MADISON, Wis. (3/5/14)--More and more, credit unions are grappling with external market forces such as competition, fluid consumer preferences and economic imperatives.
To remain agile and competitive in the face of these forces, industry leaders believe that the member-owned financial institutions--in addition to the credit union service organizations and state leagues-- must continue to pursue innovation.
Filene Research Institute recently launched a new Innovation Immersion program to help those service organizations and leagues accomplish just that.
"By trying new approaches to consumer finance, credit unions can better prepare themselves for a changing financial marketplace while improving their members' financial lives," said Tansley Stearns, impact director at Filene, in a press release.
The program is a one-day, experimental-learning session that Filene has built to ignite a culture of innovation within the credit union organizations and leagues who participate. A free webinar introducing the program will be April 2 and April 8.
So far, more than 10 credit unions and leagues have attended the program.
"The Innovation Immersion helped our leadership team to continue building innovation into our culture," said Brett Thompson, president/ CEO of the Wisconsin Credit Union League. "The methodologies and practical approach not only sparked ideas during our one-day session, but will help us to grow a culture of innovation that ensures ideas and innovation are a part of who we are as a league well into the future."