Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO — Embraced in other countries, an innovative account that pools all of a member’s accounts including savings, loans, mortgage, checking and credit cards into one account recently moved one step closer to implementation here in the United States.

Members of the Filene Research Institute’s i3 team, NACUSO, PSCU Financial Services and others met on Feb. 27 in Chicago to discuss how to bring the Flex.One account to U.S. credit unions. The account is a first mortgage combined into a home equity line of credit with all the capabilities of a checking account. The member’s entire loan is a line of credit, which allows loan payments and savings withdrawals. It also allows access via ATM, check, debit card, point of sale, ACH and other features that aim to make a separate checking account unneeded.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.