MADISON, Wis. — What started out in 2004 as a group of industry movers and shakers coming together to bring real solutions to credit unions has blossomed into several projects prepped for actual implementation.

The Filene Research Institute recently put out a call for its fifth crop of innovators to join its i3 group. The "i" stands for ideas, innovation and implementation. The group, which started off with 26 members, was formed to identify and evaluate potential and recent credit union innovations that meet member needs. Developing strategies to lower costs, increasing credit union operational efficiencies, building member loyalty and meeting the special needs of member segments are also goals of i3.

Filene continues to look for the same type of individual for the innovation group: those that reflect diversity in experiences, credit union positions, geography and credit union membership. Someone who can think like an entrepreneur and see the big picture, said Denise Gabel, chief innovation officer at Filene.

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