Think tank segments the 57% of consumers it says face financial problems into four categories.
Credit unions develop products and services to build long-term relationships with immigrant populations.
WASHINGTON — An academic panel discusses how electronic payments could better benefit low-income consumers.
Initiative also includes $1.5 million deposit at participating credit unions.
Five of the eight winners of the Center for Financial Services Innovation second round of Financial Capability Innovation Fund awards are either offshoots of credit unions, have credit unions partners or have a history of working with credit unions.
In order to succeed in the 21st century, credit unions cannot afford to not serve the enormous and growing population of financially underserved consumers in the U.S., according to Greg Rable, CEO of FactorTrust, an aggregator of data on those consumers.
In order to succeed in the 21st century, credit unions cannot afford to not serve the enormous and growing population of financially underserved consumer.
A new report from the Center for Financial Services Innovation suggests that products and services marketed to unbanked and underbanked consumers could represent a huge and growing market for the nation’s credit unions.
Subprime credit cards, payday loans over the Internet among market-leading products.
The National Credit Union Foundation has teamed up with one of the largest financial think tanks in the country, the Center for Financial Services Innovation, to find a big idea to fund this year.