MADISON, Wis. — Filene Research Institute says it is seeking the "best and brightest minds" to participate in the latest incarnation of its i3innovation program.
The "think and do tank" said i3 is an intensive, 24-month curriculum designed to generate "groundbreaking new ideas and position participants to carry the torch for growth and innovation in the credit union market." It encouraged CU employees with a demonstrated track record of creativity and a "desire and ability to influence change" to apply.
Applications will be accepted at
New this year, 40 applicants will be selected to participate in Filene i3 "try outs." Ten teams consisting of four applicants will be paired with an i3 alumnus and assigned a challenge. The teams will be taught the basics of The Filene Method and be asked to develop and pitch an innovative solution to the challenge. Try outs will take place over the course of six weeks and will be conducted virtually.
Filene said 16 top performers will be welcomed to the 2015 Filene i3 class. It will announce the participants in late summer.
"Filene i3 is a fantastic opportunity for a credit union leader who consistently strives for something greater," said Andrew Downin, innovation director at Filene Research Institute. "Through a dynamic combination of lively virtual discussions, collaborative fieldwork and self-study, the i3experience drives innovation and shapes the lives of people who want to help improve our communities and the ways in which we utilize financial services."
According to Filene, the i3 program develops an "innovation competency" for credit unions and the next generation of credit union CEOs. Thirty former i3ers have been promoted to CEO of a credit union or system organization. Since 2003, 195 credit union executives have introduced more than 150 product, service and business model ideas for financial institutions.
Filene said ideas developed in i3 have changed state laws, improved millions of financial lives and saved credit unions "countless dollars" while attracting new members. Past projects include Prize-Linked Savings/Save to Win accounts, Debt in Focus (now SavvyMoney) and Savings Revolution.
'Slightly Crazy'
"I originally applied for i3 because I wanted to learn from and work alongside some of the most innovative, creative, committed, (and slightly crazy) professionals in the credit union world — mission accomplished!" said Joni Walker, SVP marketing and development for Missoula FCU and a former i3er. "My experience with i3 was refreshing, and invigorating. I came away with a new perspective on trying things, failing fast, and finding new solutions to old problems. I encourage anyone who is interested to apply."
Filene Research Institute describes itself as an independent, consumer finance think and do tank dedicated to scientific and thoughtful analysis about issues affecting the future of credit unions, retail banking and cooperative finance. Founded more than 25 years ago, Filene is a 501(c)(3) nonprofit organization. Nearly 1,000 members make the nonprofit's research, innovation and impact programs possible.
