DES MOINES, Iowa (3/25/13)--The Iowa Credit Union League (ICUL) selected 15 credit union executives to join its inaugural Iowa Innovation Group (IIG) program, which fosters the development of new ideas and innovations for credit unions.
Each member will serve a seven-month term, participate in meetings led by a team from ICUL and the Filene Research Institute, and pilot new ideas at their credit unions.
"While the struggles of consumers and financial institutions are all too real, this environment is perfect for innovation," says Jim Niederhauser, ICUL vice president of member services. "We're confident that this new group of innovators has the skills, passion, and grit to transform the lives of consumers through credit unions in Iowa."
Modeled after Filene's i3 (Ideas, Innovation, Implementation), IIG seeks to launch similar programs such as the i3 Save to Win (prize-based savings accounts), nationwide Savings Challenges (reality TV meets wallet improvement) and Debt in Focus (an anonymous, online financial assessment tool).
IIG will identify ways to improve how credit unions provide financial guidance to their membership.
IIG members include: