MADISON, Wis. (10/21/14)--Fiserv Inc. has once again pledged to donate $250,000 to Filene Research Institute, based out of Madison, Wis., to help fund research and innovation efforts in the credit union industry.
As part of Filene's Chairman's Roundtable Benefactor program, Fiserv's commitment will assist Filene in conducting research that will help credit unions understand issues and form solutions to address many of the challenges facing the industry today, according to Mark Meyer, president/CEO of Filene, a consumer finance "think and do tank."
Fiserv first committed to the roundtable, membership of which costs organizations $250,000 and a three-year commitment, in 2006.
"Filene Research Institute provides powerful research and resources to the credit union industry that advance and strengthen the overall movement, and position credit unions to make a positive impact on the lives of their members," said Barb Lowman, vice president of credit union solutions for Fiserv. "Fiserv shares Filene's passion and mission to empower credit unions to 'Think. Do. Change.'"
Fiserv, based out of the Milwaukee area, is a financial services technology solutions firm.
As an example of how this type of funding will be used, Fiserv most recently supported a multiyear research program coordinated by Filene that led to a series of publications that offer analyses of financial behavior and financial capability across four demographics, including young adults, pre-retirees, women and Hispanics.
The research program was overseen by Annamaria Lusardi, professor and academic director at George Washington University's Global Financial Literacy Excellence Center.