DOCSLIB.ORG

Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report THE ASTERISKA FILENE UPDATE MEMBER IMPACT REPOR T FISCAL YEAR 2020 ISSUE NO. 6 “TO DISCOVER THE NEW RESPONSIBILITIES OF THIS NEW LOOKING EPOCH, AND TO ACT IN ACCORDANCE WITH THOSE NEW RESPONSIBILITIES, IS THE MOST PRACTICAL AND MOST BACK IMPORTANT PROBLEM WHICH CONFRONTS US NOW.” – EDWARD FILENE WHILE MOVING FORWARD There has never been a greater need for credit unions. It’s not just research however —it’s research done VOLUME 6 differently (see Incubation on page 6) so you don’t In times of crisis, the tension created by Over the years, there have been so many moments have to shoulder the risk of new ideas alone in your competing priorities can be overwhelming, FEATURES of celebration in our great credit union industry. Yet quest to be more innovative for your members. this year has presented us with one crisis after another, 4 RESEARCH but it can also lead to greater clarity of shaking our public health, economic, social, and political And if there’s anything the pandemic taught us, it’s 6 INCUBATION systems to their core. Some is a repetition of what we that solving big challenges requires a new mindset purpose. It is the actions we take in each 8 ADVISORY SERVICES have seen before, some is new and different. In this (see Advisory Services on page 8). So, we’ve upped our uniquely challenging environment, some things will game in how we convert our research and insights into present moment that give life to our mission, 9 CUSTOM RESEARCH rise, and some will fall. Some ideas will not survive, tools and resources for you, at the level you need, to 10 COMMUNITIES while tomorrow yields new opportunities for and some will be born out of this time. make lasting and impactful change in your organizations. I feel strongly that the work credit unions have always Ultimately, we are all wired for connection (see us to shape brighter futures for the people IN EVERY ISSUE done and are still doing amid a global pandemic, has Communities on page 10) and this year has pushed we serve. This issue looks back at Filene’s 11 EVENTS never been more needed. And to meet that need, credit us to turn challenges into opportunities to connect last fiscal year and how the work we have 12 FILENE FILL-IN unions across the country have stepped up with more deeper (see Events on page 11). We invite you to join clarity of purpose to serve and support their members us in our efforts now and into the future so we can 13 FILENE FAVORITES done together has helped our industry and communities in huge and numerous ways. That is stay connected for the long run. 14 TAKE-AWAY TOOL what we at Filene are celebrating this year, the impact find balance in the face of uncertainty and 15 YOU ASKED. and action of our nation’s credit unions! This year, like no other, has brought forward the WE ANSWERED. tension we face daily between our heads and our create new opportunities to grow as a 16 EXECUTIVE RESEARCH In this, our annual member impact report, we outline hearts. You stand committed to your business and business while supporting the well-being REPORT SUMMARIES the ways in which Filene is your partner to grow your to your community, and Filene stands committed to impact, to help you deliver your products and services you in finding solutions to the complex problems of our communities. in ever more excellent ways, and to prepare you for we will continue to face together as we shape a 2020 IMPACT REPORT resilience and sustainability long into the future so new future and new moments for celebration. 25 FINANCIAL HIGHLIGHTS you can always be there to meet the needs of your Thank you! 26 BOARD MEMBERS members and community. 27 ACKNOWLEDGEMENTS Filene has worked hard to usher in a new era of research 31 THINK TANK (see Research on page 4) to support your executive leadership teams in the work they do to make your Mark Meyer credit union a leader in its field. President + CEO 2 3 CUTTING-EDGE RESEARCH TO INCREASE LEARNING AND TRANSFORM ORGANIZATIONS Ushering in a new era of research. The new Centers will build on Four years ago, Filene first introduced a significant body of research Six New Centers of Excellence Filene’s Think Tank DIVE DEEPER the concept of Centers of Excellence that has strengthened the credit Diversity, Equity & Inclusion Representing nearly 40 credit unions and credit union system organizations, to help organize research around the union system and delivered Launched January 2020 the Think Tank serves as one arm of Filene’s Research and Incubation Advisory PODCAST most pressing issues facing the future impactful results to consumers. Council alongside the prestigious Inner Circle. Launched in May 2020, the Think Consumer Financial Lives of credit unions. A lot has changed As the Centers of Excellence for Tank serves as the voice of credit unions and the credit union system with the in Transition in four years. A lot has changed in Organizational Entrepreneurship, Launched February 2020 objective of driving Filene’s innovative research and incubation agenda for the four months! Consumer Decision Making, industry while growing and strengthening credit unions’ capacity to improve and Performance & Operational Emerging Technology consumers’ financial lives (see page 31 for more). Based on feedback from hundreds Excellence come to a close we Relaunched June 2020 of credit unions and their partner are grateful for our partners Data Analytics & the Future organizations, Filene identified six who helped make this research of Financial Services Ep 65: Introducing Dr. Quinetta Roberson key focus areas to provide credit possible and the Fellows, Dennis Launched September 2020 unions with actionable research Campbell, Hope Schau and Huggy Filene sits down with Dr. Quinetta Community Social Impact “I READ NEARLY EVERY PAPER THAT COMES to continue to make a significant Rao, who brought this research Roberson, the Fellow for Filene’s Launched October 2020 OUT AND SHARE [THEM] WITH MY TEAM TO first Center of Excellence launched impact and transform the credit union to life to help credit unions think HELP US UNDERSTAND WHAT IS RELEVANT Innovation & Incubation in 2020, the Center for Diversity, industry in the years to come. forward and change lives. IN THE INDUSTRY. I LOVE THE WAY FILENE To be launched December 2020 Equity & Inclusion. IS BOLD ENOUGH TO CALL OUT WHAT NEEDS TO BE CALLED OUT. WE SOURCE FILENE’S WORK OFTEN.” Thank You to our Exiting Filene Fellows for their Contributions BLOG ERIKA ROMENESKO, CUNA MUTUAL GROUP Huggy Rao Filene Fellow, Center of Performance & Operational Excellence Atholl McBean Professor of Organizational Behavior and Human Resources Stanford University An Interview with Lisa Servon Hope Schau Filene shares more about the Filene Fellow, Center of Consumer Decision Making By the Numbers launch of the Center of Excellence Eller Professor of Marketing at the Eller College of Management for Consumer Financial Lives in University of Arizona Transition led by Dr. Lisa Servon Research reports COVID-19-specific of the University of Pennsylvania. and actionable outputs to strengthen Dennis Campbell tools developed to credit unions. Filene Fellow, Center for Organizational Entrepreneurship transform organizations. Dwight P. Robinson, Jr. Professor of Business Administration 31 22 filene.org/research Harvard University See page 15 for more research insights from FY20. 4 5 “EVERY SINGLE TEST, WHETHER A PRODUCT PROVEN ROLLED OUT FROM THIS OR NOT, filene.org/incubation HELPED US EVOLVE AS A CREDIT UNION.” DANIELLE FRAWLEY, FORT COMMUNITY CU INCUBATORS DIVE DEEPER Report #500: PODCAST TO ACCELERATE INNOVATION AND REDUCE Filene’s founders saw a need within the cooperative finance industry for RISK FROM TESTING NEW SOLUTIONS thoughtful, objective and impactful research. The first twenty years of Filene were focused on one thing, conducting research but research alone would not be enough. Research done differently. The world is changing in unpredictable ways and credit unions need to be proactive about preparing for that uncertain future. ​​Those who tested with us over the past year learned something of value The culmination of a five-year long relationship with Visa to seek, test, about their work and the needs of their community in every instance. and scale alternative products to reach minority households was a success in more ways than one. The Pathways to Financial Well-being report tracked Ep 61: Align ISA Research and Results To reduce the front-end risk of testing new products and ideas, Filene ran two incubators to explore the desirability, the significant impact of the RMH Incubator in the lives of twenty people. Hear insights from the architects feasibility, and viability of new and novel concepts. In a similar way, it also marked a significant milestone for being Report #500 of the first test in the FinTech in Filene’s archive. Catalyst Incubator, plus the credit unions practitioners “Never did we dream that we would get to 500 studies. From one study who tested this concept. Growth Incubator Financial Well-being Incubator to another to another, we were building all of the time. And now we are at 500 studies and look at what we are talking about, financial well-being. Through a partnership with CMFG Ventures, the FinTech Building on the success of the Reaching Minority Households TOOL I think our reports should be judged ‘do they make a difference.’ And in Catalyst Incubator identified, tested and evaluated four Incubator (RMH) work and with the support of Visa, Filene my opinion beneficial to ordinary people.” promising financial technology concepts and companies. hosted workshops, created an implementation guide, and launched an online learning tool for ITIN Lending.
Load more

Recommended publications
  • Teaching About Propaganda
    R. Hobbs & S. McGee, Journal of Media Literacy Education 6(2), 56 - 67 Available online at www.jmle.org The National Association for Media Literacy Education’s Journal of Media Literacy Education 6(2), 56 - 67 Teaching about Propaganda: An Examination of the Historical Roots of Media Literacy Renee Hobbs and Sandra McGee Harrington School of Communication and Media, University of Rhode Island Abstract Contemporary propaganda is ubiquitous in our culture today as public relations and marketing efforts have become core dimensions of the contemporary communication system, affecting all forms of personal, social and public expression. To examine the origins of teaching and learning about propaganda, we examine some instructional materials produced in the 1930s by the Institute for Propaganda Analysis (IPA), which popularized an early form of media literacy that promoted critical analysis in responding to propaganda in mass communication, including in radio, film and newspapers. They developed study guides and distributed them widely, popularizing concepts from classical rhetoric and expressing them in an easy-to-remember way. In this paper, we compare the popular list of seven propaganda techniques (with terms like “glittering generalities” and “bandwagon”) to a less well-known list, the ABC’s of Propaganda Analysis. While the seven propaganda techniques, rooted in ancient rhetoric, have endured as the dominant approach to explore persuasion and propaganda in secondary English education, the ABC’s of Propaganda Analysis, with its focus on the practice of personal reflection and life history analysis, anticipates some of the core concepts and instructional practices of media literacy in the 21st century. Following from this insight, we see evidence of the value of social reflection practices for exploring propaganda in the context of formal and informal learning.
    [Show full text]
  • Frank Myron Guttman the HEBREW FREE LOAN ASSOCIATION OF
    Frank Myron Guttman THE HEBREW FREE LOAN ASSOCIATION OF MONTREAL The Jew is not a burden on the charities of the state nor of the city; these could cease their func- tions without affecting him….A Jewish beggar is not impossible: perhaps such a thing may exist, but there are few men who can say that they have seen that spectacle.1 Many Montreal businessmen, some of whom have been or are now on the board of directors owe their start up and subsequent success to the Hebrew Free Loan Association (HFLA). The primary purpose of the HFLA is to lend interest-free money to the needy, to people who could not otherwise obtain loans from banks or mortgage companies. The practice began in the Middle Ages in Europe and spread to America at the end of the nineteenth century. The principal of interest-free loans is based on biblical and rabbinic injunctions as well as Jewish practices that have evolved through time. The HFLA endeav- ours to reduce pauperism through the mechanism of helping individuals to help themselves. This approach was judged a better solution to poverty than charity in that it provides the tools for the poor to increase their financial security. The mode of operation of the association is such that it minimizes the shame associated with a loan by providing unmarked cheques. An underlying secondary purpose of the HFLA is to fight anti- semitism by demonstrating both that Jews are not usurers and that they look after their own. 46 Frank Myron Guttman The Montreal HFLA was established in 1911.
    [Show full text]
  • The Causes of the Great Depression an Online Professional Development Seminar
    The Causes of the Great Depression An Online Professional Development Seminar Colin Gordon Professor of History University of Iowa We will begin promptly on the hour. The silence you hear is normal. If you do not hear anything when the images change, e-mail Caryn Koplik [email protected] for assistance. Causes of the Great Depression GOAL The goal of this seminar is to develop an historical explanation for both the onset, and the severity, of the Great Depression in the United States. Among the many competing explanations (both contemporary and scholarly), we focus on the collapse of demand in the interwar economy and the challenge of restoring that demand in an era of limited federal powers. americainclass.org 2 Causes of the Great Depression FROM THE FORUM Challenges, Issues, Questions What, if any, government action led to the Great Depression? What private action, both on the part of individuals and business, led to the Depression? What is the relationship, if any, between the consumerism of the 1920s and the Great depression? How much blame should be placed on consumers themselves in terms of installment buying, credit, and stock market speculation? To what extent should “buying on margin” and overconsumption be factored into the causation of the GD? Were there any warnings to the Great Depression? Was there any warning to the decline of the business cycle? Why was the Great Depression so severe? americainclass.org 3 Causes of the Great Depression FROM THE FORUM Challenges, Issues, Questions In what ways was
    [Show full text]
  • To Download the PDF File
    REPORT A Road Map for Worldwide Financial Services Innovation George Hofheimer, Chief Knowledge Officer, Filene Research Institute Andrew Downin, Innovation Director, Filene Research Institute Linda Young, Founder, ponderpickle Acknowledgments Filene thanks Desjardins for its generous sup- port and curiosity in bringing the innovation topic to a larger audience. We also wish to thank PSCU for their ongo- ing support, especially around the innovation topic. Table of Contents 4 EXECUTIVE SUMMARY 6 CHAPTER 1 What Is Innovation? 9 CHAPTER 2 The Role of Innovation in Financial Services 16 CHAPTER 3 Global Financial Innovations 30 CHAPTER 4 The Filene Method: Delivering Financial Innovation 42 CHAPTER 5 Conclusions and Recommendations 44 ENDNOTES 48 LIST OF FIGURES 50 ABOUT THE AUTHORS 52 ABOUT FILENE Executive Summary Overview In a recent blog post on innovation, Joseph E. Stiglitz, who is, among other things, a Nobel laureate in economics and a professor at Columbia Univer- In financial services, sity, discussed what he described as “the innovation enigma.” In short, innovation works best he says there isn’t always a clear link between innovation and GDP statis- when it can deliver tics, which he equates with improved living standards. Stiglitz goes on to discuss the fact that innovation in the financial services sector—especially increased benefits to as illustrated by innovations popular before the 2008 economic collapse— members. The Filene often meant “devising better ways of scamming others, manipulating approach was designed to markets without getting caught (at least for a long time), and exploiting market power.”1 help innovators optimize their abilities to ideate, Not exactly the rosy glow that “innovation” usually engenders, huh? Is it test, and implement possible for innovation in the financial services sector to create positive results for the “little guy?” Or is financial services innovation, by its very cutting edge solutions.
    [Show full text]
  • University of Wisconsin-Eau Claire the Credit Union
    UNIVERSITY OF WISCONSIN-EAU CLAIRE THE CREDIT UNION MOVEMENT: A HISTORICAL LOOK AT NINETEENTH AND TWENTIETH-CENTURY ORIGINS AND PRINCIPLES APPLIED TO THE CHIPPEWA VALLEY A THESIS SUBMITTED TO THE FACULTY OF THE DEPARTMENT OF HISTORY IN CANDIDACY FOR THE DEGREE OF BACHELOR OF EDUCATION DEPARTMENT OF HISTORY BY ROSS D. OLSON EAU CLAIRE, WI MAY 2010 Copyright for this work is owned by the author. This digital version is published by McIntyre Library, University of Wisconsin-Eau Claire with the consent of the author. TO THE MEMBERS ABSTRACT This paper examines the history and principles of credit unions and cooperatives in part one and applies them to a credit union in the Chippewa Valley of Western Wisconsin. Credit Unions have been a stable financial choice beginning in Germany in the nineteenth-century through present day. This paper examines the role credit unions played in promoting economic growth from its rural and urban beginnings and during the poor economic times, affecting small shop keepers, artisans, and small farmers due to the industrial revolution in the mid nineteenth-century. It tracks the credit union movement from Europe to North America and its growth in the early twentieth-century to present day. Research looks to examine the individuals and organizations responsible for influencing the credit union movement and the growth that took place. Further, the paper explores Eau Claire, Wisconsin’s Uniroyal Tire Company Employee Credit Union, known today as Royal Credit Union, its original charter, and its influence over the last 40 years on economic activity in the Chippewa Valley region of West Central Wisconsin.
    [Show full text]
  • Central Coca-Cola Bottling Company
    NOTES ABBREVIATIONS BL: Butler Library, Columbia University CC: Coca-Cola corporate archives CCCB: Central Coca-Cola Bottling Company records, Virginia Historical Society CCP: Papers of Charles Harvey Crutchfield, Wilson Special Collections Library, University of North Carolina CED: Committee for Economic Development CEDA: Committee for Economic Development archives CWP: Papers of Charles E. Wilson, Anderson University Archives DBP: Papers of F. Donaldson Brown, Hagley Museum and Library FFP: Papers of Franklin Florence, Department of Rare Books, Special Collections, and Preservation, River Campus Libraries, University of Rochester FPP: Papers of Frances Perkins, Rare Book & Manuscript Library, Co- lumbia University GROH: Gerard Reilly Oral History, Kheel Center for Labor-Management Documentation & Archives, Cornell University GRP: Papers of Gerard Reilly, Historical & Special Collections, Harvard Law School Library HQP: Papers of Helen Quirini, M. E. Grenander Department of Special Collections & Archives, University at Albany, State University of New York ILIR: Files from the Institute of Labor and Industrial Relations Library, University of Illinois Archives ·· 1 ·· 2 NOTes IUE: Records of the International Union of Electrical, Radio, and Ma- chine Workers, Special Collections and University Archives, Rut- gers University JBP: Papers of Joseph M. Bryan, University Archives and Manuscripts, The University of North Carolina at Greensboro JCPL: Jimmy Carter Presidential Library JSP: Papers of Joseph N. Scanlon, Archives, University of Pittsburgh KC: Kheel Center for Labor-Management Documentation & Archives, Cornell University KHC: Kodak Historical Collection, Department of Rare Books, Special Collections, and Preservation, River Campus Libraries, University of Rochester LBP: Papers of Lemuel R. Boulware, Rare Book & Manuscript Library, University of Pennsylvania MFOH: Marion Folsom Oral History, Columbia Center for Oral History, Columbia University MFP: Papers of Marion B.
    [Show full text]
  • 1999 NCUA Annual Report
    Financial Highlights 1999 NCUA Operating Fund Operating fee revenue $ 53.9 million Other income 1.7 million Total revenue 55.6 million Expense budget $122.0 million Actual expenses 114.6million Expenses transferred to Share Insurance Fund 57.3 million Operating Fund expenses 57.3 million Net income (Loss) (1.7) million Operating Fund balance 6.3 million National Credit Union Share Insurance Fund Total revenue $ 229.1 million Operating expenses 58.4 million Insurance loss expense 0.0 million Net income 170.7 million Reserve for losses 69.8 million Fund balance 4.2 billion Equity ratio (fund balance as percentage of insured deposits) 1.30 percent Central Liquidity Facility Net income before dividends $ 43.9 million Dividends paid 44.0 million Total assets 2.0 billion Retained earnings 11.5 million Capital stock 881.0 million Federally Insured Credit Unions Number of credit unions 10,628 Total assets $ 411.4 billion Total insured shares 335.6 billion Total loans 271.5 billion Capital to assets 11.6 percent Share growth 5.0 percent Ratio of loans to shares 76.3 percent Delinquency ratio 0.8 percent Net income (before reserve transfers) 0.9 percent Contents Financial Highlights 0 The National Credit Union Adminis- Mission Statement 2 tration is the independent federal agency that 20th Century NCUA & Credit Union Events 3 supervises and insures federal credit unions Chairman’s Statement 11 and insures many state-chartered credit Board Members’ Statements 12 unions. It is entirely funded by credit unions NCUA Administration 14 and receives no tax dollars. Supervision 16 This 1999 NCUA Annual Report is Litigation, Regulation and Enforcement 18 NCUA’s official report to the President and Community Development Credit Unions 20 Congress of the United States.
    [Show full text]
  • NCUA's 1984 Annual Report
    NCUA .- ANNUAL REPORT NCUA 1984 ANNUAL REPORT National Board Credit Union (202) 357-1100 Public Information Office Administration (202) 357-1050 1776 G Street, N.W. Washington, D.C. 20456 Investment Hotline 800-424-3205 (Continental U.S.) Office of the Board 202-357-1142 (Washington, D.C. area) Edgar F. Callahan, Chairman P. A. Mack, Jr., Vice Chairman News Hotline Elizabeth Flores Burkhart, Board Member 800-424-5531 (Continental U.S.) Wendell Sebastian, General Counsel 800-424-5541 Rosemary Brady, Secretary of the Board (Hawaii, Alaska) 202-357-0104 (Washington, D. C. area) .. .. The National Credit Union Administration is an independent federal financial reg­ ulatory agency responsible fo r chartering, supervising, examining and insuring all federal credit unions. Additionally, it insures the member accounts of those state­ chartered credit unions which choose, or are required by state Jaw, to have federal insurance. Currently, NCUA insures 10,547 federal credit unions and 4,657 state chartered credit unions. Congress established the NCUA in 1970 as an independent agency in the execu­ tive branch of the federal government, successor to the Bureau of Federal Credit Unions, which was part of the Department of Health, Education and Welfare. The NCUA central office is in Washington, D.C. There are six regional offices. · NCUA receives no appropriations and operates on the fees it receives from fed­ eral credit unions. A three-member Board sets policy and manages the Agency. The purpose of the Agency is to administer the functions of the Federal Credit Union Act of 1934, which provided for the establishment of a nationwide system of credit unions whose role is to promote thrift among members and provide them with a source of credit for provident purposes at reasonable rates of interest.
    [Show full text]
  • NWCUA Philosophy Manual
    Credit Union Philosophy Certification Manual Visit the website To take the quiz or view the website, scan this or go to: http://cuphilosophyquiz.com/philosophy-quiz/ credit union philosophy • 1 credit union philosophy Certification Manual What makes credit unions different than other financial Educating the public about institutions? It’s all about structure, value, and impact. Credit unions are structured as not-for-profit cooperative financial credit unions, while essential, institutions and exist for one purpose: to serve their members. Simply, credit unions are driven by their members. Since there is not enough. It’s critical to are no stockholders and no emphasis on profits, earnings in make sure that credit union excess of operating, expenses are returned to members. That’s real value. The cooperative structure also drives significant staff, directors, and members positive community impact. understand credit unions’ unique In today’s credit union, it is not enough to know how to price products and services. Everyone, including directors, history and philosophy. When we managers, and staff, needs to understand why credit unions are in the business they are in. The most powerful spokespeople can engage all Northwest credit for the credit union movement are those same directors, unions, all employees and the managers and staff. Educating the public about credit unions, while essential, is not enough. It’s critical to make sure that Northwest’s members in credit union staff and volunteers understand credit unions’ unique history and philosophy. When our staff and volunteers communicating the credit union understand and are comfortable speaking about the unique difference, the Movement will qualities of credit unions, we will thrive.
    [Show full text]
  • History of Greenbelt, Maryland
    City of Greenbelt, Maryland GREENBELT CITYLINK HISTORY OF GREENBELT, MARYLAND "A National Historic Landmark" The City of Greenbelt has gone into the history books as the first community in the United States built as a federal venture in housing. From the beginning it was designed as a complete city, with businesses, schools, roads and facilities for recreation and town government. Greenbelt was a planned community, noted for its interior walkways, underpasses, its system of inner courtyards and one of the first mall-type shopping centers in the United States. Modeled after English garden cities of the 19th century, Greenbelt took its name from the belt of green forestland with which it was surrounded and from the belts of green between neighborhoods that offered easy contact with nature. In 1997 Greenbelt celebrated its 60th anniversary. To coincide with this historic event, the United States Department of Interior saw it fit to recognize Historic Greenbelt as a National Historic Landmark. At such a time it was appropriate to ask how this early prototype of the planned community has weathered through the years. Have the design concept and the social and cultural features built into that design succeeded in fulfilling the town’s early promise? Greenbelt is one of three greenbelt towns envisioned by Rexford Guy Tugwell, friend and advisor to President Franklin D. Roosevelt, and created under the Resettlement Administration in 1935 under authority of the Emergency Relief Appropriation Act. (Greendale, Wisconsin, near Milwaukee, and Greenhills, Ohio, near Cincinnati, are the other two towns. A fourth town, to be located in New Jersey, was never built.) Greenbelt was an experiment in both the physical and social planning that preceded its construction.
    [Show full text]
  • Battling Over Bargain-Hunting: Defining the American Consumer Through Mass-Consumption Shopping Practices, 1909- 1915
    Yale University EliScholar – A Digital Platform for Scholarly Publishing at Yale Harvey M. Applebaum ’59 Award Library Prizes May 2021 Battling over Bargain-Hunting: Defining the American consumer through mass-consumption shopping practices, 1909- 1915 Angela Xiao Yale University Follow this and additional works at: https://elischolar.library.yale.edu/applebaum_award Part of the Political History Commons, Social History Commons, United States History Commons, and the Women's History Commons Recommended Citation Xiao, Angela, "Battling over Bargain-Hunting: Defining the American consumer through mass-consumption shopping practices, 1909- 1915" (2021). Harvey M. Applebaum ’59 Award. 24. https://elischolar.library.yale.edu/applebaum_award/24 This Article is brought to you for free and open access by the Library Prizes at EliScholar – A Digital Platform for Scholarly Publishing at Yale. It has been accepted for inclusion in Harvey M. Applebaum ’59 Award by an authorized administrator of EliScholar – A Digital Platform for Scholarly Publishing at Yale. For more information, please contact [email protected]. Battling over Bargain-Hunting: Defining the American consumer through mass-consumption shopping practices, 1909- 1915 Senior Essay in History Angela Xiao Jonathan Edwards College Advised by Professor Beverly Gage April 12, 2021 Xiao 1 Table of Contents Abstract 2 Introduction: American consumption, shopping as politics, and economic citizenship 3 Basements, chains, and department stores: the rise of mass consumption retail practices 10 Bargain backlash: bargain-hunting spurred private concerns and social debate 19 The Stevens Bill: Congressional, public debate revealed unexpected alliances, tensions 24 Conclusion: the fate of the Stevens Bill, bargains, and American consumer mobilization 39 Bibliography 44 Bibliographic Essay 49 Acknowledgments 56 Xiao 2 Abstract This essay examines the debate and backlash against bargain-hunting in the first two decades of the 20th century across the United States.
    [Show full text]
  • The Credit Union of the Twenty-First Century Taylor C
    REPORT The Credit Union of the Twenty-First Century Taylor C. Nelms Senior Director of Research, Filene Research Institute Stephen C. Rea Postdoctoral Researcher, Department of Anthropology, University of California, Irvine Acknowledgments We gratefully acknowledge the feedback and support provided by the whole team at the Filene Research Institute, especially Stepha- nie Galligan, Laura Gilliam, George Hofheimer, and Andrew Downin, and the Center for Emerg- ing Technology Research Council. We extend our thanks as well to Bill Maurer, Chandra Middleton, and especially our anonymized interlocutors, who took the time to answer our questions, share their opinions, and brainstorm right along with us. Filene thanks the following sponsors for help- ing make the Center for Emerging Technology and this important research possible. Table of Contents 4 EXECUTIVE SUMMARY 7 CHAPTER 1 Introduction 10 CHAPTER 2 Emerging Socioeconomic Trends and Challenges 29 CHAPTER 3 Emerging Technological Trends and Challenges 49 CHAPTER 4 The Technology: A Twenty-First-Century Credit Union Business Model 62 CHAPTER 5 The Act: A Twenty-First-Century Credit Union Legal Model 71 CHAPTER 6 Conclusion 74 ENDNOTES 90 LIST OF FIGURES 92 ABOUT THE AUTHORS 93 ABOUT FILENE Executive Summary Overview What Is the Research About? This report begins the Credit unions in the United States were originally established to promote process of reimagining savings and thrift and, in particular, to provide people of limited means access to credit in order to pursue productive investments. As we approach the 1934 Federal Credit the Federal Credit Union Act’s centennial in 2034, the role of credit Union Act and aligns the unions in providing secure, fair access to financial services, especially credit union manifesto for individuals of small and moderate means, remains as important as with twenty-first-century ever.
    [Show full text]