1. THE FUTURE OF
CONSUMER
FINANCE

3. I’M BRENT
DESIGNER, RESEARCHER, ADVISOR

4. THINK & DO TANK FOCUSED ON THE FUTURE OF SOCIALLY
RESPONSIBLE COOPERATIVE FINANCE

5. 200 largest credit unions in the U.S.

7. “HI. I’M THE CONSUMER FINANCE TEACHING FELLOW.”

8. Oh no. Oh Shit.

9. ROUGHLY FOUR MILLION
FAMILIES LOST THEIR
HOMES TO FORECLOSURE
BETWEEN THE BEGINNING
OF 2007 AND EARLY 2012.

10. "NO LONGER CAN ANY INDIVIDUAL
NATION COLLAPSE. WORLD
CIVILIZATION WILL DISINTEGRATE AS A
WHOLE. COMPETITORS WHO EVILVE AS
PEERS COLLAPSE IN LIKE MANNER."
- Joseph Tainter

11. OCCUPY MOVEMENT
951 CITIES IN 82 COUNTRIES

12. BANK TRANSFER DAY

13. BANK TRANSFER DAY
5.6 MILLION U.S. BANKING USERS SWITCHED BANKING PROVIDERS

14. BANK TRANSFER DAY
11% CITING BANK TRANSFER DAY AS THE REASON

16. Access to capital is
lubricant for economy.
For consumers and small
businesses, a lot of this
has dried up.

17. PEER TO PEER LENDING
PEER TO PEER LENDING

18. CROWDFUNDING

19. ALTERNATIVE CURRENCIES

20. Is it possible to weave participatory
and democratic control, social
responsibility, global collaboration,
and exponential technology growth
into a consumer financial system
that changes lives?

21. MUHAMMAD YUNUS & GRAMEEN BANK

22. Worked with an underserved and “credit-less” market of poor women

23. ...and innovated a lending circle for small amounts.

24. The result? Almost no charge-offs, rapid small-enterprise development.

26. MICROFINANCE

27. Global development through credit unions

29. OPPORTUNITY:
INCREASE ACCESS

30. A thing you should know:
2.5 BILLION
people are unbanked.

31. Credit Union
MICROFINANCE, SAVINGS, AND
Raw materials:
INTEGRATED BUSINESS NETWORKS:
Components: Production:
Export
channels: Marketing &
Natural &
synthetic fiber
Yard &
fabricsCREATING VALUE CHAINS
Garment
factories
Trade
intermediaries
retail

32. Alpaca farmers in the Ayacucho Region of Peru

33. VALUE CHAINS
Credit Union
Identify and evaluate potential value chains

34. VALUE CHAINS
Credit Union
Identify and evaluate potential value chains
Export
Raw materials: Components: Production:
channels: Marketing &
Natural & Yard & Garment
Trade retail
synthetic fiber fabrics factories
intermediaries

35. VALUE CHAINS
Credit Union
Facilitate connections at each step
Export
Raw materials: Components: Production:
channels: Marketing &
Natural & Yard & Garment
Trade retail
synthetic fiber fabrics factories
intermediaries

36. VALUE CHAINS
Credit Union
Design and provide lending and savings products for each step
Export
Raw materials: Components: Production:
channels: Marketing &
Natural & Yard & Garment
Trade retail
synthetic fiber fabrics factories
intermediaries

37. HAITI MOBILE MONEY and Enterprises (HIFIVE)
INITIATIVE
Haiti Integrated Financing for Value Chains
Bill & Melinda Gates Foundation + WOCCU + Scotiabank + USAid

38. M-PESA AND MOBILE LEAPFROGGING

39. BUT: A LACK OF REGULATION PUTS USERS AT RISK

40. Millions of people in
developed countries who earn
low wages or have
accumulated little wealth need
access to affordable loans.

41. AUSSIECASHADVANCES.COM

42. IN THE U.S. THERE ARE MORE PAYDAY LENDERS THAN
STARBUCKS AND MCDONALDS COMBINED

44. Set to grow significantly over the next decade and beyond.

45. PRIZE-LINKED SAVINGS
• $100,000 Grand Prize
• No Risk to Principal
• Year 1: 12,000 New
Accounts, $8.7 Million in
Deposits
• Year 2: 16,000 New
Accounts, $27.9 Million in
Deposits

47. RETHINKING CREDITWORTHINESS
Meet the gatekeepers.

48. Opportunity to use big data,
character-based accountability to
disrupt the current credit system.

49. OPPORTUNITY:
LARGE SCALE COLLABORATION

50. LARGE SCALE COLLABORATION

51. LARGE SCALE COLLABORATION
536 credit unions, $151.9 billion (CAD) in assets

52. LARGE SCALE COLLABORATION
536 credit unions, $151.9 billion (CAD) in assets
Frees small credit unions up to design for specific needs,
cultures and environmental shifts.

53. LARGE SCALE COLLABORATION
536 credit unions, $151.9 billion (CAD) in assets
40% marketshare in Quebec

54. LARGE SCALE COLLABORATION
536 credit unions, $151.9 billion (CAD) in assets
40% marketshare in Quebec
Compare to fragmented U.S. system with 6% marketshare

55. OPPORTUNITY:
DECENTRALIZE POWER

56. DEMOCRATIC, PARTICIPATORY
STRUCTURE

57. DEMOCRATIC, PARTICIPATORY
STRUCTURE
Credit unions are cooperatives and fully owned by
their members.

58. “ ...In a country with
no democratic
traditions, the
best way to build
an understanding
of democracy is
to do it first at the
local level.

59. For many people, this is their first direct experience
with democratic decisionmaking and election process.

60. In March 2005, 60% of the membership of the Islamic Investment and
Finance Cooperatives voted to elect volunteer directors to govern the
institutions. Two women were elected to the board of each credit union.

62. A tool for social change.

63. 200 CEOs available to mentor groups
and help fund ideas.

64. HOW MIGHT WE USE EXPONENTIALLY GROWING TECHNOLOGY
AND CONSUMER FINANCE TO
INCREASE ACCESS

65. HOW MIGHT WE USE EXPONENTIALLY GROWING TECHNOLOGY
AND CONSUMER FINANCE TO
INCREASE ACCESS
DECENTRALIZE POWER

66. HOW MIGHT WE USE EXPONENTIALLY GROWING TECHNOLOGY
AND CONSUMER FINANCE TO
INCREASE ACCESS
DECENTRALIZE POWER
CHANGE BEHAVIOR

67. HOW MIGHT WE USE EXPONENTIALLY GROWING TECHNOLOGY
AND CONSUMER FINANCE TO
INCREASE ACCESS
DECENTRALIZE POWER
CHANGE BEHAVIOR
CHANGE LIVES