For consideration in the prize's “refinement” phase, which ran from May 5 to June 3, 26 ideas were selected. The five winning ideas were chosen based on how well they met six criteria: Human-centered, collaborative, community-centered, unique, showed a vision for success and were implementable.

The winners will each receive $2,000. They are:

Community Coin

Originator: Justin Bean, founder of 3D Printing for Humanity in San Francisco, Calif.

Idea: An online and mobile app platform for the exchange of goods and services between individuals. The idea calls for a new reputation- and service-based currency that can be created, distributed and managed in several different ways, without reliance on or validation from financial institutions.

Libraries as Financial Literacy Hubs

Originator: Trevor Hallstein, entrepreneur and fund manager in Oakland, Calif.

Idea: Use libraries as a community hub to teach skills and expose community members to tools that will help them reach their financial goals. The idea proposes a financial literacy program for the patrons of Oakland Public Library, with the goal of scaling the approach to other libraries and community spaces.

Re-Look

Originator: Nicole Lopez-Conti, Community Outreach Manager, Patelco Credit Union, San Francisco, Calif.

Idea: Re-look turns credit union members' declined loans into approvals. For those who have been declined for a loan, it offers borrowers a 30-, 60-, 90- or 180-day track to reapply successfully. Credit union representatives will examine the reasons for loan decline and offer advice to put members on a path to successful borrowing.

Harnessing the Power of Volunteerism to Empower Youth and Women

Originator: Jean-Marc Mercy, CEO/Founder, the Bridge Initiative, Democratic Republic of the Congo

Idea: Train youth volunteers in financial literacy and community development from the Bridge Initiative, a nonprofit NGO based in Kinshasa, whose mission is to promote volunteerism and social entrepreneurship as pathways to decent work. Volunteers would serve as community ambassadors to help the young – especially girls and women – gain financial knowledge.

A Grassroots Youth Campaign to Initiate Change

Originator: Tori Adele Signorelli, freelance designer and writer in Cincinnati, Ohio.

Idea: This idea taps into the power of young people to change the way people think and talk about money. Inspired by the Rock the Vote initiative, this grassroots campaign would engage 17- and 18-year-olds through channels such as social media, a classroom kit and on-campus events.