Research and Development

Fintechs and Credit Unions

Banks are working with, investing in, and buying fintech companies that offer products, services, and experiences to the banks’ customers. Credit unions are well behind banks in this space, partially due to a lack of market awareness of credit unions, but also due to regulatory limitations imposed on credit unions to invest in fintech companies. We are working to rectify this situation and help credit unions catch up to our competition and begin leveraging the power of fintechs more readily. Today we are actively focusing on ways to cooperatively fund fintech investments by credit unions, bringing fintechs to us via our annual FinTech Expos, and radically increasing credit union collaboration related to fintechs.