The Bank Slate


United Financial Credit Union to invest $5M in tech-focused CUSO

United Financial Credit Union in Saginaw, Mich., will invest $5 million into CU Digital One, a credit union service organization (CUSO) focused on blockchain, digital investment solutions and artificial intelligence.

The investment is expected to close in the first quarter of 2024.

“We are excited to partner with CU Digital One and help credit unions offer their members innovative products and services,” Barbara Appold, the credit union’s CEO, said in a press release.

This investment “is a major validation of our vision for the future of the credit union industry,” Joshua Herman, the CUSO’s CEO, said. “With United Financial Credit Union’s support, we will be able to accelerate our growth and development of new products and services that will help credit unions offer their members innovative solutions and services.”

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