CU Digital One, a credit union service organization focused on fintech investments, has landed another credit union investor.
The $820 million-asset Zeal Credit Union in Livonia, Mich., will invest $5 million in the CUSO in a transaction expected to close in the first quarter.
The investment “aligns perfectly with our commitment to providing the best possible experience for our members,” “Julie Kreinbring, Zeal’s CEO, said in a press release. “We believe in the power of innovation to transform the way we serve our members.”
Frankenmuth Credit Union in Frankenmuth, Mich., formed the CUSO earlier this year. United Financial Credit Union in Saginaw, Mich., agreed this fall to invest $5 million into CU Digital One.
CU Digital One recently announced plans to invest $5 million in CryptoFi.