Credit Unions

US Credit Union Regulator Wants to Know How Its Firms Handle DeFi

The NCUA published an RFI on Thursday, asking credit unions to weigh in on how they're interacting with DeFi and DLT.

News  ·  22 July 2021

DeFi Credit Union Platform Xend Finance Goes Live in Africa First

Xend is the first DeFi protocol to launch from the African continent using the Binance Smart Chain.

Business  ·  22 March 2021
OCC

Federal Credit Union Regulator Should Look at Crypto Rules, Official Says

The NCUA could look at the Office of the Comptroller of the Currency's crypto guidance as an example, Kyle Hauptman said.

Policy & regulation  ·  3 March 2021
DeFi

Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch

Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.

Business  ·  9 February 2021
DeFi

Binance Labs–Backed ‘DeFi Credit Union’ Bringing Higher Yields to Savers in Nigeria

With backing from Binance Labs, Nigeria's Xend Finance is looking to bring DeFi to the world of local credit unions.

Business  ·  2 November 2020
Payments

IBM Scores Deal With US Credit Union Group to Use Hyperledger Blockchain

Credit union consortium CULedger will use IBM's Hyperledger Fabric, in addition to several other blockchains it's been working with.

Markets  ·  11 March 2019
Payments

US Credit Unions Will Use DLT to Expand Payments Business

CULedger will use the public ledger version of Hedera’s hashgraph to build a global system for cross-border payments.

Business  ·  1 May 2018
News

CULedger, Evernym Release Digital ID Blockchain for Credit Unions

The DLT-based system, known as MyCUID, is billed as a way for members of credit unions to protect themselves from identity theft and fraud.

Business  ·  26 February 2018
Enterprise Ethereum Alliance

Credit Union Trade Body NAFCU Joins Enterprise Ethereum Alliance

The National Association of Federally-Insured Credit Unions has become the latest member of the Enterprise Ethereum Alliance.

Markets  ·  8 December 2017
Banking

Former Mastercard Executive Joins CULedger Consortium as CEO

CULedger, a consortium of credit unions developing distributed ledger technology systems, has announced the appointment of a new CEO.

Business  ·  7 December 2017
Banking

US Regulator: Cryptocurrencies May Pose Risks, Rewards for Credit Unions

The top regulator for US credit unions said in a new report that cryptocurrencies pose both risk and reward for institutions in the industry.

Business  ·  29 September 2017
Banking

CULedger Credit Union Consortium Launches Blockchain Services Business

A blockchain initiative backed by a group of US credit unions has formed a new organization to support its efforts.

Business  ·  16 August 2017
US

Major Credit Unions Will Unveil New Blockchain Tech Next Week

A blockchain initiative backed by dozens of US credit unions is set to give a live tech demonstration next week.

Markets  ·  3 May 2017
Blockchain

Credit Unions Turn to Blockchain Amid Increasing Competition

The credit union industry's distributed ledger initiative has sparked the interest of CUSOs, a group that has typically not collaborated much.

Markets  ·  10 October 2016
Banking

Credit Unions Seek to Become First to Market With Banking Blockchain

More than 50 credit unions are now laying the groundwork for what they believe could become the financial industry's first live blockchain project.

Business  ·  3 September 2016