Fintech investment: Many roads lead to a coveted destination

The days when fintechs and credit unions were viewed as mortal enemies are clearly behind us.

Throughout most of the 2010s, this supposed pitched battle for members’ hearts and minds was a popular storyline, portraying these brash young firms as disruptors intent on putting dinosaur financial institutions out of business.

While this portrayal may occasionally be true, both camps have come to recognize the natural synergies that exist between the two.

At the 2021 NACUSO Network conference, NCUA Board Member Rodney Hood lauded the “symbiotic relationship” between these entities, particularly in forging pathways to serve digital natives.

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