Announcements and News

The days when traditional financial institutions considered fintechs grave threats, poised to steal business by attracting tech-savvy and convenience-seeking consumers, are over. Now, there's a consensus within the credit union industry that joining forces with fintechs is the way to go to boost loan and member growth.

CUNA Mutual Group said it has entered into a partnership with WithClutch, a fintech platform focused on allowing consumers to refinance high interest consumer loans through a "digitally-enabled and frictionless process.

CUNA Mutual Group, a broad financial services provider, and CarSaver, the leading automotive e-commerce marketplace and fintech platform have partnered to launch the industry's first online marketplace and fintech e-commerce platform for credit unions.

CMFG Ventures Discovery Fund will invest $15 million in early-stage companies with underrepresented founders over the next three years.

CMFG Ventures, the venture capital arm of CUNA Mutual Group, launches the Fintech Forum, a new online community of credit union leaders, fintechs and industry partners to foster innovation, share knowledge and discuss topics impacting the future of financial services. This first virtual event will be held on December 9 and will focus on the future of auto buying and its impact on credit union auto lending.

Interview with Brian Kaas, President and Managing Director, CMFG Ventures

CUNA Mutual Group acquires CuneXus, an award-winning Santa Rosa, California-based start-up firm providing financial institutions an all-in-one digital lending platform.

Coverance Insurance Solutions is pleased to announce a $10.5 million financing led by CUNA Mutual Group, with participation from existing investor Strandview Capital.

Through a partnership with CMFG Ventures, Filene Research Institute continues the work of the FinTech Catalyst Incubator to test and analyze the desirability and feasibility of Steady and its ability to create positive impact for credit unions and their members.

A fintech startup focused on the refinancing of auto loans said it has raised $8.6-million in a Series A funding round. CMFG Ventures, the venture capital arm of CUNA Mutual, is among the investors, along with Motley Fool Ventures, Link Ventures and other firms.

CMFG Ventures Principal Sam Das shares his insights on investing in the next big thing - fintech or foe. Sam explains further if credit unions need to invest in technology to take on the fintechs at their own game or look for opportunities to partner with them.

BankBI Ltd, a leading cloud-based financial performance analytics application for the banking and financial services industry, today announced a Series A investment by equity investor CMFG Ventures, the venture capital arm of CUNA Mutual Group.

We know that disruption is occurring in financial services, but with all the hype in the market, it can be hard to know how to respond.

San Francisco-based Square, which offers card readers and a payments app, has confirmed to CU Times that is has filed an application for an industrial loan charter with the FDIC.

CMFG Ventures–the venture capital arm of CUNA Mutual Group–expects the investments it’s making in startups will help credit unions keep pace with all the “market disruption” taking place within financial services.

Chicago-based fraud analytics startup Rippleshot recently announced it raised $2.6 million in venture capital funding from a number of contributors. The funding round was led by venture capital firm KDWC and saw participation from CMFG Ventures, the venture capital arm of CUNA Mutual Group.

A branch of CUNA Mutual Group said Tuesday that it has invested in a California technology firm that provides credit union members with an easy way to explore and apply for loans online or via their mobile devices.