Collaboration, CUSOs, and Crypto: Part I

Becky Reed, COO at BankSocial, joins 22 Minutes in Lending to talk about her long-standing involvement with CUSOs, why cooperation is credit unions’ superpower, and how blockchain, DAOs, and stablecoin are shaping the future of financial services. From her roots leading credit unions and chair emeritus for the NACUSO board, to leading fintech innovation today, Becky unpacks big ideas with clarity and conviction.This is just the first half of a two-part conversation. Don’t miss the next episode, where Becky dives into how these technologies are reshaping lending.Key Takeaways:00:46Becky shares why she believes cooperation is the credit union industry’s superpower, and how the CUSO model reflects that.02:39Is the number of CUSOs growing too fast or not fast enough? Becky explains why more CUSOs (and more differentiation and specialization) is actually a sign of industry health.04:47Are legacy CUSOs at a disadvantage? Becky says no, and explains how traditional and contemporary models are playing different but valuable roles.08:10Becky defines what a Decentralized Autonomous Organization (DAO) is and how BankSocial started as one.11:06Why DAOs matter for the future of credit unions: Becky breaks down how digital governance models can boost transparency, inclusion, and member involvement.13:13Becky dissects the jargon, explaining key terms like blockchain, Bitcoin, and stablecoin.16:32Payments are at the core of financial institutions. Becky explains why stablecoin could become the most efficient payment rail yet and what that means for the future of credit unions. Resources Mentioned:BankSocial: https://web.banksocial.io/  LendKey: https://www.lendkey.com/Thanks for listening to the 22 Minutes in Lending podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show and be sure to subscribe so you never miss another insightful conversation.#CreditUnions #Fintech #22MinutesInLending

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