‘With a fund, CUNA Mutual Group gets a seat at the table’: CMFG Ventures’ Brian Kaas
- CUNA Mutual Group distributes investment and insurance products to 95% of the credit unions in the U.S.
- It also invests in fintech with an eye on helping credit unions get access to new, innovative products.
It may be surprising to hear that 124 million Americans are credit union members. Serving that constituency isn’t always easy. That’s because client expectations are high as financial service providers compete on experiences with Netflix and Amazon. CUNA Mutual Group partners with over 95% of all credit unions in the US to help them better serve their membership with insurance and investment proucts.
CUNA Mutual Group also invests in fintech. Brian Kaas is the managing director of CMFG Ventures, the firm’s venture capital arm. He joins me on the podcast today to discuss the challenges credit unions face and the role fintech is beginning to play to help them level the playing field. We talk about CMFG’s mandate and some of the firm’s investments like Affirm, Current, Good Money, and Steady.. Lastly, we look ahead to see just where Brian is interested in investing in the future.
Brian Kaas is my guest today on the Tearsheet Podcast.
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