If credit unions can't beat the fintechs, why not join ’em?
That's what nine credit unions in New York, Florida and Alabamaare doing in a six-month pilot project with LEVERAGE, thefor-profit subsidiary of the League of Southeastern Credit Unions, and Linqto, a SiliconValley company that specializes in software for fintechapplications.
The short-term goal of the pilot project is for credit unions towork with fintech developers to determine what specific apps aremost likely to appeal to existing and prospective millennialmembers.
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