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The fintech organization Glia announced the creation of a new CUSO with several partner-credit unions on Thursday. The CUSO, named Glia Technologies, Inc., offers credit union clients the opportunity to invest in the reinvention of “how they serve members.”

In an email to CU Times, a spokesperson for Glia explained the reason for creating the new CUSO. “This CUSO was created to offer an opportunity for Glia’s CU clients to invest in the growth trajectory of Glia and join a community of CUs that are reinventing how they serve members in an ‘OnScreen World.’”  Glia decided to establish this CUSO because of inbound inquiries from clients seeking to partner more closely with Glia. The focus was not raising capital for operations (Glia has a strong balance sheet and recently raised a Series D) but rather creating a community around the next generation of member experience.”

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Michael Ogden

Editor-in-Chief for CU Times.

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