CUNA/MWCUA partner to unveil CU Shared Ledger concept at ACUC

by Lisa J. McCue, CUNA NEWS NOW

That will be the message of CUNA Chief Operating Officer Rich Meade’s cutting-edge presentation at CUNA’s upcoming America’s Credit Union Conference, which launches June 25 in Seattle.

Meade will describe how CUNA, in partnership with the Mountain West Credit Union Association, has worked to develop a concept for a credit union system-wide “permissioned distributed shared ledger,” which is more commonly referred to as a blockchain.

CUNA and the league want to develop a blockchain technology platform for credit unions, which will, in turn, provide the system with maximized efficiency and enhance credit unions’ strong focus on their members.

About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional tri-state trade association representing 126 member credit unions, 3.1 million credit union members and $37 billion in assets throughout Arizona, Colorado and Wyoming. Not-for-profit in nature, credit unions provide low-cost financial services to their members. Founded in 2011, the Mountain West Credit Union Association serves and supports the interests of member credit unions through advocacy, community outreach, education and training, public affairs, regulatory and compliance services and strategic partnerships. The Mountain West Credit Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU) and CUNA Mutual Group. Follow us on twitter at twitter.com/mwcua or on Facebook at facebook.com/mwcua. To learn more about credit unions visit AsmarterChoice.org.