VyStar CU Opens $10 Million Fund for Fintech Investments

The announcement follows new research that indicates more CUs are exploring fintech partnerships and bank acquisitions.

By Peter Strozniak | September 24, 2019 at 04:37 PM

The $8.7 billion VyStar Credit Union in Jacksonville, Fla. said Tuesday it created a $10 million fund to invest exclusively in fintech companies.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com

NOT FOR REPRINT

By Jim DuPlessis | November 19, 2024

Sen. Thom Tillis (R-N.C.) predicts an interchange fee bill will pass in either the next Congress or the following one.

By Peter Strozniak | November 19, 2024

Igor Shushpanov opens CU accounts, obtains credit, spends the funds, pays off balances with rubber checks and declares bankruptcy.

By Michael Ogden | November 19, 2024

Credit unions must submit grant applications by Jan. 31, 2025.

Report

Credit Union Times

Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now