First Full-Service Treasury Management CUSO Forms

A new “ecosystem partnership” was created Wednesday between Curql Collective and Tru Treasury to form what the organizations called the credit union “industry’s first full-service treasury management CUSO to Curql investors and subscribers.”

The formation of the partnership aims to give credit union leaders a better option to deliver business services to members and communities.

“The Tru Treasury, Curql partnership will address an industry-wide credit union gap of business service, driven by limited treasury institutional knowledge, support structures and solutions,” Wednesday’s joint statement read.

“This partnership is about doing what we can right now to set credit unions up to succeed at winning and servicing valuable business members,” John Ballantyne, CEO of Tru Treasury, said. “When credit unions have the solutions, support and infrastructure built to help their business members thrive, their communities thrive. Partners like Curql will allow us to continue to scale and expand access to services traditionally underrepresented in the credit union industry.”

“We are thrilled to add Tru Treasury to our fintech ecosystem,” Nick Evens, President/CEO of Curql Collective, said. “Tru Treasury provides propriety fintech platforms and the full scope of payable, receivable, fraud prevention and cash management products that credit unions need to service an increasingly complex commercial segment. A partnership with Tru Treasury provides a strong business case for our credit unions to provide a full-range of treasury management services including lockbox and positive pay for their members.”

The Curql Collective and Tru Treasury were both formed as CUSOs in 2020.