Clutch partners with Dakota Credit Union Association to revolutionize consumer banking

BISMARCK, ND (May 3, 2024)Clutch, a leading fintech platform specializing in omni-channel consumer loan and deposit account opening solutions exclusively for credit unions, proudly announces its strategic partnership with the Dakota Credit Union Association (DakCU). 

Clutch is a Credit Union Service Organization (CUSO) that boasts a robust portfolio of more than 110 clients. They specialize in transforming credit unions into forward-thinking FinTechs, utilizing their solid financial foundations to provide responsible lending and deposit account creation for millions across America. 

Clutch has garnered significant investment from distinguished entities such as TruStage Ventures, Andreessen Horowitz, and Curql. Founded by Nicholas Hinrichsen and Chris Coleman, both Stanford Business School alumni with a proven track record of success, Clutch is uniquely positioned to drive credit unions towards digital transformation while upholding the industry’s core values of “people helping people.”

Brian Kaas, President and Managing Director of TruStage Ventures, emphasized the transformative potential of this partnership. “TruStage Ventures is committed to bringing innovative solutions to credit unions that complement the breadth of solutions offered by TruStage.”

Nicholas Hinrichsen, CEO of Clutch, added, “This partnership marks a significant milestone in our mission to revolutionize consumer banking for credit unions, and we are thrilled to join forces with the Dakota Credit Union Association to further our commitment to empowering credit unions and their members.”

DakCU’s President/CEO, Jeff Olson, also expressed enthusiasm about the partnership, stating, “With Clutch’s innovative platform, credit unions gain access to cutting-edge technology aimed at enhancing member experiences while streamlining operations. Leveraging its expertise and collaborative approach, Clutch empowers credit unions to fulfill their digital aspirations and better serve their members in today’s rapidly evolving financial landscape.” 

With Clutch’s state-of-the-art platform, credit unions can efficiently identify and address members’ financial needs, ultimately enhancing member satisfaction and loyalty. By embracing digital innovation, credit unions can stay ahead in today’s competitive landscape while staying true to their mission of empowering communities.

For more information about Clutch and its partnership with credit union leagues, please visit or contact George McDonald, DakCU’s Chief Officer of Strategic Services. 

About Dakota Credit Union Association (DakCU)

The Dakota Credit Union Association (DakCU) is the professional financial trade association serving 64 credit unions that employ nearly 2,400 individuals across the Dakotas. With more than 536,000 members in North and South Dakota, Dakota credit unions have assets exceeding $10.8 billion. In our mission to help credit unions succeed, DakCU plays a key role in growing membership and helping to provide service excellence to members from offices in Bismarck, ND and Sioux Falls, SD. For more information visit our website.  


Shawn Marie Brummer
Communications & Media Specialist
Dakota Credit Union Association
1-800-279-6328, ext. 966 or 701-220-2200

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