Des Moines, IA (June 24, 2025) |
Curql, a collective of credit unions investing together in fintech, announced today that it has strategically placed capital through GreenState CU and Veridian Credit Union using ModernFi CUSO’s reciprocal deposit platform. This directly supports Curql’s goal: investing in fintech that returns real benefits to credit unions and their members.
More than 65 credit unions—17 of them Curql investors—have already embraced the technology and are reciprocating deposits through the platform, reinforcing a systemwide movement to keep capital circulating within the credit union ecosystem.
ModernFi CUSO, the first company backed by Curql Fund II, enables credit unions to further attract and retain large-value members such as businesses and municipalities, reduce reliance on rate, and support long-term member relationships—critical functionality in today’s dynamic rate and liquidity environment.
“This is a proof point,” said Nick Evens, CEO of Curql Collective. “We don’t just invest in fintech—our credit unions use it. By placing capital through Veridian and GreenState using ModernFi CUSO, we’re putting our money where our mission is: supporting credit unions through real, usable innovation.”
Craig Ibsen, Managing Partner of Curql Fund, added: “Curql Fund II exists to strategically deploy credit union capital into fintech that delivers measurable value. ModernFi CUSO is a great example—designed for the industry, backed by the industry, and now actively used within it to manage real dollars.”
Kathy Courtney, COO at GreenState Credit Union, shared: “We’re proud to be a part of this. It’s a smart liquidity strategy, but it’s also about alignment— deploying capital in a way that reinforces the credit union system as a whole.”
Keith Mesch, CFO at Veridian Credit Union said, “Our partnership with ModernFi CUSO allows us to help enhance financial security and support for our members, peer credit unions and the credit union industry as a whole. It’s a testament to the cooperative nature of the credit union movement, and we’re excited to be a part of it.”
This deployment highlights how credit unions can both power and benefit from fintech innovation—keeping capital circulating within the cooperative system while driving returns, flexibility, and security.
To learn more about Curql’s investments and ecosystem, visit www.curql.com