CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » PODCAST: Are CUs ready to partner with fintech?
Technology Podcast

PODCAST: Are CUs ready to partner with fintech?

CUs have been leery of the fintech sector in the past.

January 13, 2017
No Comments
Jonathan Mills Patrick

Was 2016 the year credit unions came around to the idea of partnering with fintech companies?

Not quite, Jonathan Mills Patrick, Jack Henry & Associates’ strategic & innovation analyst and advisor, tells the CUNA News Podcast. But whereas credit unions often viewed financial technology firms as rivals, many now entertain the idea of working with them.

“More credit unions are becoming interested in the fintech space," he says. "They're very aware of it. They're sort of monitoring what's going on, looking for use cases, who's doing it, who isn't, and what are the success stories.”

Some credit unions have already entered partnerships and others are investigating where fintech firms can augment the services they offer, says Patrick.

“We're seeing less talk of this idea of ‘disruptors’ and more talk of the idea of partnering,” he says. “But there still is some apprehension.”

Prior to his work as a consultant, Patrick was the senior vice president and chief lending officer for UT Federal Credit Union in Knoxville, Tenn.

While working at UT Federal in 2014, Credit Union Magazine named him a Credit Union Rock Star for developing a successful program to fund startup business ventures.

KEYWORDS fintech podcast

Post a comment to this article

Report Abusive Comment

Credit Union Magazine: Winter 2022

Winter 2022

Credit Union Magazine’s Winter 2022 issue highlights data-driven marketing, the board’s role in cybersecurity, elder abuse scams, credit unions’ auto lending advantage, and more.
Digital Edition •  Subscribe

Trending

  • CFPB issues CUNA-opposed proposal on credit card late fees

  • Celebrating the legacy of Black leaders

  • Auto lending report shows significant credit union member savings

Tweets by CUNA_News

Polls

Vote for the 2023 CU Hero of the Year

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us