Finding the right fintech partner can allow credit unions to maximize growth and fuel innovation, says Ben Maxim, chief operating officer at Reseda Group, a credit union service organization formed by $7.4 billion asset Michigan State University Federal Credit Union in East Lansing.
"We’re creating an ecosystem of partners that work together to help credit unions try things at any scale,” he says. “We work with $50 million credit unions and $20 billion credit unions. We have solutions for everyone.”
In this episode of the CUNA News Podcast, sponsored by Reseda Group, Maxim shares how fintech partnerships foster growth, factors to consider when selecting a partner, keys to running a successful pilot program, and more.
In this episode:
1:30: What’s Reseda Group?
2:46: A portfolio of partners
5:57: The need to educate young adults
6:52: Foster growth with the right fintech partner
10:10: Prioritize innovation
13:40: The power of partnerships
15:27: A checklist when considering partnerships
17:18: Running a successful pilot program
19:43: Setting goals for pilot programs
21:44: Make the leap from pilot to partnership
23:48: Elements of a true partnership
25:34: Closing thoughts