How CUSOs Let Credit Unions Compete on AI
About this episode
Ankur Patel interviews Randy Salser about how CUSOs empower credit unions to compete in AI and stablecoin markets.
Ankur Patel interviews Randy Salser, President & CEO of NACUSO. 📩 Subscribe to the Main Street AI Newsletter: https://multimodal.beehiiv.com/subscribe?utm_source=podcast&utm_medium=description&utm_campaign=podcast Randy explains how the CUSO model empowers credit unions to compete on AI and stablecoin — how shared service organizations give a $500M institution a seat at the table next to JPMorgan, why the arbitrary 1% investment capital cap is the fight on Capitol Hill, and why AI adoption is a culture project led from the executive suite, not an IT project. Guest: Randy Salser, President & CEO, NACUSO Host: Ankur Patel, CEO & Founder, Multimodal 0:00 Introduction: Meet Randy 0:44 How Randy ended up running NACUSO 2:10 Mapping the credit union, CUSO, and NACUSO model 5:09 How CUSOs work and the seat at the table they buy 10:34 Legacy tech stacks and the integration problem 12:51 The friction NACUSO is trying to solve: the 1% cap 13:51 Stablecoin, the Genius Act, and the capital cap fight 16:35 Why advocacy matters for small credit unions 18:38 What's actually blocking credit unions on AI 26:24 Why stablecoin has to flow through CUSOs 29:22 The cultural move…
Topics covered
- credit unions
- CUSO model
- AI competition
- stablecoin
- advocacy
- financial technology
More episodes of Main Street AI
- How Community Banks Should Adopt AI
- Building AI That Credit Unions Actually Trust
- Why the 2nd Biggest Credit Union Is Conservative on AI
- What Lawyers See Before Credit Union AI Deals Go Wrong
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