CU 2.0 Podcast Episode 346 Seth Brickman on NACUSO, Small Business Lending and Ranqx

Quick now, what is NACUSO?

Of course that’s the National Association of Credit Union Service Organizations  - and CUSOs just may be the credit union secret power.  

On the show today is Seth Brickman, former CEO of QCash and now president of Ranqx, a powerful tool that can gather the necessary financial info from a wouldbe borrower, analyze and issue a verdict on a business loan application in a matter of minutes.  

A typical credit union would take a couple weeks to get to that verdict - which, by the way, is “no” in two out of three cases.

Brickman is a credit union true believer and he especially believes that credit unions have the pole position in lending to small businesses in their community - if they also have the right tools and process automation.

On the show Brickman tells how Ranqx works - and it is already working at credit unions including MSU Federal Credit Union and also at CUSOs.

Which brings us back to the question that opens the show: Does NACUSO matter?

Brickman  has a passionate answer and - spoiler alert - probably you can guess it.

Listen up.

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Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto