Nymbus receives $ 20 million from Vystar Credit Union for the new CUSO

Nymbus has secured a $ 20 million investment from Vystar Credit Union for its newly established Credit Union Service Organization (CUSO).

Nymbus started its CUSO in March. The core banking provider hopes that it will open up new sources of income for credit unions, which are “under pressure to innovate”.

Vystar CU, one of the largest credit unions in the United States, is investing $ 20 million in new CUSO

CUSOs are unique entities under US law. They allow groups of credit unions to invest in innovation …

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