Blockchain CUSO CULedger Joins WOCCU

The World Council of Credit Unions board of directors has unanimously approved CULedger, a U.S.-based credit union service organization, for WOCCU membership.

“We are pleased to welcome CULedger to our membership base, encourage their active participation to expand services provided to members and strengthen the global credit union movement,” World Council President and CEO Brian Branch said in a statement.

CULedger, which was founded by CUNA Strategic Services and Credit Union Strategic Partners, with coordination from CUNA, the Mountain West CU Association and Best Innovation Group, was formed to provide blockchain, identity and digital services to credit unions around the world. Its membership continues to grow, with PSCU, the world’s largest CUSO, announcing its membership last week during the group’s 2018 Member Forum in St. Louis.

World Council noted that CULedger has “successfully demonstrated a working proof of concept around a decentralized digital identification” for call center authentication.

CULedger has also established relationships with Evernym, Sovrin Foundation and Swirlds to “ensure international interoperability” with other digital identity systems.

“We’re honored to join World Council and are very passionate about their mission,” said John Ainsworth, president and CEO of CULedger. “We believe we’re uniquely positioned to help cooperatives stay relevant in the digital ecosystem and look forward to supporting them and their membership.”

CULedger will also participate in World Council’s annual general meeting and the world credit union conference to share updates on blockchain applications with the international membership.

SOURCE: https://www.americanbanker.com/creditunions