Curql, GreenState, and Veridian Partner with ModernFi CUSO to Keep Capital Within the Credit Union Movement
Curql deploys capital through GreenState and Veridian credit unions using ModernFi CUSO's
platform—bringing fintech investment full circle within the credit union system.
More than 65 credit unions—17 of them Curql investors—have already embraced the technology and are reciprocating deposits through the platform, reinforcing a systemwide movement to keep capital circulating within the credit union ecosystem.
Des Moines, Iowa (June 24, 2025) – Curql, a collective of credit unions investing together in fintech, announced today that it has strategically placed capital through GreenState CU and Veridian Credit Union using ModernFi CUSO’s reciprocal deposit platform. This directly supports Curql’s goal: investing in fintech that returns real benefits to credit unions and their members.
ModernFi CUSO, the first company backed by Curql Fund II, enables credit unions to further attract and retain large-value members such as businesses and municipalities, reduce reliance on rate, and support long-term member relationships—critical functionality in today’s dynamic rate and liquidity
environment.
“This is a proof point,” said Nick Evens, CEO of Curql Collective. “We don’t
just invest in fintech—our credit unions use it. By placing capital through
Veridian and GreenState using ModernFi CUSO, we’re putting our money
where our mission is: supporting credit unions through real, usable
innovation.”
Craig Ibsen, Managing Partner of Curql Fund, added: “Curql Fund II exists
to strategically deploy credit union capital into fintech that delivers
measurable value. ModernFi CUSO is a great example—designed for the
industry, backed by the industry, and now actively used within it to
manage real dollars.”
Kathy Courtney, COO at GreenState Credit Union, shared: “We’re proud
to be a part of this. It’s a smart liquidity strategy, but it’s also about
alignment—deploying capital in a way that reinforces the credit union
system as a whole.”
Keith Mesch, CFO at Veridian Credit Union said, “Our partnership with
ModernFi CUSO allows us to help enhance financial security and support
for our members, peer credit unions and the credit union industry as a
whole. It’s a testament to the cooperative nature of the credit union
movement, and we’re excited to be a part of it.
This deployment highlights how credit unions can both power and benefit from fintech innovation—keeping capital circulating within the cooperative system while driving returns, flexibility, and security.
To learn more about Curql’s investments and ecosystem, visit www.curql.com.
About Curql Collective Curql, a collective of credit unions jointly investing in fintech, is the nation's leading credit union fintech ecosystem. With over 130 progressive credit unions and approximately 50 fintech partnerships, Curql drives transformative solutions within the credit union movement—by credit unions, for credit unions. Through Curql Fund I, Curql Fund II, and Curql Accelerate, Curql fuels innovation, ensuring credit unions remain competitive and relevant. Learn more at www.curql.com.
About Veridian Credit Union Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a financial cooperative owned by its members. The credit union offers a full range of business and consumer financial services with more than 1,000 employees and 32 branches across Iowa, eastern Nebraska and the Twin Cities metro area. For more information, visit veridiancu.org.
About GreenState Credit Union Established in 1938, GreenState has grown to be one of the nation’s largest credit unions and a top performing financial institution for returning profits back to members in the form of better rates and lower fees. Visit www.greenstate.org for more information.
About ModernFi CUSO ModernFi CUSO empowers credit unions of all sizes to better serve their communities. Through ModernFi CUSO, credit unions can grow, retain, and manage their deposit base by sourcing deposits, sweeping funds, and providing additional security to depositors. Founded by a team of veterans from technology and finance, the firm provides financial institutions with end-to-end deposit management built on a modern tech stack and a foundation of compliance. Learn more at modernfi.com/cuso