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.
