Why the NCUA should give credit unions a sandbox

Ankur Patel interviews Jason Stverak, Chief Advocacy Officer at the Defense Credit Union Council.<br /><br />📩 Subscribe to the Main Street AI Newsletter: https://multimodal.beehiiv.com/subscribe?utm_source=podcast&amp;utm_medium=description&amp;utm_campaign=podcast<br /><br />DCUC is the 63-year-old trade association for the 200-plus credit unions serving the U.S. military, holding $525 billion in assets for more than 40 million members. Jason argues that with 4,200 credit unions left from north of 10,000 fifteen years ago, the small ones survive AI by pooling through CUSOs, deliberately targeting a B instead of an A-plus, and getting the NCUA to hand them a sandbox rather than a rulebook.<br /><br />Guest: Jason Stverak, Chief Advocacy Officer, Defense Credit Union Council<br />Host: Ankur Patel, CEO &amp; Founder, Multimodal<br /><br />0:00 Introduction: Meet Jason<br />0:55 What DCUC is<br />2:38 CU Unplugged<br />4:44 Consolidate or die<br />8:40 Credit unions as the AI proving ground<br />11:31 The volunteer board pushes the agenda<br />13:22 Automation and the member relationship<br />15:02 Finding the dollars for software<br />18:35 AI was supposed to democratize<br />20:20 We need a B, not an A plus<br />23:28 The case for an NCUA sandbox<br />25:56 The regulator as matchmaker<br />27:30 What Jason is protecting<br />29:02 Closing