A Credit Union is a type of Financial Cooperative that can accept deposits that will be insured by the NCUA. We are seeking to form a credit union that will facilitate faster on-ramp and off-ramp of tokens with fiat. These services, either student or community led will enhance the blockchain future.

Phractional will establish a service branch to credit unions. Credit unions may only invest or make a loan to CUSOs that primarily serve credit unions and credit union members and that perform a permitted service. The permitted services fall into several categories which are delineated in the regulation and include checking and currency services, clerical, professional and management services, business loan origination, consumer mortgage origination, electronic transaction services, financial counseling services, fixed asset services, insurance brokerage or agency, leasing, loan support services, record retention, security and disaster recovery services, securities brokerage services, student loan origination, trust agency services, real estate brokerage services, credit card loan origination, and payroll processing services.