Why the NCUA should give credit unions a sandbox

Ankur Patel interviews Jason Stverak, Chief Advocacy Officer at the Defense Credit Union Council.📩 Subscribe to the Main Street AI Newsletter: https://multimodal.beehiiv.com/subscribe?utm_source=podcast&utm_medium=description&utm_campaign=podcastDCUC 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.Guest: Jason Stverak, Chief Advocacy Officer, Defense Credit Union CouncilHost: Ankur Patel, CEO & Founder, Multimodal0:00 Introduction: Meet Jason0:55 What DCUC is2:38 CU Unplugged4:44 Consolidate or die8:40 Credit unions as the AI proving ground11:31 The volunteer board pushes the agenda13:22 Automation and the member relationship15:02 Finding the dollars for software18:35 AI was supposed to democratize20:20 We need a B, not an A plus23:28 The case for an NCUA sandbox25:56 The regulator as matchmaker27:30 What Jason is protecting29:02 Closing