DETROIT— The newly formed CUSO known as CUSOEdge said it is making a significant investment in Hush, a digital privacy and security platform protecting individuals from identity theft, fraud and online harassment.
CUSOEdge’s creation was announced in late May. It is backed by five credit unions and Momentum Strategies LLC and is led by longtime Michigan Credit Union League President Dave Adams.
According to CUSOEdge, the investment is being led by Community Choice Credit Union and Team One Credit Union and “represents the largest known credit union investment in digital privacy and security.”
“The partnership will enable participating credit unions to deliver Hush’s platform directly to members, proactively removing personal data from data brokers, reducing exposure to scams and impersonation, and delivering fraud and identity-risk alerts,” CUSOEdge said in a statement. “Future integrations may bring in-app enrollment and alerts directly into credit union mobile banking platforms.”
More Than $12 Billion in Fraud
The CUSO noted that in 2024, U.S. consumers reported more than $12.5 billion in fraud losses. For financial institutions, every $1 of fraud ultimately costs $4.41 when operational, legal and recovery expenses are included.
‘Privacy and Security Are Essential’
“CUSOEdge was created to empower credit unions to lead together in innovation and member protection,” Adams said in a statement. “This investment in Hush reflects the collaborative strength of credit unions and underscores that privacy and security are now essential to financial well-being.”
