PORTSMOUTH, N.H., — Service Credit Union said it has launched Service Ventures, a CUSO what will make investments on behalf of the credit union with an objective of allowing the credit union to “drive its mission of improving members’ financial well-being while also helping their experience.”
“Service Ventures invests in solutions that empower credit unions to deliver exceptional member experiences,” the credit union said in a statement. “The firm seeks partnerships with startups that share a commitment to enhancing service, accessibility, and operational excellence across the credit union landscape.”
According to the $6-billion Service Credit Union, Service Ventures has already made investments in several innovative companies, including member engagement platform Larky, deposit management solution Modern FI CUSO, conversational AI assistant Posh AI, and wealth technology company WealthCabinet.
‘Next Generation of Companies’
Service Ventures is led by General Partner Brian Regan. Before joining Service Ventures in 2024, Regan co-founded Strake, a cloud optimization company, and prior to that he worked for VMWare’s Security Business Unit, where he focused on mergers and acquisitions, partnerships, and business planning initiatives, Service CU said.
“Service Ventures will fuel the next generation of companies that help credit unions better serve their members,” Regan said in a statement. “We’re focused on ethical, member-first solutions and are excited to bring visionary founders into the fold of opportunity within the cooperative banking space.”
Information in its investment portfolio can be found here: service.vc/portfolio
