The Maven Federal Credit Union (MFCU) & GBA make blockchain history

The Maven Federal Credit Union (MFCU), the first blockchain-based credit union, is being established and sponsored by the Government Blockchain Association (GBA) designating the field of membership be GBA members. Takeaways The Federal Credit Union Act is ideal for blockchain-based financial systems Credit unions exist outside the banking and the SEC jurisdiction Credit unions are managed via consensus of members Blockchain-based credit unions run on an app, making them ubiquitous The purpose of the Federal Credit Union Act of 1934 was to make credit available to all Americans and promote