PORTSMOUTH, N.H.-- Service Credit Union has launched Service Ventures, an independent investment arm of the $6-billion CU, the credit union announced.
“Service Ventures invests in solutions that empower credit unions to deliver exceptional member experiences. The firm seeks partnerships with startups that share a commitment to enhancing service, accessibility, and operational excellence across the credit union landscape,” the CU said.
In its early stage, Service Ventures has made strategic investments in several companies, including member engagement platform Larky, deposit management solution Modern FI CUSO, conversational AI assistant Posh AI, and wealth technology company WealthCabinet.
Service Ventures is led by General Partner Brian Regan. Before joining Service Ventures in 2024, Regan co-founded Strake, a cloud optimization company.
“Service Ventures will fuel the next generation of companies that help credit unions better serve their members,” Regan said. “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.”