Re:Dwolla: transactions under $10 are free
by thinkcomp on Thursday December 01, 2011 @02:41PM
(#3301121)
http://www.themembersgroup.com/news/dwolla-investment-announ...
"About The Veridian Group The Veridian Group is a wholly-owned subsidiary of Veridian Credit Union, based in Waterloo, Iowa. As a credit union service organization (CUSO), The Veridian Group is committed to providing valuable financial services to credit unions and credit union members."
The distinction between a "credit union" and a CUSO matters. If the credit union is extending its charter to cover Dwolla, Inc., then that makes a big difference in terms of regulatory implications. As far as I can tell, The Veridian Group, Inc. (which does not have a charter) has invested in Dwolla, Inc., and Veridian Credit Union (which does have a charter) owns The Veridian Group, Inc.
http://www.chubbybrain.com/companies/dwolla/investors-fundin...
https://www.veridiancu.org/
http://kb.veridiancu.org/veridiancu/consumer/kbdetail.asp?kb...