Cannabis Banking - Shield Compliance (#5)

04/02/21 • 29 min

Thank you for tuning in to episode 5 of The CUInsight Network, with your host, Randy Smith, co-founder of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought leaders who support the credit union community. We discuss issues and challenges facing credit unions and identify best practices to learn and grow together.

Today, my guest is Tony Repanich, President & COO of Shield Compliance. Tony shares how he actually grew up wanting to be in the financial services industry. He also gives us insight on what credit unions must consider when providing support to cannabis businesses.

Tony discusses how Shield Compliance adds value to the industry by helping credit unions build efficient compliance procedures to serve legalized cannabis organizations. In our chat, Tony goes over the difficulties that credit unions might face when making the decision to serve the cannabis industry and what they can do to mitigate those risks. He expresses that the collaboration between technology and compliance makes onboarding less challenging.

In our conversation, Tony and I chat about how servicing legal cannabis companies can give credit unions a competitive edge over other financial institutions. We discuss the steps a credit union must take to be successful in serving this industry and the evolution of legalization.

From our rapid fire questions we learned that Tony’s most recent purchase has changed the way he does virtual meetings entirely. In his free time, Tony likes to hop on his Peloton and jam out to his pop music playlist. As a Seattle native we were not surprised to find out who Tony thought of when he hears the word ‘success’. Enjoy my conversation with Tony Repanich!

Find the full show notes on cuinsight.com.

How to find Tony:
Tony Repanich, President & COO of Shield Compliance
[email protected]
www.shieldbanking.com
LinkedIn | Facebook

Find the full show notes on cuinsight.com.

How to find Tony:
Tony Repanich, President & COO of Shield Compliance
[email protected]
www.shieldbanking.com
LinkedIn | Facebook

Previous Episode

The Right Data - TransUnion (#4)

Thank you for tuning in to episode 4 of The CUInsight Network, with your host, Randy Smith, co-founder of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought leaders who support the credit union community. We discuss issues and challenges facing credit unions and identify best practices to learn and grow together.

My guest today is Sean Flynn, the Senior Director of Credit Unions at TransUnion. Sean discusses how he wanted to be a Navy pilot when he grew up but ended up in a high school program that put him on the path to financial services plus much more.

Sean shares that TransUnion is a lot more than a credit reporting bureau, now arming credit unions with tools and strategies to create economic opportunities for the members they serve. We discuss how Sean and his team have a personal connection to the mission of credit unions. He believes that, along with member relationships, employing the right data at the right time to make informed recommendations is the secret to credit unions enhancing the digital experience.

Sean discusses the trends he sees in lending and overall financial services and shares that TransUnion is focused on providing credit unions a more holistic picture of the consumer. For credit unions to stay relevant, Sean believes that making time for creative and strategic thinking is critical.

During the rapid-fire questions, we learn Sean is all about comfort, and he shares one recent purchase that was definitely worth it. To clear his mind, Sean loves to ski and cycle. When he thinks of the word success, two very different people come to mind, and you’ll be surprised to find out who they are. Enjoy my conversation with Sean Flynn!

Find the full show notes on cuinsight.com

How to find Sean:
Sean Flynn, Senior Director of Credit Unions at TransUnion
[email protected]
www.transunion.com
LinkedIn | Facebook | Twitter | YouTube | Instagram

Next Episode

Website Conversion - BloomCU (#6)

Thank you for tuning in to episode 6 of The CUInsight Network, with your host, Randy Smith, Co-founder of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought leaders who support the credit union community. We discuss issues and challenges facing credit unions and identify best practices to learn and grow together.

My guest on today’s show is Derik Krauss, Co-founder of BloomCU. Derik shares what he wanted to do growing up and his journey into the credit union industry. He also shares tips on how BloomCU helps credit unions turn leads into lifelong members by optimizing their website with results-driven designs.

Derik discusses the extensive research his team does examining modern design and technology in various industries to assist leaders with enhancing their digital member experience. He believes that credit unions should have an established end goal and use a web platform that can be continuously improved.

Listen in as Derik shares some challenges credit unions face with retaining a younger field of membership and the five conversion steps he uses to mitigate this challenge. In order for credit unions to stay ahead of the curve and have a competitive advantage, Derik explains that the website should always offer value and be easy to navigate.

During the rapid fire questions we learn what Derik loves to do with his family; something many people would enjoy. We also learn about a recent purchase Derik made for his son that he actually uses the most and who he thinks about when he hears the word ‘success.’ Enjoy my conversation with Derik Krauss.

Find the full show notes on cuinsight.com.

Connect with Derik:
Derik Krauss, Co-founder of BloomCU[email protected]www.bloomcu.comLinkedIn | YouTube