The Data Exchange Cooperative
Bigger Data, Better Outcomes
Credit Unions own the data exchange and govern through a cooperative model
The Solution
A Credit Union Data Exchange
Credit Unions own the data exchange and govern through a cooperative model
Credit Unions define standards for data governance, data privacy and security, and data use through Exchange Councils
Credit Unions drive the exchange roadmap
Credit Unions participate by sharing a rich, anonymized and analytically valuable data set
Each Credit Union decides what data to share and with who
Trellance funds and builds the data exchange based on the specs defined by the Exchange Councils
The Data Exchange Cooperative
How to be Involved
Founding Members
Filled Governance of the Cooperative which owns the technology and has oversight of the Councils
- Credit Unions & Industry Partners can invest in the Cooperative
- Board seats will be available to investors
- Initial investment includes 1 council seat
- Returns will be shared with investors pro rata
Investors
Invest in the Cooperative which owns the technology and has oversight of the Councils
- Credit Unions can invest in the Cooperative
- Returns will be shared with investors pro rata
Councils
Identify applicable use cases and define the standards
- Research & Innovation Council
- Data Privacy, Risk & Compliance Council
- Data Governance Council
- $2,500 annually for council seat
Exchange Participants
Provide data to the exchange for access
- Share data per Council specifications
- Access granted per Council specifications
- Credit Union data contributors receive benefits of cooperative membership which includes:
- Pro rata returns
- Cooperative governance per bylaws
