Innovation

Fuse intros fund for credit unions to exit legacy vendor contracts

Photo: Adobe Stock

March 27, 2026

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Fuse, an AI loan origination and account opening platform, recently launched the Fuse Rescue Fund, a $5 million initiative designed to help credit unions exit restrictive contracts with legacy technology vendors, according to a press release.

The program will offer the first 50 qualifying credit unions full use of the Fuse platform free of charge until their current legacy contracts expire. Following the transition, institutions will move to a flat-fee annual subscription model starting at $100,000 or $50,000 for smaller entities with no fees.

Fuse co-founder Andres Klaric said in the release that the fund aims to bridge the "velocity gap" between traditional credit unions and fintech competitors. While fintechs have grown to nearly 40% of the loan market share in five years, legacy vendors often hinder credit unions with high configuration tolls and restricted data access.

"Legacy platforms create a widening gap between what members expect and what the system can deliver," Klaric said. "We don't get paid to lock you in; we get paid to automate your work."

The Fuse Rescue Fund is limited to 50 credit unions.