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NAFCU Joins Enterprise Ethereum Alliance

NAFCU now a part of two global blockchain initiatives

Washington (December 07, 2017)– The National Association of Federally-Insured Credit Unions (NAFCU) today announced it has joined Enterprise Ethereum Alliance (EEA), an industry-supported, not-for-profit established to build, promote and broadly back Ethereum-based technology best practices, openstandardsand open-source reference architectures. NAFCU is the first non-profit financial services trade association to join EEA.

"NAFCU is pleased to be invited to join Enterprise Ethereum Alliance and we look forward to contributing to one of the world's leading blockchain technology initiatives," said NAFCU President and CEO Dan Berger. "With this new partnership, NAFCU hopes to bring critical knowledge of blockchain technology to the credit union industry and create an innovative environment where NAFCU members can inform technology firms of what credit unions need most."

Established in February, EEA's members include more than 300 organizations in technology, financial services, government, healthcare, energy, pharmaceuticals, and a number of fast-growing Ethereum startups. Several of the largest companies in the world who are also EEA members include Microsoft, Intel, Samsung and Accenture.

NAFCU's Cybersecurity and Payments Committee will also engage with EEA to discuss ways for credit unions to get directly involved with the blockchain community.

Earlier this year, NAFCU became the first financial trade organization in the U.S. to join Hyperledger, an open-source,globalcollaborationeffort to advance cross-industry blockchain technologies hosted by The Linux Foundation.

About Enterprise Ethereum Alliance

The Enterprise Ethereum Alliance (EEA) is the world's largest open-source blockchaininitiative and offers the most industry-focused, member-driven Working Groups. ​ It is an industry-supported, not-for-profit established to build, promote, and broadly support Ethereum-based technology best practices, open standards, and open-source reference architectures. EEA is helping to evolve Ethereum into an enterprise-grade technology, providing research and development in a range of areas, including privacy, confidentiality, scalability, and security. EEA's membership represents a wide variety of business sectors from every region of the world, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance, as well as a number of fast-growing Ethereum startups.

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The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation's federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go towww.nafcu.orgor@NAFCUon Twitter.

Jacqueline Ramsay
jramsay@nafcu.org