OCCU Selects LucidTrust to Power Enterprise AI Governance and Risk Management
LucidTrust will provide OCCU with the enterprise-wide visibility, governance, and audit-ready evidence needed to manage AI risk and support evolving regulatory expectations.
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OCCU has selected LucidTrust, an AI governance platform purpose-built for financial institutions, to support its enterprise AI governance and risk management program. The partnership gives OCCU a centralized system to inventory, monitor, and govern AI use across the credit union, from internally built assistants to third-party vendors introducing AI capabilities.
AI is reshaping financial services. Credit unions and banks are adopting internally developed assistants, machine learning models, and AI-enabled vendor software faster than governance frameworks can keep pace. That gap creates a new set of questions institutions must answer: where AI is being used, who owns it, how it is monitored, and how it aligns with regulatory expectations and internal risk practices.
"AI presents tremendous opportunities to better serve our members and improve operations, but it also requires thoughtful governance," said Matthew Wilson, SVP Risk & Administration at OCCU. "We wanted a partner and platform built specifically for the financial services industry that could help us establish visibility, accountability, and oversight as our AI program continues to evolve."
LucidTrust gives OCCU a centralized system to:
Inventory AI use across the enterprise
Govern AI use cases, models, and agents
Monitor third-party AI vendors on an ongoing basis for changes
"We're honored that OCCU selected LucidTrust to support its AI governance program," said Dominick Campagna, Founder & CEO of LucidTrust. "Financial institutions don't need less AI, they need better visibility and governance. Our mission is to help organizations embrace AI with confidence by providing the oversight and evidence needed for responsible adoption."
About LucidTrust
LucidTrust is the system of record for AI governance. The company helps regulated organizations build defensible, audit-ready AI governance programs with greater visibility, consistency, and control. The LucidTrust platform enables teams to inventory and assess AI systems, manage risk reviews and approvals, monitor change, and maintain the evidence needed for oversight and audits. LucidTrust serves financial institutions, mortgage lenders, banks, credit unions, fintechs, and other organizations operating in highly regulated environments. Learn more at www.lucidtrust.ai.
About OCCU
OCCU is a not-for-profit financial cooperative with more than $3.5 billion in assets. The credit union was founded in Eugene, Oregon, in 1956 and remains headquartered there. OCCU has an expanding network of branches and digital tools to provide its more than 300,000 member-owners with a full suite of financial products and services. Learn more at MyOCCU.org.
