We’re back with Part 2 of our conversation with Becky Reed, COO at BankSocial. In this episode, Becky maps out the future of lending—from smart contracts and stablecoin-powered car loans to how DAOs could change underwriting and credit union governance. She also shares how boards can (and should) engage with these technologies, why waiting isn’t a strategy, and what the credit union system might look like in 2030.

Key Takeaways:

00:00

Becky walks through a real-world example of how lending could work end-to-end using blockchain, smart contracts, and stablecoin—starting with a member buying a car.

05:16

"Replacing trust with truth": Becky explains how blockchain transparency removes intermediaries and why BankSocial is non-custodial by design.

08:53

What if credit unions became DAOs? Becky describes how token-based governance could reshape underwriting, credit committees, and data sharing.

12:10

Talking tech with your board doesn’t mean teaching blockchain. Becky shares how to frame stablecoin as a payment rail they already understand.

15:27

Planning season? Becky offers advice on how credit unions can realistically begin exploring crypto, stablecoin, and digital rails, with emphasis on education and execution.

18:12

Why “waiting to see what happens” is risky. Becky explains the danger of sitting back while others define the future.

19:50

Becky’s vision for 2030: a grassroots financial renaissance, where DAOs and digital-native credit unions serve tight-knit communities.

20:55

The best podcast question she’s ever been asked? Listen to hear what it is.

Resources Mentioned:

BankSocial: https://web.banksocial.io/

LendKey: https://www.lendkey.com/

Thanks for listening to the 22 Minutes in Lending podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show and be sure to subscribe so you never miss another insightful conversation.

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