Lüt Partners With Frankenmuth Credit Union
FRANKENMUTH, Mich., Feb. 10, 2026 – Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, announced a strategic partnership with Frankenmuth Credit Union to support compliant, cashless payments for licensed cannabis businesses in Michigan. Through the collaboration, Frankenmuth Credit Union will offer Lüt Reserve, Lüt’s closed-loop payment platform, as part of its Envy cannabis banking program.
The partnership brings together Frankenmuth Credit Union’s compliance-forward cannabis banking program, which was developed in partnership with Green Check Verified, and Lüt’s closed-loop payment technology to address one of the industry’s most persistent challenges: reliable, regulator-aligned alternatives to cash. Together, the organizations aim to provide cannabis businesses with a secure way to accept digital payments while delivering a faster, more transparent experience for consumers.
