Southland Credit Union launches mobile cryptocurrency service along with $ 5 Bitcoin promotion

Southland is the second credit union in Southern California to offer the purchase and sale of cryptocurrency through NYDIG

LOS ALAMITOS, CALIFORNIA – (BUSINESS WIRE) –# Banking– Southland Credit Union, a billion-dollar credit union, today announced the company’s partnership with NYDIG, a leading bitcoin company. As the latest early user of cryptocurrency services, Southland will be the second credit union in Southern California to offer the purchase and sale of cryptocurrency services. With fully integrated digital banking mobile app functionality, Southland Credit Union members can now buy, sell and store bitcoin in a secure digital asset account.

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The Los Alamitos-based credit union is the second credit union in Southern California to launch cryptocurrency services with NYDIG. To celebrate the rollout of the new cryptocurrency feature, Southland members who sign up before October 18 will receive $ 5 in free bitcoins.

“Following the successful launch of our enhanced digital banking services in 2021, Southland is committed to continuing to deliver cutting-edge technology to our members,” said Southland President and CEO Tom Lent. “Credit unions like Southland have the ability to provide secure and accessible cryptocurrency services to our members, and we are pleased to integrate this technology into our digital banking platform.”

Southland’s cryptocurrency mobile app feature will offer quick and easy sign-up, no hidden fees and the convenience of financing bitcoin purchases directly from a Southland account.

While bitcoin will initially be the only digital currency available to buy and sell in the credit union’s mobile app, Southland intends to explore ways to expand its cryptocurrency offerings in the future. Southland’s digital banking provider Alkami has also partnered with NYDIG to help deliver mobile functionality to app users.

“NYDIG is excited to partner with the forward-thinking team at Southland,” said Rahm McDaniel, Head of Banking Solutions at NYDIG. “As the second credit union in Southern California to launch bitcoin services with NYDIG, this partnership is monumental to broader bitcoin adoption and marks a step closer to NYDIG’s vision of bitcoin for all.”

Southland Credit Union membership is open to anyone who lives, works, worships, or attends school in Los Angeles County or Orange County, California.

About Southland Credit Union

The Southland Credit Union is a billion-dollar credit union serving more than 60,000 members in the counties of Orange and Los Angeles. Branches are in Long Beach, Los Alamitos, Downey, Carson, Santa Monica, St. John’s Health Center and the Los Angeles Federal Building in downtown Los Angeles.

Operating as a not-for-profit financial cooperative, Southland is committed to providing its members with exceptional, comprehensive and innovative financial solutions, delivered with a unique personalized Southland service. For more information, visit https://www.southlandcu.org/digital-banking/cryptocurrency/.

contacts

Matt Herrick

SVP Marketing & Financial Services

Southland Credit Union

[email protected]
562-936-8713

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