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Redwood Credit Union wins NACHA payment award

RCU receives award for RCUpay—a person-to-person payment application

SANTA ROSA, CA (May 25, 2018) — Redwood Credit Union (RCU) has won an award for RCUpay from NACHA, the Electronic Payments Association®, which celebrates proven accomplishment and leadership in the payments industry and recognizes innovations defining the future.

RCUpay is a mobile-first solution that allows customers to send money to anyone in the U.S. via email or text. Competing with person-to-person (P2P) players such as Venmo and PayPal, RCUpay sets itself apart by streamlining payments in real-time between members. RCUpay also foregoes the burdensome registration process common with other P2P services to claim funds.

“Receiving an award from NACHA, which sets payment standards nationally, is very exciting,” said Todd Lindemann, SVP Payments. “We wanted to offer our members a system that was free, fast, simple to utilize and secure, which they could rely on completely. Receiving this award from NACHA helps to validate that we did our job well.”

Chief operating officer of NACHA, Jane Larimer, reported, “We are proud to recognize Team Redwood as a well-deserving recipient of the 2018 NACHA Payments Awards. This is an incredible group of award winners who stood out for their accomplishments, leadership and for continuing to push the boundaries of innovation in the payments industry.”

Walt Cox, AVP Payments, Redwood Credit Union, receives award from NACHA, The Electronic Payments Association


About Redwood Credit Union

Founded in 1950, Redwood Credit Union is a full-service financial institution providing personal and business banking to consumers and businesses in the North Bay and San Francisco. With a mission to passionately serve the best interests of its Members, team members, and communities, RCU delivers many ways for its Members to save and build money through checking and savings accounts, auto and home loans, credit cards, digital banking, business services, commercial and SBA lending, and more. Wealth management and investment services are available through CUSO Financial Services L.P., and insurance and auto-purchasing services are also offered through RCU Services Group (RCU’s wholly owned subsidiary). RCU has more than $8.5 billion in assets and serves more than 465,000 members with full-service branches from San Francisco to Ukiah. For more information, call 1 (800) 479-7928, visit redwoodcu.org, or follow RCU on FacebookInstagramX, and LinkedIn for news and updates.

Contacts

Redwood Credit Union Public Relations Department
(707) 576-5224 / PR@redwoodcu.org
www.redwoodcu.org

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