Southland Credit Union Launches Mobile Cryptocurrency Service Alongside $5 Bitcoin Promotion

Southland is the second Southern California credit union to offer cryptocurrency buying and selling services through NYDIG

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

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The Los Alamitos-based credit union is the second credit union in the Southern California region 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 worth of free bitcoins.

“After successfully launching 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 excited to integrate this technology into our digital banking platform.”

Southland’s mobile app feature offers quick and easy signup, no hidden fees and the convenience of funding bitcoin purchases directly from a Southland account.

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

“NYDIG is excited to partner with Southland’s forward-thinking team,” said Rahm McDaniel, Head of Banking Solutions at NYDIG. “As the Southern California region’s second credit union to launch bitcoin services with NYDIG, this partnership is monumental to wider adoption of bitcoins 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

Southland Credit Union is a multi-billion dollar credit union serving more than 60,000 members in Orange and Los Angeles counties. There are branches 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 uniquely personalized Southland service. For more information, visit https://www.southlandcu.org/digital-banking/cryptocurrency/.

contacts

Matt Herrick

Senior Vice President Marketing & Financial Services

Southland Credit Union

[email protected]
562-936-8713

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