CHUBBUCK, Idaho–Idaho Central Credit Union has become ethe second CU to announce it will offer bitcoin services to members through NYDIG and the Alkami platform.
“Already a leader in ebranch, mobile, and digital banking, the $7-billion ICCU's partnership with NYDIG will allow Idaho Central members to buy and sell bitcoin within its mobile app and online banking platform,” Plano, Texas-based Alkami said in announcing the new offering.
"ICCU is the fastest-growing credit union in the state of Idaho and one of the best performing credit unions in the country,” said Mark Willden, chief information officer, ICCU. “To maintain that momentum, we want to continue offering new services as part of our digital menu and deliver additional value in support of the financial goals and investment desires of our members. Fully integrated bitcoin services through NYDIG and the Alkami platform takes us to the next level when it comes to the member experience.”
According to Alkami, its partnership with NYDIG, a financial services firm focused on bitcoin, enables financial institutions to seamlessly offer their customers and members bitcoin products and services via a trusted system that meets the highest regulatory standards.
“This helps FIs tackle industry demand for digital currency utilization while at the same time presenting offerings designed to exceed customer and member expectations,” the company said.
Alkami said that through the platform, ICCU can now “empower its members with cutting-edge bitcoin products and solutions—including the ability to buy, hold, sell, and manage bitcoin alongside traditional accounts via a secure, regulated, modular platform that offers a wide range of use cases.”
‘Empowering Our Clients’
"Alkami is dedicated to empowering our clients to stay relevant with the future of finance. That's why we partnered with NYDIG to enable financial institutions to extend bitcoin options to their own users within a trusted, secure solution," added Stephen Bohanon, co-founder and chief strategy and sales officer, Alkami, in a statement. "We are excited to help another financial institution confidently adapt and thrive in the digital banking age."
As CUToday.info reported here in October, Torrance, Calif.-based UNIFY Financial Credit Union said it had become the first CU (and along with one other bank, the first financial institution) to enable its members to buy, sell and hold bitcoin.