LOS ALAMITOS, Calif.–Southland Credit Union is now offering members the opportunity to buy and sell cryptocurrency, and is introducing the solution with a $5 bitcoin promotion.
The credit union has partnered with NYDIG to offer the service to members.
“Through a fully integrated digital banking mobile app feature, Southland Credit Union members can now buy, sell and hold bitcoin in a secure digital asset account,” the credit union said.
Second in SoCal
Southland CU has become the second credit union in Southern California to offer the crypto service, following UNIFY Financial, as CUToday.info reported here.
To celebrate the rollout of the new cryptocurrency feature, Southland members that enroll before Oct. 18 will receive $5 in free bitcoin.
“After the successful launch of our enhanced digital banking services in 2021, Southland made a commitment to continue delivering cutting-edge technologies to our Members,” said Southland President and CEO Tom Lent. “Credit unions like Southland have an opportunity to provide safe and accessible cryptocurrency services to our members, and we are excited to integrate this technology into our digital banking platform.”
‘Quick & Easy’
According to Southland CU, its cryptocurrency mobile app will offer quick and easy enrollment, 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 in the credit union’s mobile app, Southland intends to explore ways to expand its cryptocurrency offerings in the future,” the credit union reported.
Southland said its digital banking provider, Alkami, has also partnered with NYDIG to facilitate the delivery of the mobile feature to app users.
The $1-billion Southland CU has more than 60,000 members.