ENDWELL, N.Y.–Visions FCU has become the latest credit union to offer members the ability to buy, hold and sell Bitcoin.
The $5.6-billion Visions FCU has partnered with NYDIG to offer the digital platform that allows members to manage their digital assets, in addition traditional holdings.
As CUToday.info reported earlier, NYDIG has also partnered with UNIFY Financial Credit Union and Idaho Central CU to offer a similar solution, as well as with Fiserv on a Bitcoin offering.
The feature is only accessible to Visions members through Visions’ online and mobile banking channels, according to the credit union.
“We set out to make investing in Bitcoin both safe and convenient for our members,” Thomas Novak, Visions’ vice president/chief digital officer, said in a statement. “Consumers have spoken, and it’s clear they want to buy, sell, and hold Bitcoin through trusted and regulated financial institutions like Visions.”
‘Uniquely Positioned’
Novak described credit unions as being “uniquely positioned” to provide ongoing education to members about emerging technologies and currencies, “so they can make informed financial decisions.”
Visions FCU will introduce additional digital asset services in the coming years, according to Novak, who manages the digital banking platform, as it has set a goal of being “digital-first organization empowering people towards financial independence.”