GLASTONBURRY, Conn.--Payrailz has added four credit unions to its credit union sponsored payments CUSO, CU Railz, the company announced.
Unify Financial Credit Union in Torrance, Calif.; Evansville Teachers Federal Credit Union in Evansville, Ind.; Pen Air Federal Credit Union in Pensacola, Fla., and Nusenda Credit Union in Albuquerque, N.M. are the most recent investors to the CUSO. These four credit unions will join the existing six founding members in partnering with Payrailz to develop new, innovative technologies and experiences for their members that will revolutionize and strengthen their digital relationships, the company said.
“The opportunity to partner with CU Railz provides our members with a state-of-the-art, real-time delivery solution for Bill Pay, A2A, P2P, as well as new account funding,” said Bill Schirmer, president and CEO of Evansville Teachers Federal Credit Union. “CU Railz offers the knowledge and skill set we desired in providing our members a progressive and contemporary real-time digital experience.”
Launched in August of 2019, the formation of CU Railz came out of a working relationship with established CUSOs Members Development Company (MDC) and Constellation Digital Partners, which are both now partners of Payrailz.
“The ongoing interest and continuous growth CU Railz has experienced in these first six months has been incredible and truly showcases the industry’s need for credit union led innovation,” said Fran Duggan, CEO of Payrailz. “CU Railz is making a difference by giving credit unions a voice in the technologies so instrumental in their success in the banking world. Through the formation of CU Railz, credit unions have a way to control their future by offering the most innovative payment technologies and experiences to their members.”