MADISON, Wis. – US Federal Credit Union recently became the 227th credit union to join the World Council of Credit Unions' International Remittance Network (IRnet). The credit union is also the second in Minnesota to join the four-year old network that allows immigrant workers to make remittances to their families back home, said WOCCU President/CEO Arthur Arnold. "We feel that there is a great need for IRnet, especially because our credit union is becoming much more global in our outreach," said William Raker, president/CEO of US Federal. Raker said the credit union has immigrant members "that need a convenient, effective and economical way to send remittances." US Federal has identified underserved areas in four of their 12 branches and its Minneapolis branch will be the first to sign on to IRnet, Raker said. The credit union serves 72,000 members and has $520 million in assets.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
