After a string of announcements of adoptions by Iowa-based credit unions, Des Moines-headquartered P2P and mobile payments innovator Dwolla has now announced its initial adoption by an out-of-state credit union, West Virginia United FCU in Charleston, with roughly 4,500 members and $30 million in assets.
"Dwolla is just starting – I expect a lot of great things from them," said West Virginia United CEO Linda Bodie, a "self-described geek" who explained her readiness to take this plunge thusly: "The minute I heard about Dwolla I wanted it here."
Bodie estimated that "5 to 10% of our members will be using Dwolla within six months. It's very easy to use, it has great integration with social media, it's convenient. Dwolla is letting us enter mobile payments easily and affordably."
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.
