The $793 million Financial Partners Credit Union in Downey, Calif., said about 100 transactions totaling $7,000 have been processed through the 50,000-member credit union's new mobile person-to-person service since its launch earlier this month.
The Los Angeles-area credit union embedded the offer in its mobile banking app, originates the transaction and requires recipients to have a PayPal account to receive the funds.
“Financial Partners Credit Union's mobile offering takes a back seat to no one in the market place in serving our growing membership,” said its president/CEO, Nader Moghaddam.
“Adding P2P to our robust mobile offering, which already includes mobile deposit and bill pay, lets our users know we understand the needs of their busy, on-the-go lifestyles,” he said.
Members are finding the “Send Money” P2P feature on their smartphones without encouragement from advertising or other promotions so far, the credit union said.
FPCU serves employees and their families in the aviation, aerospace and health care industries in the Los Angeles area and Orange County, with branches in Brea, Downey, Huntington Beach, Orange and Woodland Hills.
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.
