HUNTSVILLE, Ala. – Redstone FCU this morning introduced a new CUSO that will offer a variety of low-cost lifeline services, including check cashing, money orders, Western Union money transfers, bill pay, and reloadable prepaid cards to members and non-members.

Redstone says its Right Choice Money Services will be different from check cashers and other competitors because it will offer its customers a pathway to traditional savings and credit products through its partnership with the credit union. The CUSO will operate under its own management committee to offer affordable, friendly and convenient financial services to those who may not have traditional bank or credit union checking accounts.

“For the nearly four out of 10 Alabamians who do not use traditional banking organizations, Right Choice Money Services offers a welcome and competitive alternative,” said Joseph Newberry, president of the $3.3 billion credit union.



Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.