MoneyGram International has partnered with CUNA Strategic Services (CSS), owned jointly by the Credit Union National Association (CUNA) and the state leagues, to provide 7,900 credit unions simplified access to MoneyGram’s global money transfer and bill payment services. The agreement extends a relationship that started more than 35 years.
Under the agreement, the 7,900 credit unions, representing 21,000 individual branches in all 50 states and Puerto Rico, are eligible to implement MoneyGram money transfer and bill payment services.
Consumers are increasingly turning to their local credit unions. Recently the Aite Group, a financial services research organisation, issued a report summarizing that 85% of credit unions have increased their deposits over the last year and 70 % have attracted deposits from banks. With new members and increased visits from members, credit unions are working to expand their services.
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