BRIGHTON, MI (September 25, 2024) |
Lake Trust Credit Union (Lake Trust), a community-based credit union serving nearly 200,000 members and businesses throughout Michigan, has announced its participation as an early adopter of FedNow® Service, a new instant payment infrastructure curated by the Federal Reserve.
“At Lake Trust, we are always looking for ways to evolve our member experience through the implementation of new technologies and resources,” said David Snodgrass, president and CEO at Lake Trust. “Technology within our industry is constantly and rapidly changing. By adopting services such as FedNow®, Lake Trust is continuing to use innovative technology to support members on their journey toward financial wellbeing.”
Launched in July 2023, FedNow® allows financial institutions of all sizes, including credit unions, across the country to provide instantaneous payment services. Lake Trust is amongst the first 15% of financial institutions to adopt the program and one of few based in Michigan.
For more information, visit laketrust.org.