ALBUQUERQUE, N.M (January 8, 2025) |
U.S. Eagle Federal Credit Union, one of New Mexico’s leading credit unions with more than 95,000 members, announces today the launch of FedNow® and Real Time Payments for its members. With the growing demand for instant payments and an increase in electronic commerce, the new service opens an additional channel for credit union members to receive funds in seconds, 24 hours a day, seven days a week. U.S. Eagle is the first credit union in New Mexico to provide its members with guaranteed instant payments through the Federal Reserve.
“U.S. Eagle is thrilled to give its members the ability to instantly receive money from their customers, employers, family members, friends and constituents, any time of the day, on any day of the year,” said Darrell Russell, vice president payments at U.S. Eagle Federal Credit Union. “Our members can now receive secured payments from the government, businesses, e-commerce companies, insurance organizations and the Internal Revenue Service including tax refunds much faster.”
Businesses can accept immediate payments from customers and vendors, allowing faster access to funds, and improved overall cash flow. Personal account holders can receive money from family, friends and service providers without delay and manage their personal finances more easily.
“At U.S. Eagle, we are committed to bringing innovation to banking. As the first credit union in New Mexico to implement this technology, our members are now able to receive money securely and more conveniently. We are dedicated to our ‘people mean more’ philosophy by helping to improve the quality of life of our members and in the communities that we serve,” said Monica Sena, assistant vice president payments at U.S. Eagle Federal Credit Union.
For more information about U.S. Eagle Federal Credit Union, please visit USEagle.org.