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CUANM to offer remittance solution to CUs
NEW YORK (3/26/10)--The Credit Union Association of New Mexico (CUANM) will expand access to BNY Mellon’s Remit Worldwide global remittance solution to credit unions in New Mexico and nationwide on a white-label basis, the two organizations announced Thursday. A major form of cross-border funds transfer, remittances enable credit unions and other financial institutions to expand their product and service offerings to consumers interested in remitting funds to beneficiaries abroad. “Enabling credit unions to provide global remittances as a new customer service provides us with a superior product that is important to the underserved new immigrant community,” said CUANM CEO Sylvia Lyon. “This group comprises a significant and rapidly growing consumer group that credit unions are committed to serving,” she added. CUANM will add Remit Worldwide to its suite of outreach products, according to Mike Athens, CUANM vice president of association services. Remit Worldwide will be marketed by CUANM as Worldwide Remit.


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