Redstone Launches Check Cashing Alternative
The 352,000-member, $3.3 billion Redstone Federal Credit Union has launched a CUSO-owned subsidiary check cashing firm aimed to both serving unbanked consumers’ immediate financial needs as well as influence them to join the credit union.
“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, the Huntsville-based credit union’s CEO. “Right Choice is not only good for the consumer; it’s good for the community. And Right Choice is the right thing to do.”