money transferring between smartphones Source: Shutterstock.

With no end in sight for COVID-19 social distancing and increasing numbers of credit union members electing to conduct their business remotely, credit union support powerhouse CO-OP Financial Services has teamed up with peer-to-peer money transfer company Zelle to provide P2P services to a network of credit unions.

The partnership builds on the same account-based technology already in place at most credit unions, and according to an announcement last week heralding the partnership three credit unions have already begun using the service including Southern California’s Wescom Credit Union and the Water and Power Community Credit Union in Los Angeles.

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