ALLEN, Texas— Credit Union of Texas (CUTX) has introduced a new digital assets investment platform.
Launched in partnership with BankSocial, CUTX said the service makes it one of the first and only credit unions in Texas to offer its members the ability to “seamlessly buy, sell and manage their digital assets,” including Bitcoin, Ethereum, Ripple, and others
“Giving our members thoughtful access to emerging financial tools is core to our mission,” President and CEO Eric Pointer said in a statement. “We complement the service with clear, practical education, self- custody, and the convenience of our online banking app, empowering members to explore at their own pace with confidence.”
How CUTX Program Works
According to Credit Union of Texas, its program works this way:
- Self-custody wallet: Members open a BankSocial wallet from their CUTX dashboard and retain full control of private keys.
- Funding: Digital purchases draw from eligible CUTX accounts.
- Convenient Access: Members can buy, sell, or transfer their digital assets within the CUTXMOBILE app.
• Instant liquidity: Members can sell assets at any time and deposit proceeds straight back into CUTX accounts.
Educational Offering
To support informed decisions, CUTX said it produced “A Deep Dive into Digital Currencies,” a three-part video series that demystifies blockchain basics, how digital assets work and best practices for secure investing. Additional FAQs are live at cutx.org, and trained specialists are available through its in-person and online customer service, the credit union added.
What’s ‘Paramount’
“As roughly one-third of credit union members already own crypto, education and security are paramount,” John Wingate, CEO of BankSocial, said in a statement. “CUTX shares our commitment to people-first innovation, and together, we’re making digital assets simple, safe and local.”
