OCALA, Fla. – To introduce its new crypto investment offerings, Ocala Community Credit Union is waiving all associated fees during September.
As the CU Daily reported here, Ocala Community Credit Union said it has moved to offer crypto services in order to hang onto deposits. It has partnered with InvestiFi to launch the crypto trading solution through its online banking platform.
The $49.4-million OCCU said the partnership comes as it seeks to boost its digital footprint with a variety of services for its members.
Reducing Outflow
At the time of introduction, the credit union said InvestiFi will “focus on reducing the outflow of assets” from Ocala Community CU to external crypto platforms like Coinbase and Robinhood, adding that “through the collaboration, both organizations aim to attract investors interested in crypto investing by way of InvestiFi’s user system.”
In launching the offering, OCCU has published a series of related FAQs on its website, including:
• What is cryptocurrency?
• What is the lowest dollar amount I can invest?
• What is blockchain?
• What is a digital asset?
• Plus, a dozen more FAQs
‘Way to Attract New Members’
“We are thrilled to have joined forces with InvestiFi to offer our members crypto investment directly from checking,” CEO Steven Nazaruk said in a statement. “We are looking forward to rolling InvestiFi’s crypto solution out to our members as an investment tool for them and a way for OCCU to attract new members. Our mission is to actively protect our members’ finances by ensuring the safety and soundness of our credit union. With InvestiFi we aim to guarantee a safe and secure crypto investing environment for our members. We are committed to providing consistent quality member service; to relentlessly strive to meet the needs of our members through building and maintaining a strong team.”
