Marstone Partners with Red River Credit Union to Provide Digital Wealth Management Services to its Member Base
Momentum of Marstone’s Wealth Management-as-a-Service offering continues, expanding RRCU’s financial capabilities to now include wealth management to its 115,000 members
Marstone, Inc., a leading digital wealth technology firm, today announced it has partnered with Red River Credit Union (RRCU), a premier financial institution with more than $1.3 billion in assets, to provide its business-ready, digital wealth management platform and Wealth Management-as-a-Service offering to RRCU’s 115,000 members. RRCU is based in Texarkana, TX, with thirty branches across Texas, Arkansas, Louisiana, and Mississippi.
“At Marstone, we pride ourselves on the flexibility with which our products can meet our financial partners’ needs. In the case of RRCU, they’re able to rapidly launch our Wealth Management-as-a-Service offering, which delivers cost efficiencies and new revenue opportunities that the credit union seeks for continued growth,” said Margaret J. Hartigan, co-founder and CEO of Marstone. “We’re able to quickly get RRCU transitioned to our platform and see the onboarding and opening of new accounts. We look forward to more credit unions entrusting our proven platform as they seek to grow fee-based revenue, non-interest income, and retain member deposits.”
Founded 80 years ago, RRCU offers loans, deposit accounts as well as financial services to clients of all ages and stages of life. RRCU is a not-for-profit financial cooperative, where members are owners in the credit union. Anyone who resides, attends school, works or worships in RRCU’s rural charter service area and segment-based areas is eligible to be a member.
“Expanding our services to now include Marstone’s digital wealth management capabilities is a significant benefit to our members,” said Robert Ables, Director of RRCU Financial Services. “Marstone easily and seamlessly fulfills the growing needs of our members for investment options and helps efficiently fill this gap in our available services.”