North Bay Credit Union announced that it has joined the Banking-as-a-Service (BaaS) Association.
SANTA ROSA, CA / ACCESSWIRE / July 23, 2024 / North Bay Credit Union announced today that it has joined the Banking-as-a-Service (BaaS) Association. The BaaS Association provides a unified voice for financial institutions engaged in the business of Banking-as-a-Service. The association, formed in 2022, promotes, supports, and advocates for BaaS financial institutions that serve millions of customers and members in a safe and compliant way.
North Bay Credit Union logo
The BaaS Association also helps establish sound bank-fintech partnerships, including those who provide banking services for underbanked and underserved communities. "North Bay Credit Union is excited to again be leading the way for credit unions to better serve the needs of our communities. We recognize the growing role of fintech firms in our market and we are prepared to serve their unique needs," said Chris Call, CEO, North Bay Credit Union. "We're especially excited to see how working with these fintech partners, products and services can be offered safely and securely to those in our communities with limited banking options, which is a core part of our mission as a people-helping-people credit union," Call said.
Dave Mayo, Co-Founder of the BaaS Association, said, "Our goal is to address some of the challenges BaaS banks and fintechs face around protecting the consumer, increased regulatory visibility, and enabling new technology as it emerges."
About North Bay Credit Union North Bay Credit Union was founded in 1948 and now serves Sonoma, Marin, Napa, and Solano counties. The credit union also has led the way in providing banking services to the Cannabis industry.
About The BaaS Association The BaaS Association is a premiere governance association with the purpose of promoting, creating, and supporting Banking-as-a-Service (BaaS) sponsor banks which help serve millions of customers in a safe and compliant manner. The BaaS association represents over 80% of current BaaS sponsor banks operating across the United States.The BaaS Association provides education, collaboration, and best-in-class practices that serve the unique needs of BaaS Sponsor banks.
Contact Information
Chris Call
CEO
chris@northbaycu.com
707-584-0384
SOURCE: North Bay Credit Union
View the original press release on newswire.com.
