Marstone & Red River Credit Union partner to offer wealth management services

By Delisha Fernandes

Marstone, Inc, a digital wealth technology firm, announced its partnership with  Red River Credit Union (RRCU), a financial institution.

“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 are 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.”

RRCU offers loans, deposit accounts, and financial services to clients of all ages and stages of life. RRCU is a not-for-profit financial cooperative where members are owners of credit unions. Anyone who resides attends school, works or worships in RRCU’s rural charter service area, and the segment-based regions are eligible to be a member.

“Expanding our services to include Marstone’s digital wealth management capabilities now is a significant benefit to our members,” said Robert Ables, Director of RRCU Financial Services. “Marstone easily and seamlessly fulfil the growing needs of our members for investment options and helps efficiently fill this gap in our available services.”

Red River Credit Union has $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.