MoneyGram, a provider of money transfer and payment services, has extended its partnership with Launch Federal Credit Union to provide official check services at all of the credit union’s locations.
Based in Florida, Launch Federal Credit Union has more than $679m in assets and over 62,000 members.
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MoneyGram provides official check outsourcing to financial institutions as well as services including inventory management, real-time updates and daily balancing and reconciliation for less than the cost of most in-house programs.
MoneyGram executive vice president for business development Pete Ohser said: "With MoneyGram’s service and support, the credit union can continue to be more efficient in daily balancing, reconciliation and fraud detection."
Launch Federal Credit Union vice president and CFO Kevin Lebeau said: "We are excited to work with MoneyGram to help us manage our official check program and streamline our services."
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