News & Insights

Dallas/Fort Worth-based Neighborhood Credit Union is now live and receiving instant payment transactions on the Federal Reserve’s FedNow Service through Catalyst Corporate Federal Credit Union. The $1.1 billion Neighborhood CU launched its service to members on September 26 joining the growing number of early adopter credit unions to complete onboarding with Catalyst.

Catalyst Corporate is now certified to process both Send and Receive transactions 24/7/365 through the Federal Reserve’s instant payment rail, the FedNow® Service. Expanding capabilities to cover both Send and Receive enables credit unions across the country to offer comprehensive instant payments to their members.