FedNow Payments for Credit Unions
Real-time payments. Simplified through Beastro.
Receive and send FedNow payments directly through Beastro with 24/7 availability and immediate settlement. Corporate Central helps credit unions adopt faster payments through practical solutions designed for today and built for the future.
Get Started with FedNowFaster Payments Are Changing How Financial Institutions Operate
FedNow is the Federal Reserve's instant payment service that enables financial institutions to send and receive payments in real-time, 24 hours a day, 365 days a year.
Unlike traditional payment methods that depend on processing windows, batch schedules, and cutoff times, FedNow provides immediate settlement and funds availability.
For credit unions, FedNow creates new opportunities to improve liquidity management, accelerate transactions, and support time-sensitive payment needs.
Why Credit Unions Are Adopting FedNow
Built for the moments when timing matters.
Credit unions are adopting FedNow to address real operational challenges and prepare for the future of payments.
FedNow helps credit unions:
Reduce delays caused by ACH processing windows and wire cutoff times
Improve certainty for urgent or time-sensitive transactions
Manage liquidity more effectively in a 24/7 payments environment
Build operational readiness for future faster payment capabilities
FedNow complements existing payment methods. It does not replace ACH or wires. Instead, it provides a new option when speed, availability, and settlement certainty matter most.
Real-Time Payments for the Moments That May Not Wait
FedNow gives credit unions a faster way to move money when timing, availability, and certainty matter most.
Lending
Fund loans faster
Support time-sensitive loan funding with immediate settlement, helping reduce delays from ACH windows and wire cutoffs.
Best for: Indirect lending, auto loans, urgent funding needs
Liquidity
Manage liquidity 24/7
Move funds when needed, including nights and weekends, to better respond to changing liquidity needs.
Best for: Treasury operations, balance management
Financial institution payments
Receive funds instantly
Accept incoming transfers from other financial institutions without waiting for processing windows.
Best for: Settlement activity, urgent transfers
Business partners
Accelerate settlement
Send instant payroll and increase settlement speed for accounts payable and receivable.
Best for: Business services, partner relationships
Institutional payments
Improve payment visibility
Receive government and institutional disbursements with immediate settlement.
Best for: Institutional transactions
Future readiness
Build your faster payments foundation
Establish operational readiness today while preparing for tomorrow's payment capabilities.
Best for: Strategic planning
When timing matters, real-time matters
Talk with our payments team about bringing FedNow into your credit union.
FedNow vs. ACH vs. Wires
Choosing the right payment rail.
Each payment method serves a different purpose. FedNow adds a real-time, always-available option for transactions where timing matters most.
| Feature | Member to Member | FedNow | ACH | Wires |
|---|---|---|---|---|
| Settlement speed | Real-time | Real-time, typically within seconds | Same day or next day | Same day, typically within hours |
| Availability | 24/7/365 | 24/7/365 | Processing windows apply | Business hours and cutoff times apply |
| Funds availability | Immediate | Immediate | Based on processing cycle | Typically same day, may vary |
| Cutoff times | None | None | Yes | Yes |
| Best use cases | Credit union transfers | Time-sensitive settlement and liquidity management | Scheduled, recurring, high-volume payments | High-value, urgent transactions |
| Current capability in Beastro | Inbound and outbound | Inbound and outbound | Inbound and outbound | Inbound and outbound |
ACH remains ideal for scheduled and recurring payments. Wires remain valuable for high-value transactions. FedNow provides another option when real-time settlement is the priority.
FedNow Through Corporate Central and Beastro
Faster payments without the complexity.
Corporate Central provides a practical path to FedNow adoption through Beastro. FedNow capabilities are embedded into existing operational workflows, helping credit unions begin with meaningful use cases while preparing for future payment innovation.
Available today:
Receive FedNow payments directly within Beastro
Process incoming payments in real-time
Support financial institution-level transactions and settlement
Current phase:
Back-office functionality
Consumer or member-facing integration, availability
Outbound FedNow transactions, future phase
This approach creates a familiar operational experience while introducing the speed and availability of instant settlement.
The Future of Faster Payments
Building today for tomorrow's payment landscape.
FedNow is the first step in a broader faster payments strategy through Corporate Central.
Today
FedNow inbound payments in Beastro
Real-time receipt, immediate settlement, and 24/7 availability inside the workflows your team already uses.
Future phases may include
- Additional payment rails
- Expanded Beastro functionality
- Additional use cases across lending, payments, and business services
- Member sponsored money movement systems integration
Starting with FedNow allows credit unions to build practical experience with faster payments and establish the foundation for future capabilities.
Frequently Asked Questions
Get Started with FedNow
Bring real-time payments into your credit union strategy
Corporate Central can help you evaluate and adopt FedNow based on your operational needs and future payment goals. Explore money movement systems integration with us.
Connect with our team to begin using instant payments within Beastro and explore how faster payments can support your organization today and in the future.