Northern Redwood Federal Credit Union Shifts Compliance & Risk Management Capabilities to NatureTrak
SACRAMENTO, Calif.– — NatureTrak, the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Northern Redwood Federal Credit Union. Businesses and individuals in Humboldt County can benefit from a range of banking services provided by the credit union.
“But recently realized we needed a more robust technology solution to manage these high-risk accounts. NatureTrak’s compliance and risk management solution allows us to effortlessly manage our cannabis accounts and provides us the ability to better meet the needs of our customers.”
NatureTrak’s enterprise technology offers a comprehensive, fully integrated compliance and risk management solution for financial institutions banking cannabis. Pre-deposit validation, automated CTR and SAR filings, and license verification are a few of NatureTrak’s key platform features.
“We are thrilled that Northern Redwood Federal Credit Union decided to use NatureTrak for their compliance and risk management needs,” said Jontae James, CEO and Founder of NatureTrak. “Once they determined a need to optimize their existing compliance systems and processes and recognized the benefit of utilizing a singular solution to do so, NatureTrak was a natural choice. Our system maximizes efficiencies and centralizes all compliance requirements in one place making it the perfect solution for Northern Redwood’s specific business use case.”
NatureTrak’s enterprise technology is the leading compliance and risk management solution for financial institutions serving cannabis-related businesses.
“We’ve been providing services to cannabis customers for a while now,” explains Jenna Cardoza, CEO of Northern Redwood Federal Credit Union, “but recently realized we needed a more robust technology solution to manage these high-risk accounts. NatureTrak’s compliance and risk management solution allows us to effortlessly manage our cannabis accounts and provides us the ability to better meet the needs of our customers.”
Northern Redwood Federal Credit Union has been serving the Humboldt County community for over 65 years. It is a boutique credit union that offers similar services to its larger counterparts, but with a stronger focus on the client experience.
To learn more about NatureTrak, visit www.naturetrak.com.
About NatureTrak
NatureTrak is the leading compliance and risk management solution for financial institutions serving the cannabis industry.
Our technology provides a full suite of compliance tools that mitigate risk, provide real-time transparency, and maximize efficiencies. Federal and state examination tested, NatureTrak’s comprehensive solution allows financial institutions to bank cannabis safely and profitably with features like pre-deposit validation, license verification and automated SAR and CTR reporting.
NatureTrak is revolutionizing how financial institutions are serving the emerging cannabis industry from seed-to-sale. The company has successfully validated over $2.5 billion in cannabis-related transactions, including over $900 million in cash deposits and more than $250 million in tax payments. For more information, visit www.NatureTrak.com.