Credit Union Offers “Digital” Safe Deposit Box

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(HUNTSVILLE, AL) - Redstone Federal Credit Union has announced a new service allowing members to upload electronic files such as wills, insurance papers and images into a digital safe deposit box.

"My Virtual StrongBox" is free for members, who will notice a new icon announcing the feature when they log-in to use RFCU's online banking. Users can store up to 250 text documents, 500 PDF files or 3,000 emails. They can also upload images, music and additional file types.

RFCU President and CEO Joe Newberry said the system was developed to be very secure - so users can feel comfortable about storing their important personal documents alongside their banking information. He said the virtual safe deposit concept had been in the works for five years and hoped it would offer real value to customers - especially in an emergency.

"If you’re at a doctor’s office with your parent or an emergency room and somebody wants to see a power of attorney [document] or medication list, you can just pull it up right then," Newberry said.

Should all of your family's important documents be destroyed - in a fire or perhaps a weather disaster - you'll also have a way to retrieve them digitally.

RFCU members can learn more here. The financial institution also plans to roll out a version of "My Virtual StrongBox" for mobile devices in early 2013.

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