Fifth Third Processing Solutions Signs Six Credit Unions

CINCINNATI, Feb. 22, 2011 /PRNewswire/ -- Fifth Third Processing Solutions is pleased to announce that six credit unions have recently signed contracts for electronic funds transfer services including  ATM and debit card processing services, card production, fraud protection, debit marketing, rewards programs, and gateway services.

USE Credit Union was established in 1936, and today is the fifth largest credit union in San Diego County, California, where it is headquartered.  With assets of more than $700 million, USE is among the top 50 in asset size of more than 700 credit unions in the state.  Offering 18 ATMs and 8 full-service branches in five counties, USE serves the financial needs of 87,000 members which include the faculty, staff, students and alumni of the University of California and California State University systems, the employees of the State of California, and residents within the five counties it serves.  USE was among the first financial institutions in the world to offer online banking and debit cards to its members. These technological advancements, among others, have helped USE remain on the forefront of excellent member service, where "people helping people" remains USE's focus and commitment.  To learn more, visit www.usecu.org.

My Credit Union, where they suggest, "Make My Credit Union, Your Credit Union," is headquartered in Watauga, Texas and offers a wide variety of financial services.  With more than $36 million in assets, My Credit union has six locations and six ATMs available to their 9,300 members.  To learn more, visit www.mycutx.com.

VAMC Fayetteville Federal Credit Union, located in Fayetteville, North Carolina, was established in 1946 and offers many financial services.  With more than $2 million in assets, VAMC serves over 1,000 members including the employees of the Fayetteville VA Medical Center.  

Turtle Creek Federal Credit Union, located in Redfield, South Dakota, was established in 1935.  With more than $15 million in assets, Turtle Creek offers a wide range of financial services.  Membership is open to anyone who lives, works or worships in Spink County and their family members regardless of where they live. Learn more at www.turtlecreekfcu.com.

Freestone Credit Union, headquartered in Teague, Texas, was established in 1952. With more than $33.5 million in assets and over 3,500 members, Freestone is a full service credit union with an array of savings plans and loan services available.  Their members include all residents and those who work within the five-county area which it serves, as well as all employees of the Burlington Northern Santa-Fe Railroad, and their immediate family members no matter where they reside.  To learn more, visit www.freestonecu.org.

Montana Educator's Credit Union (MECU), headquartered in Missoula, Montana, was established in 1996 and is the first state chartered credit union in Montana since 1963.  The mission of MECU is be their members' lifelong, trustworthy financial partner and to help improve their lives through service.  With nearly $15 million in assets, MECU is well equipped to provide a wide variety of services, while small enough to know their members and their specific needs.  To learn more, visit www.mtedcu.org.

"Montana Educators' CU is committed to providing the best service possible to its members while   containing costs," said Leslie Womack, President, CEO, MECU.  "Partnering with Fifth Third Processing Services in our debit card/ATM program is going to help us in achieving this goal.  We look forward to a long and beneficial relationship with Fifth Third Processing Solutions."

"We are pleased that these six credit unions have chosen Fifth Third Processing Solutions as their processing services provider," commented Royal Cole, President, Financial Institution Services, Fifth Third Processing Solutions.  "As a leader in the payments industry and a processing partner committed to the credit union movement, we are proud to partner today with more than 800 credit unions nationwide.  Each of our valued clients benefits from our technologically-advanced products and services backed by excellent customer service.  We help make the card programs of our customers more successful and profitable."  

Fifth Third Processing Solutions, LLC delivers innovative payment transaction processing and acceptance solutions to create and support complex payment strategies for merchants, businesses, and financial institutions around the world. A pioneer in card payment acceptance in the early 1970s, Fifth Third Processing Solutions is headquartered in Cincinnati, Ohio, and is a joint venture with Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB).

As a premier full service payment solutions provider, the Company provides servicing solutions and product engineering for financial institutions’ and retailers’ credit card, debit card, merchant and private label programs, processing over 29.4 billion ATM and point of sale transactions and over $378 billion in debit and credit card sales volume annually. Its subsidiary, NPC, is the largest provider of payment processing services exclusively focused on the small-to-medium merchant processing market.  The Company supports over 410,000 merchant and financial institution locations and 11,000 ATMs in 44 states and 8 countries. According to the Nilson Report (March 2010), the Company is the third largest U.S. merchant transaction acquirer. Learn more at www.FTPSLLC.com.

SOURCE Fifth Third Processing Solutions

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