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Products
ICUL Service Corp upgrades prepaid cards
NAPERVILLE, Ill. (12/19/12)--The Illinois Credit Union League Service Corp. (LSC) has enhanced its debit prepaid product line.

Through its prepaid program, LSC provides gift cards, TravelMoney and general purpose prepaid products to more than 2,000 credit unions in 48 states.

Among the upgrades is the availability of more card designs. More than 60 options are offered, an increase from 13 previously. A new option offers the products in a greeting card format, customizable for different occasions. The two enhancements provides credit unions with more opportunities to tailor the products to the demographics of their membership.

The line provides these categories of cards:

  • Abstract;
  • Sports and hobbies;
  • Special occasions;
  • Holiday;
  • Landscapes;
  • Nature and wildlife;
  • Hip and trendy;
  • Style and design;
  • Patriotic; and
  • Currency.
Greeting card carrier options include cards for: birthday, baby, wedding, congratulations, thank you, and any occasion (blank).

Credit unions also can track and verify receipt of shipments online. With some cards, shipping is available six days a week (up from five), with orders reaching credit unions in as little as two to five days, an improvement from between seven and 10 days, said LSC.

"Branded" credit unions will now pay a nominal fee to print their name on all card designs, Previously, there was a fee per individual design. Credit unions also can place an order for as little as one card per design. Previously, a minimum order of 25 cards was required.

LSC also offers more new online reference and training resources to credit unions that purchase prepaid products.  These includes marketing materials such as Web banners, a teller quick reference guide showing differences among the cards, training manuals, and credit union frequently asked questions.


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