Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Paper addresses managing card services through merger
DES MOINES, Iowa (2/12/10)--Whether a credit union is preparing for a merger or simply looking to weather the economic storm, consolidating portfolios with one dependable card processor is a smart move, according to a new white paper from The Members Group (TMG). The paper, “Stronger in the End,” offers tips on evaluating card portfolios of merging credit unions for profitability and growth potential. It also discusses consolidating card services with one vendor. “Converting card services from one card processor to another generally involves minimal cost,” the paper said. “Production and mailing of new plastic requires the majority of the necessary investment.” Communication with members will involve the most planning and participation on the part of a credit union. Card processors with years of successful conversion experience can help guide the messaging strategy--but the function of the conversion will need credit union staff input and contribution, the paper added. “Stronger in the End” is co-authored by Aris Jerahian, TMG vice president of client relations, and Brian Scott, vice president of sales. The paper is available for free download on TMG’s website. TMG, Des Moines, Iowa, is a credit union service organization and a wholly owned subsidiary of Affiliates Management Co., which is owned by Iowa credit unions and their members.
Other Resources

RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
13 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
14 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
16 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
17 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
17 hours ago