Payments Leader Committed to Credit Union Growth
CINCINNATI, Oct. 25, 2011 /PRNewswire/ -- Vantiv, one of the nation's largest payment processors, is pleased to announce that the following three credit unions have signed contracts for single-sourced comprehensive electronic processing services including: ATM and debit card transaction processing, card production, gateway services, rewards and debit portfolio management.
Located in Sacramento, California, First U.S. Community Credit Union has served their members since 1936. Today the credit union has more than $235 million in assets and offers six branch locations and 10 ATMs. Anyone who lives, works, or worships in Sacramento, Amador, Yuba, Yolo, El Dorado, Sutter, San Joaquin, Nevada, Placer, Solano, Sierra, and Contra Costacounties is welcome to join the 18,000+ members at First U.S. where they are committed to being an institution of "People Helping People." To learn more visit www.firstus.org.
Fort Worth Community Credit Union is headquartered in Bedford, Texas with 10 additional branch locations and 11 ATMs. With assets totaling more than $735 million, the credit union opens its membership of nearly 63,000 to all those who live, work or attend school in Tarrant, Parker, Johnson, and Collin Counties. To learn more visit www.ftwccu.org.
USSCO Johnstown Federal Credit Union, located in Johnstown, Pennsylvania, was established in 1958 to serve the employees of U.S. Steel Johnstown Works. Today membership has expanded to additional area businesses including over 500 Select Employee Groups. There are more than 13,500 members, more than $94 million in assets, four branch locations and seven ATMs. To learn more visit www.usscofcu.org.
"We selected Vantiv as our processing partner, enabling us to offer our members best-in-class debit and ATM card solutions. Specifically, we leaned on their expertise in developing a business debit card program to expand that part of our business, and to align USSCO with a known innovative processing leader," explained Todd Cover, Chief Executive Officer, USSCO. "In addition, we are partnering with Vantiv Merchant Services to provide an educational, cost effective approach to our more than 500 USSCO small business members. We are very excited about our relationship with Vantiv to offer cutting edge solutions for our members."
Vantiv's product suite also includes ATM terminal driving and monitoring, ATM and debit card transaction authorization and processing, credit issuing and processing services, national and regional gateway services, comprehensive ancillary services including fraud detection, card production, Rewards! product, and other consultative services.
"We are excited to be chosen by these three credit unions to deliver innovative debit and credit card processing solutions to empower them to gain entry into new markets for member growth and retention," said Royal Cole, President of Financial Institution Services at Vantiv. "A robust card program can help further distinguish these institutions from their competitors while maximizing portfolio performance."
About Vantiv
Vantiv, LLC is one of the leading providers of payment strategies and technology solutions for business financial institutions of all sizes in the United States. Formerly known as Fifth Third Processing Solutions, LLC, since 1971, Vantiv has built strategic partnerships with its customers, helping them become more efficient, more secure and more successful. Headquartered inCincinnati, Ohio, Vantiv, LLC is a joint venture between Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB).
Vantiv, LLC supports more than 400,000 merchant and financial institution locations and 12,000 ATMs in 46 states and 8 countries. Vantiv processes more than 11.4 billion ATM and POS transactions and nearly $400 billion in debit and credit sales volume annually. Our subsidiary, NPC, is one of the largest providers of payment processing services exclusively focused on the small-to-medium merchant processing market. According to the Nilson Report (March 2011), Vantiv is the largest PIN Debit U.S. acquirer and third largest U.S. merchant transaction acquirer ranked by general purpose transaction volume. For more information, visit www.vantiv.com.
