INDIANA LEAGUE’S SERVICECORP AND INNOVATIVE CARD SERVICES EXTEND PARTNERSHIP ON PREPAID CARDS
Indianapolis, IN (March 29, 2012) -- Credit Union Card Center (CUCC), a subsidiary of the Indiana Credit Union League’s Servicecorp, has selected Innovative Card Services (ICS) to offer its clients, and potential clients, Visa® Gift, Travel Money and General Purpose Reloadable Cards. CUCC already works with ICS to offer the Visa® Payroll Card. Through this agreement, CUCC will add Gift, Travel Money, and General Purpose cards as prepaid solutions to its already robust platform of programs.
“The popularity of prepaid and reloadable cards continues to grow, and more consumers are looking to their credit unions to purchase the cards,” said Servicecorp COO Diana Arnold, who oversees CUCC. “This partnership between Servicecorp and ICS will offer consumers the ease of purchasing cards at their credit union and it allows credit unions to take advantage of the networking power of Servicecorp to obtain the cards affordably, expeditiously and conveniently.”
“We are very excited about this development and proud of the alliance,” said ICS Managing Director Kerie Derbeck. “ICS and CUCC are both business partners credit unions trust, and we are looking forward to the opportunities that come with this expanded partnership to help deliver solutions to enhance members’ financial well-being.”
Currently it is estimated that over 26 percent of the households in the U.S. are considered “unbanked” or “under-banked” and on average, those consumers pay eight percent of their annual income in fees due to their lack of banking relationships. Prepaid cards can provide these families a money saving way to transition into the mainstream and cultivate solid relationships with the credit unions where they live and work.
About Innovative Card Services: Innovative Card Services, located in Elkhart, Indiana, is a Credit Union Service Organization (CUSO), formed in 2007, that is committed to its partners nationwide. ICS recognizes the growing need to assist credit unions that work with a variety of current and prospective members with whom the customary accounts and services may no longer satisfy. From people who do not qualify for a traditional checking account or a credit card; to the unbanked; the youth markets; frequent travelers; and SEGs, Innovative Card services provides prepaid card solutions that credit unions can offer to bolster current relationships and build new.
About Servicecorp: A subsidiary of the Indiana Credit Union League, ICUL Servicecorp is a credit union-owned cooperative organization that networks the collective business volume of credit unions, allowing them to offer more services—at lower costs—than they could offer on their own. In addition to prepaid cards, Servicecorp offers credit and debit cards through CUCC, shared branching, insurance and financial services and many other products and services that are delivered through credit unions.