Member Access Pacific, a card processing aggregator, said SELCOCommunity Credit Union has acquired one-quarter ownership in theCUSO.
|The $1 billion cooperative in Eugene, Ore., began processing itsdebit, credit and ATM services with MAP in 2011, according to theSeattle-based CUSO.
|MAP said it is the nation's only aggregator of the Visa debitprocessing platform for credit unions serving more than 100 creditunions in 22 states.
|“In partnering with MAP, we join a leading CUSO in thefast-growing payments industry,” said Bob Newcomb, president/CEO ofSELCO Community. “We are excited to be part of a CUSO known forits unparalleled, innovative payment solutions and we look forwardto being part of its future.”
|In additional to its MAP ownership, SELCO Community said it ownsinvestment subsidiary SELCO Financial Solutions, SELCO InsuranceServices, and ownership in SELCO Mortgage Co. LLC.
|Serving 26 counties throughout Oregon, the credit union has morethan 90,000 members.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
