MY CU Services Finalizes AMIS Purchase
Payment service and technology CUSO MY CU Services LLC said it has finalized its purchase of Advanced Management Information Systems.
With the purchase finalized on Dec. 2, MY CU Services adds data processing, as well as other related core system products, broadening its electronic payment and technology solutions for credit unions nationwide, according to the wholly owned CUSO of the $2.44 billion Mid-Atlantic Corporate Federal Credit Union in Middletown, Pa.
“AMIS shares our philosophy on collaboration – believing in the benefits afforded to credit unions when they combine resources and purchase power,” said Drew Kishbaugh, president/CEO of MY CU Services. “This is winning combination for any credit union wanting to take advantage of high-quality services coupled with economies of scale.”
The transition is anticipated to be smooth, as MY CU Services and AMIS have worked in partnership over the years and share many credit union clients, according to MY CU Services, which said it now works with more than 750 credit unions in 48 states.
AMIS is based in Carnegie, Pa., and its offices and current staff will remain in place, according to MY CU Services.