Bank of America made official last week what many anticipated when a spokesperson acknowledged that it will no longer issue credit cards in agent relationships with credit unions and smaller banks.
More than 1,000 credit unions now have their credit card offerings listed on CreditCardConnection.org, a website dedicated to helping consumers find credit union-issued cards.
Card specialist Ondine Irving says most card programs sold to banks wouldn't qualify for list.
When considering how to save money in the back office, some say too many credit unions retreat from looking carefully at their credit and debit card program, often believing the portfolios are too complicated to understand or manage more efficiently.
Card Analysis Solutions, a credit union card portfolio consultancy, has announced it will offer its card management school again this fall. The new card management program is scheduled for Sept. 19-21 in Chicago.
Card Analysis Solutions, a credit union card portfolio consultancy, said it will offer its card management school again Sept. 19-21 in Chicago
If considered only in a glance, credit union card programs seem extrem
Card Analysis Solutions, an independent credit card consultancy dedicated to helping CUs get the most out of their card programs, has announced another school for CU credit card executives.
The market for credit union credit card portfolios has slowed down.
After almost 35 years processing credit union credit card transactions, Town North Bank has sold off its last stake in card processing.