ST. PETERSBURG, Fla. – Card Services for Credit Unions had a strong year in 2003, picking up 235 new member credit unions, according to CSCU president Robert Hackney. Hackney revealed the news at the association's 2004 annual meeting. That lifted CSCU to 2,600 members, or more than half of the credit unions that offer credit cards. Hackney also told attendees that the group's total accounts in 2003 stood at 9.2 million versus 8.4 million in 2002. Those new accounts helped transactions leap to 423.9 million in 2003, compared to 365.3 million in 2002. That volume in turn generated $21.3 billion in transactions in 2003, compared to $18.1 billion in 2002 and that generated distributions back to members of $285 million in 2003 compared to $268.4 million in 2002.
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.
