NEW YORK — Credit unions may soon have to start com-

peting with a bank program to offer some of their SEGs or sponsoring organizations' affinity card programs.

CardPartner.com is a program launched by the $8.9 billion UMB Bank, headquartered in Kansas City, helping small nonprofit groups that have generally been considered too small to start issuing cards. The program offers organizations a minimum of $50 per opened account and 0.3% of card interchange from each transaction.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • 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.
NOT FOR REPRINT

© 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.