FORT WORTH, Texas -- The $5 billion American Airlines Credit Union is moving its credit card processing away from Fidelity National Information Services and to PSCU Financial Services, sources familiar with the move have confirmed.
The then $3.9 billion credit union did not offer a credit card until 2004 when it launched a program from scratch. Since then, according to NCUA records, the card portfolio has opened roughly 19,500 accounts and grown to $72.8 million in receivables.
Based on third quarter 2008 data, roughly 9% of the CU's membership carries the CU's card but the card portfolio only accounts for roughly 3.1% of the CU's loans. Neither American Airlines, nor FIS, nor PSCU Financial Services have yet commented on the move.
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