If 2010 was any indication of just how busy NAFCU Services Corp. was, this year could be a repeat times two.
Much of the uptick in business came as a result of the shakeups within the corporate credit union network, said David Frankil, president of NAFCU Services, the wholly owned subsidiary of NAFCU. Founded in 1975, it has partnerships with a 28-member preferred partner program of suppliers that offer credit unions discounted affinity agreements.
Because the entity is a for-profit subsidiary of NAFCU, 100% of its profits go to the association at the end of each year to support their programs, Frankil said, adding NAFCU Services' financials are not public.
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