The unsettled corporate market is triggering some freshrealignments in the Upper Midwest this week with a St. Paul CUSObroadening its processing and settlement assistance package toreach well outside of the region.
The reluctance of small CUs to recapitalize theircorporate and instead seek out new providers is playing a part inthe reshuffling but also tech chances in electronic delivery “haveeliminated the boundaries and so the market is nationwide,” saidMichelle Carlson, vice president of the Minnesota Item ProcessingCorporate, a CUSO managed and partly owned by the Minnesota CreditUnion Network.
Under its expansion strategy, MnIPC, which currently hasover 120 CU clients mostly in Minnesota, is now signing up CUs inMichigan, Illinois, South Dakota and New Mexico, saidCarlson.
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