Vantiv LLC has signed three more credit unions for credit card processing services.
Two of the credit unions, the $190 million Paducah Federal Credit Union in Paducah, Ky., and the $98 million Border Federal Credit Union in Del Rio, Texas, are existing processing clients and will be expanding their services with Vantiv, according to the company. The $42 million Sonoma County Grange Credit Union in Santa Rosa, Calif. is the newest client.
"We are looking forward to the opportunities of this expanded partnership," said Dale Adams, vice president at Paducah FCU. "The Vantiv debit card program has worked extremely well for us, and because of the success we have already enjoyed, it made sense to partner with Vantiv for our credit card program as well."
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Border FCU Chief Operating Officer Ruben Cisneros said the new alliance will allow the credit union to offer its members a competitive card at a lower rate.
"Vantiv gives us everything we were looking for in a card processor and more. We are looking forward to leveraging their expertise in order to grow our card portfolio," Cisneros said.
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