Too many merging credit unions disregard credit and debit card portfolios in their merger negotiations and preparations and this can result in needless expense and member problems, according to credit union and CUSO executives.

“Let’s face it, few credit unions merge because of a credit card portfolio,” remarked Stephanie Davis, vice president for member relations at the 72,000-member $685 million First Community Federal Credit Union. “Usually there are much bigger strategic and practical questions on the table if credit unions are talking about merging. But at the same time, cards are such high-touch and complicated products that they really need to be considered earlier in the whole merger discussions.”

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