Equifax announced yesterday that Equifax Card Services and the Illinois Credit Union League (ICUL) Service Corporation are extending their long standing card processing partnership. The ICUL Service Corporation recently signed an agreement to maintain card processing services with Equifax through 2003, well into the next millennium.
“The ICUL Service Corporation has been a strong ally over the past five years, and we look forward to a long and mutually beneficial relationship,” says Jerry Hines, Equifax Card Services senior vice president and general manager. “The ICUL Service Corporation provides outstanding service to mid- west credit unions and their cardholders, and we are proud to continue making a contribution to their success.”
Over the past five years, the ICUL Service Corporation’s card program has nearly doubled while processing with Equifax. This rapid growth is due in part to the Service Corporation’s expanded Apollo program, which offers full card program back-office servicing to smaller and mid-sized credit unions. Equifax helped the Service Corporation convert nearly 100 credit unions to the Service Corporation — sponsored Apollo program earlier this year.
“This pact joins two forces that are focused on helping credit unions compete in today’s marketplace,” says George Fiegle, ICUL Service Corporation’s chief operating officer. “We value Equifax’s systems and services and we look forward to their future initiatives that will help our credit unions enjoy continued card program growth. With Equifax Card Services’ resources and expertise, we can continue to offer value-added card processing services to credit unions in Illinois and other states.”
The ICUL Service Corporation is a subsidiary of the Illinois Credit Union League, and is a credit union support organization whose mission is to help credit unions compete and succeed. The ICUL Service Corporation serves 326 credit unions on its credit card program, supporting over 227,000 cardholders.
Equifax Card Services is the nation’s largest card processor for credit unions, processing for more than 60 percent of the credit unions that offer card programs and over 5,000 clients in the United States. Equifax also provides high quality card processing services to clients internationally.
Equifax is a worldwide leader in shaping global commerce by bringing buyers and sellers together through its information, transaction processing, consulting and knowledge-based businesses. Equifax serves the banking, financial, retail, credit card, telecommunications/utilities, transportation and healthcare industries and government. Founded in 1899, Atlanta-based Equifax today has 14,000 employees in 18 countries and sales in more than 40 countries. Revenues for the 12 months ended September 30, 1998, were more than $1.5 billion. For more Equifax information, visit the company’s Internet web site at .Details