Credit Union 24 eliminates membership minimums

Credit Union 24 eliminates membership minimums
Tags: Bank / Credit Union, EFT Networks, Other, Transaction Processing, Trends / Statistics
May 7, 2006

TALLAHASSEE, Fla. - Credit Union 24 announced in a news release it has eliminated membership-fee minimums for its member-shareholders. The decision by the EFT network's board comes after a new switch-processing agreement with Fifth Third Bank Processing Solutions.

"One of the early dividends of the new switch relationship with Fifth Third (Bank) Processing Solutions is the elimination of membership minimums for shareholders," Credit Union 24 president and chief executive Jim Park said. "FTPS's pricing and support has allowed us to look at lot of different ways to reduce our costs and improve network services."