News

Vantiv adds two credit unions

June 27, 2011

Vantiv, formerly Fifth Third Processing Solutions, today announced that two credit unions have recently signed contracts with the company for single-sourced, comprehensive processing services, including ATM and debit card transaction processing, ATM driving, card production and network gateway access.

General Electric Employees Federal Credit Union, headquartered in Milford, Conn., has in excess of $130 million in assets with 12 locations and 10 ATMs and more than 21,000 members. Wemelco Credit Union serves more than 1,900 members from its Springfield, Mass. location. With more than $33 million in assets, Wemelco is an industrial credit union serving the energy industry, including employees and family members of the following companies: Northeast Utilities and its subsidiaries, ISO-New England and IBEW Locals 7 and 455. 

"We are excited these two credit unions selected us as their preferred processing partner," said Royal Cole, president of financial institution services at Vantiv. "Our team is committed to exceeding the expectations of our clients. Vantiv has the people, technology and resources to fully support all of our valued clients and strengthen their competitive position in the industry for long-term success."