- Stephanie Honan 513.534.6957
Three Missouri Credit Unions Sign with Fifth Third Processing Solutions
Fifth Third Processing Solutions is pleased to announce that the following credit unions have signed contracts for electronic fund transfer services.
- Academic Employees Credit Union, located in Columbia, Missouri, has signed a five-year contract with Fifth Third Processing Solutions. The organization has $12 million in assets and has served school families since 1936.
- Kilowatt Credit Union is located in Jefferson City, Missouri and also has signed a five-year contract with Fifth Third. Opened in 1952, Kilowatt Credit Union has $10 million in assets.
- United Catholic Credit Union has $6 million in assets and is located in Raytown, Missouri. The organization has signed a five-year processing contract.
“We are pleased to have been chosen to serve as the EFT partner for these credit unions,” said Angela L. Brown, senior vice president and general manager of Financial Institution Services, Fifth Third Processing Solutions. “We are confident that our first-rate products and services will help our clients provide consistent, high-quality service to their valued members.”
Fifth Third Processing Solutions processes over 21 billion ATM and POS transactions per year for more than 2,300 financial institutions and over 142,100 retail locations worldwide, including the Armed Forces Financial Network (AFFN), First Niagara Financial Group, Sovereign Bank, The Kroger Co., AutoZone, Abercrombie & Fitch, Nordstrom, Inc. and The Finish Line. Annually, Fifth Third processes $148.1 billion in credit card sales. According to The Nilson Report (April 2006), Fifth Third Bank is the fourth largest bankcard acquirer.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $100.7 billion in assets, operates 19 affiliates with 1,157 full-service Banking Centers, including 109 Bank Mart locations open seven days a week inside select grocery stores and 2,103 Jeanie ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania and Missouri. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2006, has $220 billion in assets under care, of which it managed $34 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded through the NASDAQÒ National Global Select Market System under the symbol "FITB." Member FDIC.