Company Snapshot: FITB  Print This Story  Email This Story  Save this Link View PR Newswire's RSS Feed  Blogs Discussing this News Release  Search Blogs that Mention this News Release  Click this link to view linked Bookmarking Services Click this link to view linked Blogging Services


Six Credit Unions Sign with Fifth Third Processing Solutions

    CINCINNATI, July 9 /PRNewswire-FirstCall/ -- Fifth Third Processing
Solutions is pleased to announce that the following credit unions have
signed contracts for electronic fund transfer services, including gateway
access, debit card processing and ATM driving:

    -- Air Academy Federal Credit Union, based in Colorado Springs, CO,
operates 12 full-service branches in El Paso and Douglas counties and 18
ATMs.

    -- Texas-based Amarillo Community Federal Credit Union has been serving
members since 1945. The credit union has seven locations and eight ATMs.

    -- Colorado Springs Credit Union has three branch locations and five
ATMs and has served the Colorado Springs community since 1957.

    -- Hereford Texas Federal Credit Union received its charter in 1936 and
has two branch and ATM locations.

    -- Knoxville News-Sentinel Employees Credit Union has one location and
ATM and serves over 800 members.

    -- St. Joseph, Missouri-based Postal and Community Credit Union has
been serving the northwest Missouri community for over 70 years. The credit
union has five locations and ATMs.

    "Our superior reputation in the processing industry enables Fifth Third
to partner with many quality financial institutions throughout the
country," said Angela L. Brown, senior vice president and general manager
of Financial Institution Services, Fifth Third Processing Solutions. "We
are proud to be the preferred ATM and debit card processor of the National
Association of Federal Credit Unions (NAFCU) Services Corporation and look
forward to the opportunity to serve these credit union clients with our
first-rate products and services."

    "We look for partners who can provide best-in-class solutions to our
credit union members, and from all reports the credit unions using their
solutions have been very pleased with Fifth Third Processing Solutions for
EFT Services," said David Frankil, president of NAFCU Services Corporation.
"They bring sustainable value through their commitment to finding
efficiencies and delivering comprehensive products and services, both of
which are critical to the long-term success of credit unions."

    Fifth Third Processing Solutions processes over 26.7 billion ATM and
POS transactions per year for more than 2,700 financial institutions and
over 157,865 retail locations worldwide, including the Armed Forces
Financial Network (AFFN), First Niagara Financial Group, Sovereign Bank,
The Kroger Co., AutoZone, Abercrombie & Fitch and The Finish Line. Through
its wholly owned subsidiary, CMC, (http://www.cmcOne.com) Fifth Third also
provides servicing solutions and product engineering for financial
institutions and retailers for credit card, debit card, merchant and
private label programs. Through its multi-channel contact center, CMC
provides multi-lingual customer service, collections, fraud prevention, and
other back-office services to thousands of clients throughout the US and
Canada. Annually, Fifth Third processes $179.1 billion in credit card
sales. According to The Nilson Report (March 2008), Fifth Third Bank is the
fourth largest bankcard acquirer.

    Fifth Third Bancorp (Nasdaq: FITB) is a diversified financial services
company headquartered in Cincinnati, Ohio. The Company has $111 billion in
assets, operates 18 affiliates with 1,305 full-service Banking Centers,
including 96 Bank Mart(R) locations open seven days a week inside select
grocery stores and 2,329 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri,
Georgia and North Carolina. 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, 2007, has $223
billion in assets under care, of which it managed $33 billion for
individuals, corporations and not-for-profit organizations. Investor
information and press releases can be viewed at http://www.53.com . Fifth
Third's common stock is traded on the NASDAQ(R) National Global Select
Market under the symbol "FITB."



SOURCE Fifth Third Bancorp




Back to Topback to top

Related links:
  • http://www.53.com
  • http://www.cmcOne.com
    CONTACT:
    Stephanie Honan of Fifth Third,
    +1-513-534-6957