Search
 

Desert Schools, Once a Star CU with MBNA, Moves On to Elan; CU Faces Challenge Educating Members

For most of the past five years the $2.7 billion Desert School Federal Credit Union had been a jewel in the crown of monoline card issuer MBNA's credit union agent issuing program, but no more.

By David Morrison | Updated on January 16, 2007

PHOENIX — For most of the past five years the $2.7 billion Desert School Federal Credit Union had been a jewel in the crown of monoline card issuer MBNA’s credit union agent issuing program, but no more.

As of Jan. 1, Desert Schools switched from having FIA Card Services (formerly MBNA), the card-issuing arm of Bank of America, issue credit cards in its name to having Elan, a subsidiary of U.S. Bank, do so. The change marks a significant shift of direction for a credit union that used to play a significant role in MBNA’s effort to market its agent program to the broader credit union industry. “I think it’s important to note right off that our move should not be seen as any comment on the folks at MBNA that we have worked with over the life of our contract,” said Jeff Meshey, an executive vice president with the CU. “But what we noticed was that, with the merger, there were just things about the new organization, the people to whom the former MBNA people reported, that made us nervous and made us want to reevaluate our options,” he added.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.