CINCINNATI — Later this summer, a handful of credit unions will test out a new prepaid card program through Shared Resource Technology Group, a CUSO founded by three Ohio credit unions.
The credit unions will test the card beginning in late August or early September, according to Brad Keiser, executive vice president of electronic services at SRTG. By the end of the year, an additional dozen credit unions have committed to having the card in place. SRTG plans to go full scale in 2008, Keiser said.
Keiser said he recently met with Member Gateways, LLC, a strategic alliance among 24 CUs, their CUSOs and Callahan & Associates to identify and integrate existing and future financial services and products with credit union delivery systems. In addition to seeking capital funding from 10-12 CUs, Keiser said he is also looking to raise more funding from entities like Member Gateways, MEMBERS Development Corp. and vendors.
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"As we implement and roll out the card, we will identify hitches such as in delivery, processing and technology," Keiser said.
SRTG was formed in 2004 by AurGroup Financial CU, CINCO Family CU and River Valley CU to provide financial service solutions.
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