Kinecta Financial Realigns Groups
MANHATTAN BEACH, Calif.-Kinecta Financial Management Company LLC will discontinue its consulting services to other CUSOs, and realign in order to focus on its investment and insurance services Kinecta Financial & Insurance Services, LLC and Apollo Agencies Inc.
Kinecta CU's CEO Simone Lagomarsino assumed the role of president of Kinecta Financial Management Co. from Peter Snyder, who is no longer with Kinecta as of July 2. Doug Wicks, VP of investments, manages the subsidiary and will report directly to Lagomarsino. Kinecta's insurance division, including Apollo Agencies, has 35,000 policyholders.
For info: www.kinecta.org.
La Capitol FCU Teams with PSCU
St. Petersburg, Fla-La Capitol FCU of Baton Rouge, Louisiana, signed a long-term agreement for processing of its credit card and signature/PIN/ATM debit programs with PSCU Financial Services.
Officials said PSCU Financial Services will convert more than 25,000 signature and PIN debit accounts and 11,000 ATM accounts to the DebitAdvantage platform and move 8,000 credit card accounts to the CreditAbility platform. The $322 million, 55,000-member credit union is one of the largest credit unions in Louisiana.
For info: www.pscufs.com.
CUBC Signs Its First Western CU
MIRAMAR, Fla.-Ensign FCU chose CU Business Capital, LLC (CUBC) to assist with providing a full range of business services to its members. It also marks CUBC's first credit union west of the Mississippi. Officials said Ensign and CUBC will design programs that will allow Ensign to offer complete business services programs including business loans, checking, debit cards and merchants services.
For info: www.cubusinesscapital.com.
Bang Discusses 7-Eleven Deal
SAN DIMAS, Calif.-Financial Service Centers Cooperative, Inc. (FSCC) hosted its Annual Shared Branching Convention the week of June 25 in Las Vegas, where CEO Sarah Canepa Bang provided attendees with a network overview and an update on FSCC's partnership with the 7-Eleven Corporation. Bang told the attendees to be prepared for the launch of the 1,700 7-Eleven Vcom Units this summer. She reported that in addition to the current list of 1,700 7-Eleven locations, FSCC is working with 7-Eleven to provide several hundred additional units nationwide. Bang pointed out that by the end of summer, CUs in shared branching will have more than 4,000 locations in 47 states.
For info: www.fscc.com.
