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Alabama CUL Endorses JMFA

BIRMINGHAM, Ala. C.U. Lending Products, Inc., the Alabama league's service corp., has signed an agreement with John M. Floyd & Associates, Inc. naming the profitability-consulting firm as its "Preferred Business Partner" for the JMFA Overdraft Privilege program. "This discreet service avoids the humiliation of members 'making good' on a check with a valued retailer," said CEO John M. Floyd. "Neither the customer nor the merchant loses time or productivity in straightening out an NSF (nonsufficient funds) mess."

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Two More Card Portfolios Sold

PORTLAND, Ore. AssetExchange, a brokerage firm for credit card portfolios, said it has facilitated the sale two more credit union card portfolios to Elan. The $111-million Fenton, Mo.-based Alliance Credit Union and the $8-million Syracuse, N.Y.-based P & C Employees FCU have both sold their portfolios to Elan, which is part of Minneapolis-based U.S. Bancorp.

Encore Merchant Services Chosen

WAKEFIELD, Mass. Encore Merchant Services said that Rockville, Md.-based Public Health Service FCU has become an agent of Encore Merchant Services, allowing it to offer point-of-sale acceptance solutions to their member businesses. Encore Merchant Services will handle all aspects of payment card acceptance, including account application and establishment, point-of sale terminal deployment, product development, customer service, and risk management services.

For more info: (301) 881-1870 ext. 230, or

Education Cruise Set To Sail

MADISON, Wis. CU EduCruises has scheduled a "World Class Risk Management" themed cruise for Nov. 9-16 in the Southern Caribbean aboard the Princess Cruise Lines' Dawn Princess. "The Southern Caribbean cruise will strike a balance between business learning, networking and adventure travel," the hosts said. The cruise program will be hosted and facilitated by Richard Woldt, CEO of "Credit Union Risk Management 007," and credit union business strategist John Vardallas. The program is designed to give credit union leaders an opportunity to learn and better prepare their credit union for a variety of risks.

For info: 800-343-1070 and ask for Kathy or Penny, or visit

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