SunCorp Acquires Item Processing Service

February 04, 2002, 1:00 a.m. EST 1 Min Read

- ARVADA, Colo. (02/04/02) -- SunCorp CU said it willacquire the Colorado CU League's share draft processing operation.Terms of the deal were not disclosed. The 24-year-old programcurrently serves 122 credit unions in Colorado and Wyoming andprocesses 8.5-million share drafts per month. The new venture willadd substantial volume to SunCorp's existing share draft processingfranchise, which currently operates a service center in Salt LakeCity, Utah. The combined franchise will process 16 million itemsper month for 206 member credit unions.

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