Equifax Inc. said it has extended its card processing agreement with Card Services for Credit Unions Inc. of Clearwater, Fla., for five years.

Equifax has supported the credit union group since 1989, when the association served 478 members. It now has 1,750 credit unions. Cardholder accounts increased to 6.9 million, from 1.3 million.

The agreement will take effect Oct. 1, running through Sept. 30, 2004. Revenues over the life of the contract are estimated at $500 million. "We are pleased to continue our longstanding partnership," said Jerry Hines, Equifax senior vice president. "With our card processing expertise and CSCU's exclusive credit union focus, CSCU members will continue receiving top-notch service tailored to meet their unique needs."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.