News from the Wire

Velera, Keesler FCU expand partnership

Thursday, November 21, 2024 — 12:54:49 (EST)

St. Petersburg, Fla. (Nov. 20, 2024) – Velera – formerly PSCU/Co-op Solutions, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider – is pleased to announce its expanded partnership with Keesler Federal Credit Union (Keesler Federal) to provide debit card processing and support.

Based in Mississippi, Keesler Federal is one of the largest credit unions in the Southeast, serving over 327,000 members across 41 branches and holding more than $4.1 billion in assets. Established in 1947, Keesler Federal was founded on a vision for unity and the common good, building a cooperative financial partnership that would pool funds for the benefit of all members. More than seven decades later, that guiding vision remains.

During its search for an ideal debit card processor, Keesler Federal sought out a collaborative partner that would truly understand the value of its members.

“For over 40 years, Velera has served as an esteemed partner to our credit union and – by extension – our members,” said Keesler Federal Vice President of Consumer Lending Jim Freeland. “As we looked to consolidate our credit and debit card processing to one singular partner, our decades-long relationship with Velera, along with its innovative model that continues to meet the current and future needs of our members, made it a clear choice for this line of business.”

Velera will begin providing debit card processing support to Keesler Federal in September 2025.

“Keesler Federal is the type of organization we appreciate working with, as its mission and commitment to members does not waver, and has not for more than 75 years,” said Velera EVP, Chief Growth Officer Brian Scott. “At the same time, we share a mutual commitment to providing innovative solutions that meet the evolving needs of today’s credit union members. Velera looks forward to growing our relationship with the Keesler Federal team through the addition of debit card processing services, and we are grateful for their team’s continued trust in us as a longtime partner.”

About Keesler Federal

Established in 1947, Keesler Federal is the largest credit union headquartered in Mississippi with total assets exceeding $4 billion, more than 327,000 members and 41 locations throughout coastal and central Mississippi, greater New Orleans, Mobile, Ala., and the United Kingdom. As a not-for-profit financial cooperative, Keesler Federal is committed to building a stronger community, one member, one relationship, one financial solution at a time. Named by Newsweek as one of America’s Best Regional Banks and Credit Unions for 2024, Keesler Federal membership is available to people who live, work, worship or attend school within its service areas. For more information, visit kfcu.org and follow us on Facebook, Instagram, X (Twitter), and LinkedIn. 

About Velera

Velera, formerly PSCU/Co-op Solutions, is the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider. With over four decades of industry experience and a commitment to service excellence and innovation, the company serves more than 4,000 financial institutions throughout North America, operating with velocity to help its clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Velera leverages its expertise and resources on behalf of credit unions and their members, offering an end-to-end product portfolio that includes payment processing, fraud and risk management, data and analytics, digital banking, instant payments, strategic consulting, collections, ATM and POS networks, shared branching and 24/7/365 member support via its contact centers. For more information, visit velera.com.

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Source: Company press release.