Products and Services Offered Through This Provider

Prepaid gift cards, reloadable debit cards

Who is ICUL Service Corporation?

ICUL Service Corporation, a subsidiary of the Illinois Credit Union League, is a provider of electronic payment services including prepaid gift cards and reloadable general purpose cards. The Naperville, Ill.-based credit union service organization serves credit unions in 45 states.

How do credit unions benefit from this strategic alliance?

Prepaid cards have become the fastest growing form of payment in the past 20 years. In 2008, consumers loaded $8.7 billion onto prepaid cards and purchased $7.7 billion in gift cards. Beyond serving your members, you’ll also earn non-interest income from the prepaid cards.

• With this turnkey program, ICUL Service Corporation assumes all the fraud risk associated with issuing prepaid cards. This protects your credit union from liability and fraud exposure.
• Implementation takes only two weeks and training for your staff is available.
• You avoid the overhead and workload of managing a card program.
• Marketing materials are provided to promote the card offering.

Why this provider over another?

ICUL Service Corporation serves more than 2,000 credit unions in 45 states with its CUMONEY product line. It launched its gift card program in 2005 and prepaid cards in 2007.

Ready to get started?

• For more information, contact Brenda Halverson, CSS alliance manager, at 800-356-9655, ext. 4110, or bhalverson@cuna.com.

More Information about ICUL Service Corporation Products

Sample marketing materials

• Poster – Give the Gift They Want 
• Statement insert – Give the Gift They Want