CUETS

CUETS

March 31, 2006 09:00 ET

CUETS Announces Partnership Agreement with Meridian Credit Union

REGINA, SASKATCHEWAN--(CCNMatthews - March 31, 2006) - CUETS and Meridian Credit Union announced they have renewed their partnership agreement to provide CU CREDIT® MasterCard® services to 180,000 members of Ontario's largest credit union. The agreement took effect March 1, 2006.

"The credit union system has thrived thanks to strong partnerships forged with organizations with similar co-operative values," said Sean Jackson, President and CEO of Meridian Credit Union. "Renewing our relationship with CUETS, an organization created 25 years ago to support the credit union system, made sense for Meridian. We are very excited to continue offering our members a full suite of Meridian Credit Union MasterCard products, as well as the flexible CHOICE REWARDS® loyalty program."

Meridian Credit Union was formed with the amalgamation of two of Ontario's most successful credit unions, HEPCOE Credit Union and NIAGARA Credit Union, in April of 2005. Meridian is the third largest credit union in Canada with a network of over 40 branches across central and southern Ontario.

Jackson added CUETS, with its comprehensive product offering, coupled with marketing programs such as the Credit Approval Program (CAP) that empowers credit union staff to approve CU MasterCard applications when meeting with members face-to-face, and the merchant program through Unified Network Payment Solutions, provided the blend of acquiring and issuing services Meridian was seeking in a payment solutions partner.

"CUETS is very pleased to renew our partnership with Meridian Credit Union," said Stan Kuss, CEO of CUETS, adding the Regina-based organization is committed to providing all of Meridian's members top quality programs. "Whether it is through our marketing efforts or our contact centre service, CUETS will strive to earn Meridian and their members' business everyday."

Kuss looks forward to a strong future with Meridian Credit Union. "We are confident we will continue to strengthen the relationship between our two organizations throughout the lifetime of the agreement, and beyond, to the benefit of the entire Meridian membership," said Kuss.

About Meridian

Meridian Credit Union holds approximately $3.5 billion in assets, has more than 180,000 members, and more than 40 branches in Central and Southern Ontario including the Greater Toronto Area, the Niagara Region, Guelph, Barrie, Collingwood, Hanover, and Owen Sound. Meridian Credit Union Headquarters is located in St. Catherines, Ontario.

About CUETS

CUETS is a national supplier and partner in the Canadian co-operative system, providing a complete range of advanced payment systems and services to credit unions, caisses populaires, cardholders, merchants and other organizations. CUETS offers MasterCard® products and services, backed by one of the most widely recognized brands in the world. The CHOICE REWARDS® loyalty program gives participants flexibility in merchandise and travel rewards selection. CUETS is celebrating its 25th anniversary in 2006. To learn more about CUETS, visit www.cuets.ca.

Contact Information

  • CUETS
    Karey MacLean
    Corporate Communications Officer
    (306) 566-1559
    Website: www.cuets.ca
    or
    Meridian Credit Union
    Scott Windsor
    Corporate Communications
    (416) 597-5124