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CUNA: Credit Union National Association

ICUL Service Corp. Endorses Floyd & Associates

Illinois credit union members who bounce share drafts can avoid embarrassment, inconvenience, and additional costs if their credit union offers a new overdraft privilege program endorsed by ICUL Service Corp. (LSC), Naperville, Ill.

LSC, a subsidiary of the Illinois Credit Union League, has signed an agreement with John M. Floyd & Associates, Inc. (JMFA) of Houston, naming the profitability consulting firm as its "business partner" for the JMFA Overdraft PrivilegeSM program.

Through contractual arrangements, JMFA now has approvals to jointly offer its overdraft privilege program with leagues, associations, or their service firms, representing 21 states. JMFA also has a business associate relationship with the Delaware Credit Union League and is a strategic alliance provider with the Credit Union National Association.

"With overdraft privilege, Illinois credit unions have the opportunity to enhance member satisfaction while also increasing their noninterest income," notes George Fiegle, LSC’s executive vice president/chief operating officer.

Contact JMFA at 800-809-2307 or at John.Floyd@jmfa.com.

 

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