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EZ Launch Credit Card Program

  • The EZ Launch credit card option is brought to your credit union through a partnership of the Georgia Credit Union Affiliates and the Illinois Credit Union League Service Corporation. The credit card processor is Fidelity National Information Services, Inc. (formerly Certegy Card Services).
  • There is no one-time cost to start this program.
  • The implementation time of this program is @ 12 weeks.
  • The credit card plastics can be branded with your credit union logo or name or the generic name – Services Credit Union.
  • Loan decisions, funding of receivables, loan losses, maintaining a credit card database, chargebacks, lost/stolen calls, fraud monitoring, fraud case filing, accounting, member service, and marketing are handled by ICUL Service Corporation.
  • 5% of the finance charge income will be refunded to your credit union by ICUL Service Corporation monthly.
  • Participating credit unions will be given applications and marketing materials that should be displayed at their credit union.
  • Participating credit unions are required to forward a file with the names and addresses of all of their members quarterly to ICUL Service Corporation for marketing purposes. ·
  • ICUL Service Corporation will never use your credit union membership list to market any other product to members other than credit cards.
  • Your credit union can make an offer to purchase their credit card portfolio back from ICUL Service Corporation after two years.
  • If your credit union merges with another credit union, ICUL Service Corporation could sell your existing credit card portfolio to the surviving credit union. If your credit union is the survivor and the other credit union also has a credit card program, ICUL Service Corporation could review their portfolio and make an offer to buy it. It could then be merged into your card portfolio.
  • Since statements, letters and other correspondence will be branded with the generic Services Credit Union logo, a letter of explanation of your partnership with this credit union entity will be sent to your members. It will explain that in an effort to give competitive credit card program options to your members, you have made the decision to partner with a credit union credit card provider.
  • Interest rates and credit limits offered to qualified members will be based on reward-based lending.
  • Three card programs will be available to members – Visa Classic, Visa Platinum and Visa Platinum Preferred (with ScoreCard Bonus Points redeemable for rewards and travel options, $1,000,000 Travel Accident Insurance and 24 X 7 member service).
  • Interest rates are variable and range from 8.99% to 17.99%.

For more information, please call GCUA at (770) 476-9625 or (800) 768-4282, or e-mail Lending@gcua.org.

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