St. Petersburg, Fla. (Dec. 5, 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 Energy Capital Credit Union (ECCU) to provide debit card processing services, alongside continued credit card processing support.

Established in 1934 and headquartered in Houston, ECCU is dedicated to providing its members with the tools they need to realize their dreams – whether that is saving money, buying a home, purchasing a car or achieving another financial goal. Today, the credit union serves more than 19,000 members across six Texas counties and holds nearly $250 million in assets.

While reviewing its card processing partners, ECCU was looking to identify ways to maximize vendor relationships and streamline processes for both members and employees. The credit union felt Velera was well positioned to continue as its credit card processing partner, while adding debit to enhance and elevate ECCU’s overall card services and support.

“Whenever we are reviewing potential partners, Energy Capital Credit Union always prioritzes those that can help us meet or exceed our strategic goals, and we felt that Velera was the perfect partner to help us improve our debit and credit card processing services,” said DJ Contreras, vice president of Member Services at Energy Capital Credit Union. “By working with Velera, not only do we have accesss to additional features for our debit program – like contactless cards – but we are also working toward our ultimate goal of providing best-in-class member experiences and services, both in-branch and through our digital channels, as we look to the future of financial services.”

Velera will begin providing debit card processing support for ECCU in July 2025.

“Throughout our conversations with Energy Capital Credit Union, it was clear that they were only considering partners that could help them provide their members with elevated experiences and services, and we are proud to be the vendor they chose to achieve this,” said Velera EVP, Chief Growth Officer Brian Scott. “Velera looks forward to working alongside Energy Capital Credit Union in an expanded capacity to deliver the right mix of services and solutions to help the credit union not only meet, but exceed, its member expectations.”

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.