Tampa, Fla. (May 5, 2026) – Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, is pleased to announce it will provide Cedar Point Federal Credit Union (Cedar Point) with debit and credit card processing services and support.

Based in Maryland, Cedar Point serves more than 47,000 members and manages over $882 million in assets. The credit union has been helping members build sound financial habits and access low-cost credit since 1945, offering high-quality products, personalized service and trusted guidance to support their long-term goals.

In selecting a debit and credit processing provider, Cedar Point worked closely with its advisory partners to evaluate the industry’s leading options. Following a comprehensive RFP process and review, the credit union chose Velera for its modern payments experience, enhanced fraud protection and stronger support for members and staff.

“From the start, we were focused on finding a partner that understands both the operational demands of a growing credit union and the expectations of today’s cardholders,” said Cedar Point President and CEO Charlie Roach. “Working with Velera will enable us to streamline our card programs and provide the modern options our members rely on.”

Velera will begin providing debit and credit card processing support to Cedar Point through a phased rollout from late 2026 to early 2027.

“Our partnership with Cedar Point reflects a shared commitment to serving members with innovation and care,” said Tiffany Doty, SVP, Sales at Velera. “We’re proud to provide the secure, modern card solutions their members expect while supporting the credit union’s mission of financial empowerment.”

About Velera

Velera 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.