St. Petersburg, Fla. (April 29, 2025) – Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, announced it has been selected to provide debit and credit card processing support to 802 Credit Union (802CU).

802CU was formed in 2020 when two not-for-profit financial institutions with a combined 70 years of service to communities in Vermont joined forces. Today, 802CU serves over 37,000 members at nine branch locations across Vermont and holds $416 million in assets. The credit union is committed to providing local, personalized services that make a positive difference in the lives of its members and the community.

During its search for a debit and credit processing provider, 802CU was seeking to identify a true partner with a strong technology stack, industry-leading fraud prevention and integration capabilities to allow for a more seamless member experience. Following meetings with multiple potential partners and based on recommendations from existing Velera credit unions, 802CU made the decision to move forward with Velera.

“Velera hit the mark with everything we set out to find in our search for a new partner: quality services, shared values and strategic goals, open communication and easy integration to create added value and positive change for our members,” said 802CU Vice President of Operations Kate Boudreau. “We feel that Velera will be more than just a service provider, but rather a longtime and trusted partner to 802CU.”

Velera will begin providing debit card processing support to 802CU in September 2025 and credit card processing services in March 2026.

“802 Credit Union’s dedication to the credit union philosophy of ‘people helping people’ is closely aligned with Velera’s company values,” said Velera EVP, Chief Growth Officer Brian Scott. “We look forward to working in lockstep with their team to deliver industry-leading products and services, as well as an elevated member experience.”

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.