MAP welcomes 12 credit unions to the CUSO in 2022 as the company continues to grow more than 20 percent annually.
February 1, 2023
MAP welcomes 12 credit unions to the CUSO in 2022 as the company grow smore than 19 percent annually.
As the company enters its 25th Anniversary Year, it grew more than 19 percent annually with industry best service.
Seattle, WA – February 13, 2023 – Member Access Processing (MAP), the nation’s leading provider of the Visa DPS Debit, Credit, ATM, Prepaid, and Mobile Processing platform to credit unions, welcomed 12 new credit unions to its client roster in 2022. Each credit union benefits from MAP’s single point, direct connection to Visa through its unrivaled service model giving members greater access to financial versatility. This marks another milestone for MAP as a Credit Union Service Organization (CUSO) that has achieved 19 percent annual growth as a demonstrated payments leader and innovator.
“We’re very excited about the diverse nature, number, and size of credit unions joining MAP,” said Cyndie Martini, MAP’s President and CEO. “True to our mission, MAP offers credit unions, whatever their size, the same service, opportunity, and solutions that they strive to provide for its own members.”
Transactions grew at a robust 19 percent in 2022. With the year’s results, the company continues record annual growth year-over-year. MAP benchmarks its transaction volume to Visa. Visa’s processed transactions grew 12 percent during its Fiscal Year 2022.
“MAP completed the year in a strong position to bring on new clients and provide the unparalleled level of service we are known for,” states Jeff Sims, MAP’s Chief Financial Officer. “MAP’s advantage has always been to scale more competitively in the areas of service and technical expertise.”
MAP’s growth matches the overall health of the credit union industry. Over the past decade, credit unions have seen growing popularity among younger generations who are attracted to lower fees and greater community connection and commitment. An important part of the industry’s growth has been the ability of MAP to give its credit union customers and members access to premium credit and debit card benefits. Increasingly, customers’ connection to their cards is the strongest link to a credit union or bank.