Credit Unions Move into a New Era with MYCU Debit Card
Posted on: 14 Oct 2021
A new credit union debit card and current account has been launched today by CUSOP, the associated payment company of the Irish League of Credit Unions. The MYCU Mastercard Debit Card and Current Account are now available to over 400,000 credit union members across Ireland.
Actress Fiona Ryan was on hand to help launch the new MYCU Mastercard Debit Card which will initially be available to approximately 400,000 credit union members
Credit Unions offer an unparalleled customer experience for their members and have been voted the best customer experience for the 6th consecutive year, by the CXi Awards. The MYCU Debit Card and Current Account offers members the opportunity to complete and manage all of their day-to-day banking requirements with their credit union whilst delivered with that personal, local customer experience unique to credit unions.
President of the Irish League of Credit Unions Helene McManus, commented that the MYCU Debit Card is vital for the future of Ireland’s credit unions: “People in Ireland massively embraced debit cards and online banking from day one and it makes sense that their local trusted credit union can now offer this level of convenience and access to their finances.”
The MYCU Debit Card is part of the Mastercard network and can be used at millions of locations worldwide. The debit card allows members to access their account worldwide.
Sonya Geelon, County Manager for Mastercard Ireland commented: “We are proud to be partnering with CUSOP on the MYCU Debit Card and helping to bring safe, simple and secure payments to all their customers. With a Mastercard debit card customers have the choice of how they wish to pay, whether in person or online, and with the peace of mind that no card is more widely accepted around the world.”
The card is visually striking, with a vibrant, modern and contemporary look. It is designed as a vertical card which reflects how cards are inserted into card machines and used to tap and pay. It has unique printing on the card, it doesn’t have the traditional embossing style so there is no indent effect on the reverse of the card.
Uniquely, the card also has an added feature, a semi-circular indent on one side to assist members who may be visually impaired.
Dermot Griffin, CEO CUSOP commented that: “CUSOP, as an associated company of the Irish League of Credit Unions, are the leading payments partner for credit unions in Ireland. We are delighted to partner with industry experts such as Mastercard, FIS and Railsbank technology (UAB Payrnet) to bring the MYCU Debit Mastercard to credit unions. The MYCU Debit Card and Current Account has been designed by credit unions for credit union members. The introduction of the MYCU service enables credit unions to provide a full suite of day-to-day banking services to their members, it offers real choice and competition within the financial services market.”
Helene McManus added: “The Irish League of Credit Unions is committed to supporting the development and enhancement of new technologies and payment services for credit unions in Ireland. Given the withdrawal of major financial institutions from the Irish market and the reduction in local branches of the remaining banks, credit unions, more than ever, are being relied upon to provide an alternative local service and with the introduction of the MYCU Debit Card and Current Account we are proving to members that we continue to be here for them when they need us.”
The service is currently being rolled out to 16 of the largest Credit Unions in the country covering 44 locations nationwide with several more Credit Unions due to launch the service in the coming month.