Nashville-based credit card maker EFT Source has signed a deal with Albany, N.Y.-based Covera to market its Card@Once technology to Covera's more than 300 credit union customers. The Card@Once platform cuts time and money out of the card issuance process and has been growing quickly for 36-year-old EFT Source.
The Electric Service Credit Union has opened the doors to its office on Hendersonville's Indian Lake Boulevard, the third outpost for the $55 million institution. ESCU, which first stepped beyond its NES headquarters home downtown in 2008 with an office in Donelson, had net income of $242,000 last year.
"We have found that locating our branches in areas of new retail growth is a good move for us. Being located on a corner with neighbors like Sam’s Club and McDonald’s will attract families, and we hope to convert some of that traffic into business for the credit union."
Southeast Financial Credit Union has acquired a former BancorpSouth branch in Germantown for $1.8 million and will move its Midtown Memphis office out there. The Franklin-based institution finished 2010 with assets of about $400 million.
This is the first time in the history of Nashville’s public school system that a local business has earned the rights to be an official, named sponsor of a school program. Wyatt and Martin have been working on this partnership for several months to take the school’s business academy to the next level and provide students and staff exposure to “real-world” experiences and practical application of course material.About 50 businesses are expected to officially sign on next week for similar sponsorship deals with Metro public schools.