BARRE, Vt.--802 Credit Union has chosen Velera for its debit and credit card processing support, Velera announced.
The $416-million 802CU said it was searching for a debit and credit processing provider that would be 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, the CU said.
“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.”