NJCUL Services Corporation Partners with John M. Floyd and Associates (JMFA)

Partnership provides profitability and expense reduction consulting to NJ credit unions 

HIGHTSTOWN, N.J. – NJCUL Services Corporation and John M. Floyd & Associates (www.JMFA.com) have partnered to provide credit unions comprehensive overdraft consulting and vendor contract negotiation services.

JMFA Next Generation Overdraft Privilege™ enables credit unions to offer a fully transparent overdraft solution with a compliance guarantee which provides a financial safety net for consumers. Through this partnership, NJCUL member credit unions will also be able to protect and strengthen revenue and relationships by enhancing member satisfaction and loyalty.

The program includes more in-depth analysis, continuous program monitoring and automated software for greater flexibility and improved efficiencies; greater access to key data and program information for improved tracking and reporting; and more education opportunities to improve employees’ program knowledge and confidence. JMFA’s comprehensive consulting approach provides a thorough evaluation and customized program, based on a credit union’s goals; effective member communication strategies; proactive compliance support and best practices around program policies and procedures; as well as strategies that maximize program participation without compromising compliance.

JMFA Contract Optimizer includes the review and negotiation of existing third-party vendor contracts in order to reduce expenses and achieve better terms on the products and services credit unions use every day. This 100 percent contingency-based service provides assessment of how existing service contracts, proposals and agreements rate in pricing, service and support, as well as terms and conditions in order to maximize savings for debit and credit card processing; card branding; core data processing; internet banking services and much more.

David Frankil, CEO of the New Jersey Credit Union League and Chairman of NJCUL Services Corporation credits JMFA’s expertise in overall performance and revenue enhancement strategies, compliance and best practices for overdraft services, along with consistent quality service as paramount in the decision to enter into this partnership agreement.

“As regulatory and economic challenges continue, we appreciate the resources JMFA offers that will provide value and proven expertise to New Jersey credit unions, while helping them to reach or exceed their performance goals and offer valuable financial products to their members,” he said. “We’re also pleased to announce that the partnership offers a special discount specifically to NJCUL members.”

For more than three decades, JMFA has delivered proven programs, strategies and a comprehensive consulting to help financial institutions provide superior account holder service while increasing non-interest income and reducing expenses.

“Competition in the financial services arena continues to increase, making it imperative for credit unions to have a full complement of strategies and resources to remain viable and provide exceptional member services,” said Jim Griffis of JMFA. “We’re excited to partner with NJCUL Services Corporation to support credit unions in their efforts to achieve measurable results by providing essential financial services that their account holders need and appreciate.”

For more information about JMFA’s profitability and expense reduction services and consulting, please visit www.JMFA.com or call Jim Griffis, Regional Director at (856) 449-2441.