Velera Named Debit and Credit Processing Partner for Mutual Federal Credit Union

​Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, is pleased to announce it will provide Mutual Federal Credit Union (Mutual CU) with debit and credit card processing services and support.
 
Founded in 1931 as the Federal Credit Union of Vicksburg, Mutual CU is Mississippi’s oldest credit union and, as the fourth credit union in the U.S. to offer online account services, an early pioneer of digital innovation. Today, the credit union serves more than 42,000 members across five states and holds over $490 million in assets. Mutual CU is committed to providing personalized support and a full range of financial solutions to help its members achieve their goals.
 
In selecting a debit and credit processing provider, Mutual CU sought a dependable partner with a proven track record of working with its core and home banking systems. The credit union ultimately selected Velera, citing the organization’s competitive market position and recommendations from existing Velera clients. 
 
“We chose Velera for its strong integration capabilities and shared commitment to exceptional service,” said Mutual CU CEO Michael Mathews. “Together, we have the right team to modernize Mutual CU’s card programs and ensure they keep pace with members’ needs.”
 
Velera will begin providing debit and credit card processing support to Mutual CU in summer 2027.
 
“Mutual CU has a clear vision for how they want to advance their card programs, and we’re excited to help them get there,” said Yvonne Stelpflug, SVP, Client Growth Management at Velera. “We look forward to working closely with their team and delivering industry-leading service across every touchpoint.”