WARREN, Ohio–7 17 Credit Union has selected Velera, the payments CUSO and an integrated financial technology solutions provider, to provide it with debit and credit card processing services and support.
The $1.8-billion credit union has more than 120,000 members served by 12 branches.
To find the right card processing partner, the organizations said 7 17 evaluated key factors, including each provider’s ability to enable long-term growth while keeping member experience top of mind. Ultimately, the credit union selected Velera for its exceptional service, operational expertise, ability to provide the best technology and solutions, and commitment to 7 17’s people-first mission.
‘Partner We Need’
“We are confident that Velera will be the partner we need to provide our members with world-class payments experiences and compete into the future,” Jeremy Wascak, SVP, digital innovation, data and strategy at 7 17, said in a statement. “We believe that – as a CUSO – Velera’s focus on innovation, understanding of and ability to meet the specific needs of credit unions makes them the right partner as we look to adapt to and thrive in a competitive and changing payments landscape”.
Velera said it will begin providing debit and credit processing support to 7 17 through a phased rollout spanning Q3 of 2026.
‘Shared Commitment’
“Our partnership with 7 17 reflects a shared commitment to innovative, industry-leading service,” Yvonne Stelpflug, SVP-client growth management at Velera, said in a statement. “We are confident our solutions will strengthen their card portfolio and provide a better experience for members, wherever they use their cards.”
