MADISON, Wis., March 9, 2010 (GLOBE NEWSWIRE) -- CUNA Strategic
Services (CSS) Inc. announced an expansion of its agreement with John
M. Floyd & Associates (JMFA) of Baytown, Texas, that will provide
credit unions with a program designed to dramatically enhance their
bottom line by improving their contracts for processing and technology
services.

JMFA Contract Optimizer provides expert advice on areas such as
pricing, service, support and conditions related to contracts for


  --  ATM/debit card processing
  --  Core data processing
  --  Credit card processing
  --  Check vendors
  --  Telecommunications
  --  Image/item processing
  --  Internet banking




As part of this agreement, JMFA Contract Optimizer will be available to
all credit unions and will be integrated into the VendorTrack product
from CSS. VendorTrack provides credit unions with a secure, centralized
repository to manage third-party relationships and due diligence
documents.

"This service is a valuable addition to the products CUNA Strategic
Services offers its member credit unions," said CSS Senior Vice
President Wes Millar. "With the vendor resources provided by
VendorTrack and JMFA's expertise in contract negotiations, credit
unions will be able to make better-informed decisions when looking for
the best service at the best price. This is especially relevant in
today's business environment."

According to John M. Floyd, chairman and CEO of JMFA, as credit unions
continue to deal with economic challenges, many are looking for
strategies to improve their bottom line without further budget cuts or
additional member fees. "With our knowledge of the industry and its
ever-changing climate, we can help credit unions optimize savings for
their products and services," he said.

Floyd explained that by analyzing the terms and costs of a credit
union's current contracts, JMFA's experts discover areas of savings and
improved service. They take that information and determine benchmarks
for the existing vendors to meet in order to maintain a contract. The
initial analysis is free, representing a savings of $1,500 to $2,500
over competing contract consultant fees.

Since 2003, JMFA Contract Optimizer has had a 98 percent success rate
-- saving financial institutions more than $24 million by lowering the
cost of contracts and simultaneously improving the level of services
received.

"We have partnered with JMFA since 2003," Millar said. "We know
first-hand that they are the experts when it comes to providing
workable solutions and value-added products for helping credit unions
improve their performance and their bottom line."

About CUNA Strategic Services

CUNA Strategic Services Inc., owned jointly by Credit Union National
Association (CUNA) and the state leagues, saved credit unions $40
million in 2009 through its national pricing programs. It provides
credit unions with access to high quality products, services, and
technologies delivered with a competitive advantage made possible
through volume pricing and strategic program development. For more
information, call (800) 356-8010 and press 3, or visit
www.cunastrategicservices.com.

About JMFA

John M. Floyd & Associates (JMFA) is a Baytown, Texas-based firm
specializing in profitability and performance improvement, serving more
than 2,000 financial institutions in all 50 states and Central America.
JMFA is recognized for 100 percent compliant overdraft privilege
programs, training, executive placement, fraud protection solutions, as
well as product, service, pricing and technology improvement
consulting. As a direct result of its programs, JMFA has helped
thousands of clients dramatically improve their performance and their
bottom line. To learn more about JMFA please visit www.JMFA.com or call
(800) 809-2307.

The John M. Floyd & Associates logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4672


CONTACT:  CUNA Strategic Services
          Michelle Cunningham, Associate Manager, New Alliances
          (800) 356-9655, ext. 4067
          mcunningham@cuna.coop
         
          JMFA
          Steve Swanston, Executive Vice President, Business Development
          (800) 809-2307
          Steve.Swanston@JMFA.com
         
          Hagen and Partners
          Shelley Bartkoski
          (913) 642-3715
          sbartkoski@hagenandpartners.com