Rosedale Federal Savings & Loan Association Partners with CorServ to Implement a Modern Credit Card Program for Commercial, Business and Consumer Customers

ATLANTA, March 17, 2025 /PRNewswire/ -- CorServ, a company empowering banks and fintechs with payment card programs, has partnered with Rosedale Federal Savings & Loan Association, a well-established community bank based in Baltimore, Maryland. This partnership will enable Rosedale Federal to enhance its credit card offerings for both business and consumer customers through CorServ's cutting-edge card program.

Rosedale Federal, a trusted financial institution since 1908 with a mission to help its neighbors manage their everyday finances and access affordable home loans, operates 13 branches and holds $1.3 billion in assets. Upgrading from a previous provider's Agent Bank program, Rosedale Federal will utilize CorServ's Account Issuer program to better serve its customers and improve the bank's return on investment.

Rosedale Federal will offer a full suite of credit card products through CorServ, with a focus on business credit cards. Commercial customers of the bank will benefit from enhanced credit card options, self-service tools, customizable reports, virtual cards and expense reporting. Consumer and small business customers can choose from low-rate or high-reward cards. All cardholders benefit from personalized alerts, spend controls and two-way fraud text verifications.

"Our priority is to provide the communities we serve with the best-in-class banking solutions, and thanks to CorServ, our customers will have access to an elevated credit card experience," said Kevin Benson, Rosedale Federal President and CEO. "We are excited to partner with CorServ to serve our customers more effectively with their credit card needs while delivering stronger returns for the bank."

"We're thrilled to partner with Rosedale Federal to bring their customers a tailored, relationship-focused program that is competitive with national credit card issuers," said Anil Goyal, CEO of CorServ. "Our turnkey credit card solution provides a comprehensive set of capabilities including issuer processing, underwriting, servicing, program management and modern technology."

About CorServ
CorServ provides innovative payment card issuing, processing and program management solutions empowering banks and fintechs to successfully deliver credit, debit, prepaid, virtual, and purchasing cards. CorServ's turnkey credit card issuing program enables banks to earn a significantly higher ROA than the typical Agent Bank model, access cardholder data, and participate in credit decisions without adding staff or infrastructure. Banks can choose to be self-issuers leveraging CorServ's comprehensive technology and capabilities, and fintechs can embed payment cards into their platforms with CorServ's API-first issuer processor solution. For more information, please visit https://www.corservsolutions.com/ 

CorServ Business Inquiries:
David Luther
CorServ CBO
[email protected]

About Rosedale Federal Savings & Loan Association
For more than 116 years, Rosedale Federal Savings & Loan Association has been serving Baltimore City, Baltimore County and Harford County residents with unparalleled personal service and high-quality savings and loan products at competitive rates. Rosedale Federal is a locally run, independent mutual savings and loan institution headquartered in Perry Hall, MD, with 13 total locations in Overlea, Perry Hall, White Marsh, Abingdon, Forest Hill, Bel Air, Rosedale, Dundalk, Towson, Timonium, Parkville, Arbutus, and Pasadena. In 2024 the bank donated nearly $200,000 to numerous area organizations and causes. Rosedale Federal continues to be the community bank that treats its customers like neighbors. For more information about products, services, or locations visit https://www.rosedalefederal.com/.

MEDIA CONTACT:
Eden Dombrowa
281-733-3294
[email protected]

SOURCE CorServ