St. Petersburg, FL, April 30, 2008 – OnPoint Community Credit Union, Portland, Oregon, has signed a multi-year agreement for credit processing with PSCU Financial Services, the nation’s largest credit union service organization (CUSO). The credit union is the largest in Oregon with $2.6 billion in assets and 186,000 members. It is also the state’s largest indirect auto lender.
St. Petersburg, FL, January 7, 2008 – Stanford Federal Credit Union of Palo Alto, California, has signed a five-year contract to move its 19,000 signature and PIN debit and 8,500 ATM-only accounts to PSCU Financial Services, the nation’s largest CUSO. The credit union also renewed its processing contract for 11,000 credit accounts with the cooperative. The credit union has 47,000 members and $836 million in assets.
St. Petersburg, FL, January 17, 2008 – PSCU Financial Services announced that Tom Gandre brings his history of debit innovation to the newly created role of Chief Debit Officer effective immediately. Gandre oversees the cooperative’s debit services unit, which continues to report strong year-over-year growth in transactions, ATM placements and participation by new credit unions. PSCU Financial Services’ debit group currently services over 200 credit unions, 700 ATMs, and processes more than 7 million accounts that generate over 500 million transactions annually.
St. Petersburg, FL, January 22 2008 – Pentagon Federal Credit Union, of Alexandria, Virginia, the nation’s third largest credit union, has signed a five-year contract extension for credit and signature debit with PSCU Financial Services. The $10.5-billion credit union has 350,000 credit accounts and 120,000 signature debit accounts, and 770,000 members. It has been a member-owner of the nation’s largest CUSO since 1990.
St. Petersburg, FL, January 31, 2008 – Addison Avenue Federal Credit Union, Palo Alto, Calif., is well on its way to achieving its goal of $100 million in credit balances by the end of 2009. The credit union boosted outstanding balances by 24 percent in 2007 by working with AdvisorsPlusTM professionals from PSCU Financial Services, the nation’s largest credit union service organization (CUSO). The credit union has $2 billion in assets and 139,000 members.
WASHINGTON, D.C., February 4, 2008 – One of the key strengths of credit unions is their ability to work together. The annual Credit Union Cherry Blossom Ten Mile Run® showcases this cooperative culture as credit unions across the nation provide financial sponsorships and supply the thousands of volunteers needed for this major event.
St. Petersburg, FL, February 12, 2008 – Stanford Federal Credit Union, of Palo Alto, Calif., is the first credit union to deploy PayLynx™ for Small Business from PSCU Financial Services, the nation’s largest CUSO. The bill payment platform became available in December 2007.
St. Petersburg, FL, February 14, 2008 – PSCU Financial Services announced that Kyle L. Markland, Chief Executive Officer of Affinity Plus Federal Credit Union, St. Paul, Minn., has been named to PSCU Financial Services’ board of directors and Hubert Hoosman, Jr., President and CEO of Vantage Credit Union, St. Louis, Mo., has been appointed as an associate director.
St. Petersburg, FL, February 26, 2008 – PSCU Financial Services announced that the cooperative is providing grants for 12 elementary, middle and high school teachers from across the country to attend Credit Union Week at The Colonial Williamsburg Foundation’s Teacher Institute in Williamsburg, Va. The cooperative and its member-owner credit unions have sponsored attendance at the Institute for almost 100 teachers.
February 27, 2008 – Nine credit union industry institutions and groups announced today that they have formed the Credit Union Risk Council to assist credit unions in developing and implementing effective risk management activities. Participating institutions are: Card Services for Credit Unions, Credit Union Card Center, Credit Union 24, CUNA Mutual Group, The Members Group, Pemco Technologies, Pennsylvania State Employees Credit Union, PSCU Financial Services and TNB Card Services. Advisory participants include: CUNA, FBI, MasterCard, NAFCU, U.S.