Press Releases

PSCU Financial Services is a leading provider of traditional and online financial services for credit unions. Our innovative products and value-added solutions drive increased member satisfaction and loyalty. Click the link below to learn more.

For Media Inquiries or if you would like a PSCU Financial Services representative to speak at your conference, please contact Merry Pateuk, Director Public Relations at 800-932-7728 or email mpateuk@pscufs.com.

• 1st Quarter 2008
• 4th Quarter 2007
• 3rd Quarter 2007
• 2nd Quarter 2007
• 1st Quarter 2007
• 4th Quarter 2006
• 3rd Quarter 2006
• 2nd Quarter 2006
• 1st Quarter 2006
• 4th Quarter 2005
• 3rd Quarter 2005
• 2nd Quarter 2005
• 1st Quarter 2005

1st Quarter 2008

• PSCU Financial Services Urges Credit Unions to Use VMAlliance
• PSCU Financial Services Gives Credit Unions Entire $20.5 Million Proceeds From Visa's IPO
• GTE Federal Credit Union Selects PSCU Financial Services For Debit and Credit Processing
• PSCU Financial Services, CheckFree Join Forces to Educate Consumers about Environmental Benefits of Online Bill Payment
• Credit Union Cherry Blossom Ten Mile Run Raises $1 Million for Children's Miracle Network
• PSCU Financial Services Issues Dividend of $24.1 Million
• Credit Unions Gain Insight into Gen Y Money Matters at Projectnewage.com  
• PSCU Financial Services Debuts Contactless Cards for Credit/Debit Platforms  
• Financial service Centers Cooperative, Inc., and PSCU Financial Services Partner to Deliver Mobile Banking
• Industry Leaders Form Credit Union Risk Council
• PSCU Financial Services Provides Grants for 12 Teachers To Attend Colonial Williamsburg Foundation’s Teacher Institute
• Kyle Markland, Hubert Hoosman, Jr., Named to PSCU Financial Services’ Board of Directors
• Stanford Federal Credit Union First to Deploy Small Business Online Bill Payment from PSCU Financial Services
• Credit Union Cherry Blossom Run Nurtures Cooperative Nature of Credit Union Industry
• Addison Avenue Federal Credit Union Grows Outstanding Balances By 24 Percent in 2007
• Congressional Federal Credit Union Converts Debit Platform to PSCU Financial Services
• Pentagon Federal CU Signs Five-Year Contract for Credit and Debit Processing with PSCU Financial Services
• PSCU Financial Services Names Industry Innovator Tom Gandre to New Chief Debit Officer Position
• Credit Unions ‘Go Green’ With Online Bill Payment Service
• PSCU Financial Services to Offer Mobile Banking
• PSCU Financial Services Contributes $50,000 for Continuing Support of NACUSO’s National Center for Collaboration and Innovation
• Stanford Federal Credit Union Converts Signature, PIN Debit To PSCU Financial Services 

4th Quarter 2007

• PSCU Financial Services is Lead Partner for 2008 Credit Union Cherry Blossom Run
• Gen Y Comes With High Speed PSCU Financial Services Launches Web Site to Educate Credit Unions on How to Market to Gen Y
• Alliance Credit Union Gets Back into Credit Cards With PSCU Financial Services  
• PSCU Financial Services Provides Free Prepaid Card Readers to Participating Member-Owner Credit Unions
• PSCU Financial Services Joins PCI Security Standards Council as Newest Participating Organization
• BECU Nearly Doubles Credit Card Outstandings In Just 2 Years Thanks to Targeted Promotions
• PSCU Financial Services Announces Keynote Speakers for Spring 2008 Annual Member Forum
• Custom Call Center Outlet, Shared Branches Providing Support for Fire-Ravaged Credit Unions
• Centra Credit Union Converts Signature/PIN Debit AccountsTo PSCU Financial Services
• PSCU Financial Services’ PayLynx™ Online Bill Payment Surpasses 500,000 Subscribers Milestone
• North Carolina State Employees' Credit Union Partners with PSCU Financial Services for Gift Card Program
• PSCU Financial Services Expands Capabilities of DataChoice™ Analysis Platform for Users of Its
  CreditAbility™ Platform
• Provident CU Converts PIN Debit/ATM Cards To PSCU Financial Services
• Continental FCU Reports ‘Turbulence-Free’ Conversion to PSCU Financial Services’ DebitAdvantage™
• PSCU Financial Services Joins African-American Credit Union Coalition In Support of Martin Luther King Memorial

3rd Quarter 2007

• Industry Veteran Peter Grandelli Joins PSCU Financial Services as Chief Operating Officer
• PSCU Financial Services Project New Age Propels Credit Unions to Serve Gen Y Needs — Javelin Research Study Shows that Loyalty to a Financial Institution
• PSCU Financial Services Adds Customization, Cost Control to Industry-Leading CURewards™ Platform
• $4.6 Billion Alliant Credit Union Converts 45,000 Credit Accounts To PSCU Financial Services 
• PSCU Financial Services Provides One-Stop Credit/Debit Solution for La Capitol Federal Credit Union
• Langley FCU, Nordstrom FCU Convert Online Bill Pay Subscribers to PayLynx from PSCU Financial Services
• First Data Earns Processing Contract Renewal with PSCU Financial Services

2nd Quarter 2007

• Florida Telco Credit Union Signs Agreement to Move Credit Card Portfolio to PSCU Financial Services  
• Arrowhead Credit Union Moves PIN Debit to PSCU Financial Services
• Redwood Credit Union Posts Impressive Double Digit Credit Growth over Past 3.5 Years
• Community First CU’s Credit Card Story:Great Rates and Great Rewards Yield Great Results
• Michigan Educational Credit Union Supports Innovative American History Program at 53 Schools
• Washington Credit Union Remembers Veterans by Working with MOMS on Visa Gift Card Program—Mothers of Military Support Give Cards to Veterans in Need
• PSCU Financial Services Prevails in AIG Lawsuit—CUSO Recovers in Excess of $2.4 Million For Denied Claim
• PSCU Financial Services’ Annual Golf Benefit Raises $11,000 For Phoenix Children’s Hospital
• NARFE Premier Federal Credit Union Converts Payment Products to PSCU Financial Services
• PSCU Financial Services Becomes First in Credit Union Market To Contract for CheckFree's Web for Small Business
• Officers Named to PSCU Financial Services’ Board of Directors
• Washington Telephone FCU Converts Credit Card Accounts to PSCU Financial Services—Cooperative’s Platform Offers Customization, Flexible Marketing Promotions
• Neighbors Credit Union Boosts Credit Outstandings by 23 Percent in 2006—CU Implemented CURewards™, Account Level Processing from PSCU Financial Services

1st Quarter 2007

• PSCU Financial Services’ Annual Golf Benefit
  Raises $11,000 For Phoenix Children’s Hospital
• PSCU Financial Services Issues Record Dividend of $25.8 Million —Nation’s Largest CUSO Returns Value to Its Member-Owners
• Pen Air Federal Credit Union Signs 5-Year Contract with PSCU Financial Services for Credit Processing— Program Offers Extended Contact Center Hours, Reduced Risk of Fraud
• MCT Federal Credit Union Contracts with PSCU Financial Services for Online Bill Payment—Program Offers Ease of Use, No “Float”
• Citizens Equity First CU Moves Credit, Debit Processing to PSCU Financial Services—Large Credit Union Cites Partnership as Reason for Conversion
• PSCU Financial Services, Digital Dialogue Combine Business Operations
• PSCU Financial Services Debuts New Product Suite Of Financial Services for Small Businesses
• PSCU Financial Services Debuts New Online Video That Touts Benefits of Online Bill Payment
• Air Force Personnel Tour PSCU Financial Services’ Network Operations Center

4th Quarter 2006

• PSCU Financial Services Continues Commitment to
  Filene Research Institute; Funding Will Total $500,000—Research Vital to Helping CUs Attract, Serve Younger Members
• Century Federal Credit Union Taps PSCU Financial Services For Credit Card Processing—CU Signs Contract to Help Grow Its Credit Portfolio
• Justice FCU to Implement Full-Service Credit Processing Solution from PSCU Financial Services—CreditAbility™ Platform Will Enable Coordinated Promotions, 24 x 7 Member Support
• Putting Members First Drives Philosophy at Affinity Plus FCU— Credit Outstandings Up By $2 Million Through Focus on Member Needs
• PSCU Financial Services Becomes First In Credit Union Market to Contract for CheckFree’s FraudNet™—FraudNet Will Deliver Proactive Fraud Protection for PayLynx™ Online Bill Payment Subscribers
• PSCU Financial Services On Track to Achieve Best Financial Performance in Its History
• Contra Costa FCU Signs Five-Year Agreement for Signature Debit Processing from PSCU Financial Services
• Debit Rewards Program Pays off for Novartis FCU—Credit Union’s Debit Cards Outperform Industry for Average Transaction Amount, Number of Active Account
• Northern Mass Telephone Workers Credit Union Signs New Debit Contract, Renews Credit Processing Agreement
• Nevada Federal Credit Union to the Rescue—CU Joins with Las Vegas Fire & Rescue Foundation to Provide Visa Gift Cards For Urgent Needs

3rd Quarter 2006

• Credit Union ONE’s Ambitious Promotion for PayLynx™ Online Bill Payment Program Yields Outstanding Results
• Arsenal Credit Union Teams Up With Nation’s Largest CUSO
• Giving Credit Where Credit is Due—Virginia CU Implements Account-Based Pricing to Stay Competitive, Reward Low-Risk Credit Cardholders
• American Eagle FCU Soars to New Heights—Credit Union Employs Automated Tools, AdvisorsPlus™ to Boost Credit Card Balances 13 Percent While Dropping Delinquency Rates
• Firstmark Credit Union Signs New Credit Card Processing Contract—Lone Star State Credit Union Moves Credit Cards to PSCU Financial Services’ CreditAbility™ Platform
• PSCU Financial Services Names Industry Veteran Steve Ruwe to New Chief Risk Officer Position
• Helping Gen Y Builds Build Credit: One-on-One Education Sets MCU Financial Center CU’s Gen Y Product Offering Apart
• PSCU Financial Services Expands Phoenix Contact Center
  To Handle Growth in Services, Volumes—New facility doubles capacity; 70 new local employees have been hired since January
• PSCU Financial Services Introduces Reloadable Prepaid Card Targeted for Students, Travelers and General Purpose Use
• Entrust FCU Signs Agreement for Web, Call Center Lending Solutions from PSCU Financial Services
• Fairfax County FCU Taps PSCU Financial Services For Signature, PIN and ATM Debit Processing, Servicing
• PSCU Financial Services Debuts New Identity Theft Solution

Top

2nd Quarter 2006

• Clearview FCU Converts Signature, PIN and ATM Debit to PSCU Financial Services—Credit Union Also Renews Credit Processing Agreement
• PSCU Financial Services Hits 10 Million Accounts—Nation’s Largest CUSO Celebrates by Donating $100,000 To Credit Union-Centric Groups
• CFE Federal Credit Union Signs New Signature Debit Contract, Renews Credit Processing Agreement
• Transportation Federal Credit Union Moves Card Processing to PSCU Financial Services
• PSCU Financial Services to Sponsor Free One-Day Security Seminars in 10 Cities This Summer 
• HAPO Community CU Doubles Outstandings—Credit Union Works with PSCU Financial Services to Boost Activation, Usage Rates
• PSCU Financial Services Welcomes Catholic Federal Credit Union
• PSCU Financial Services Funds 25 Teachers for Credit Union Week at the Colonial Williamsburg Teacher Institute
• Florida Credit Union Selects PSCU Financial Services For Debit and Credit Processing
• Golfers Tee Up For A Miracle—PSCU Financial Services Golf Benefit Raises $14,500 For Children’s Miracle Network Hospitals
• Franklin Mint FCU Enjoys Benefit of CUAlways™
  Support During Recent System Conversions—PSCU Financial Services Speeds Implementation to Assist Members as Credit Union Changes Key Service Providers
• Officers Named to PSCU Financial Services’ Board Of Directors 
• PSCU Financial Services and Ongoing Operations, LLC Sign Partnership Agreement—$250,000 Invested in CUSO that Provides Disaster Recovery Solutions for Credit Unions
• S.C. Federal Credit Union Boosts Credit Outstandings by Almost 10 Percent with Rewards-Based Platinum Promotion 

Top

1st Quarter 2006

• PSCU Financial Services Issues Nearly $23 Million in Patronage Dividends to Member-Owner Credit Unions
• Baxter Credit Union Uses Debit Card Rewards to Increase Transaction Volumes, Interchange Income  
• Tampa Bay FCU Signs Three-Year Contract For Credit, Debit Processing with PSCU Financial Services
• PSCU Financial Services and Ongoing Operations LLC Sign Letter of Intent
• FAIRWINDS Credit Union Raises Outstanding Credit Balances More than 20 Percent With Initial Promotion
• Kirtland FCU Launches CUAlways™ 24 x 7 Member Service Support
• Credit Unions Donate $200,000 to Red Cross Hurricane Relief—Member Credit Unions Donated 1% of Interchange Income Through PSCU Financial Services’ Voluntary Program 
• PSCU Financial Services and Wescom Team Up to Offer Credit Unions New Option for Selling Card Portfolios—Alliance Will Provide an Industry Solution for an Industry Need, Offering CUs an Alternative to Bank-Owned Acquirers
• PSCU Financial Services Announces Agenda, Speakers for Its 2006 Member Forum in April 

Top

4rd Quarter 2005

• CFE FCU Signs Agreement for CUAlways™ Member Service Support
• PSCU Financial Services Signs Agreement with Illinois State Police FCU For Card Processing Services
• Digital Insight and PSCU Financial Services Form Strategic Partnership to Promote Array of Financial Services
• PSCU Financial Services Issues $3.3 Million in PatronageEquity to Member-Owner Credit Unions — $45 Million Paid Out Since Company Became a Cooperative
• Making A Difference:  PSCU Financial Services Dedicates Signage at Pinellas Village
• PSCU Financial Services and CheckFree Extend Strategic Partnership to Offer Electronic Billing and Payment Solutions
• Lake Michigan CU Integrates PIN & Signature Debit Processing with PSCU Financial Services CU Benefits From One-Stop Processing For Debit/Credit Programs

Top

3rd Quarter 2005

• BECU Converts Credit Card Processing to PSCU Financial Services' CreditAbility™ Platform
• PSCU Financial Services Deepens Marketing Expertise
• PSCU Financial Services Makes $50,000 Contribution To CUNA Lending Council Scholarship Fund
• 66 Federal Credit Union Uses Debit Card Rewards to Attract New Checking Accounts, Increase Transaction Volumes
• PSCU Financial Services Donates $250,000 To Hurricane Katrina Relief Efforts
• PSCU Financial Services Welcomes Direct Federal Credit Union
• Credit Unions Achieve Greater Flexibility, Control of Credit Card Data with PSCU Financial Services’ Data eXchange
• PSCU Financial Services Provides One-Stop Debit/Credit Solution For People’s Trust Federal Credit Union

2nd Quarter 2005

• PSCU Financial Services’ Contact Centers Earn ‘Center of Excellence’ Certification
• PSCU Financial Services Launches Regional Member-Owner Meetings
• PSCU Financial Services’ Todd Slater Awarded ‘Learning Leader of the Year’
• SECU Employees Accessorize With Mortarboards and Wedding Attire To Promote Special Occasion Gift Cards
• PSCU Financial Services Delivers “One Call Does It All” Contact Center Support for Debit Cardholders
• DuPont Community CU Reports Outstanding Credit Growth From “You’ll Think We Have Lost Our Marbles” Campaign
• Credit Unions Migrate to Enhanced DebitAdvantage™ Platform for Signature & PIN Debit Processing — Citadel FCU Gives PSCU Financial Services High Marks for Smooth Migration
• Golfers Aim For A Miracle— PSCU Financial Services Golf Benefit Raises Over $12,500 For Children's Miracle Network Hospitals
• Pearl Harbor Federal Credit Union Partners With PSCU Financial Services
• Teachers Assume Role of Students Thanks to Funding From Credit Union Industry — PSCU Financial Services Taps 25 Educators To Learn Innovative U.S. History Teaching Methods at Colonial Williamsburg’s Teacher Institute
• CURewards™ Surpasses 1 Million Cardholders— PSCU Financial Services’ Highly Successful Cardholder Loyalty Program Keeps Members Reaching For Their Credit Union Credit and Debit Cards
• qbt's MultiPoint Integrator Licensed by PSCU Financial Services
• PSCU Financial Services Elects Officers for Board of Directors
• Speakers at PSCU Financial Services' Member Forum Highlight Attractive Opportunities for CU Industry

1st Quarter 2005

• PSCU Financial Services Awards 1.6 Million CURewards Points in Sweepstakes Rewards Programs for Credit, Debit Cardholders Build Loyalty, Profitability
• PSCU Financial Services Names Executive Director of Marketing and Product Development
• PayLynx Enables Same Day and Next Day Bill Payment Processing — PSCU Financial Services First to Upgrade Credit Unions to Newest CheckFree Web Platform For Electronic Billing and Payment
• PSCU Financial Services Members Receive Record $21.6 Million in Dividends—$108 Million Declared in Dividends Since Company Became a Cooperative in 1994
• Mass. Credit Union Boosts Credit Outstandings by 23.5 Percent; Promotions Conducted with PSCU Financial Services
• Funds Will Be Used to Rebuild Credit Unions in Southeast Asia
• PSCU Financial Services Names Corporate Counsel
• Harvard University Employees CU Doubles Outstanding Credit Card Balances with Promotions and Employee Incentives — Visa Cardholder Profitability Up 78 Percent
• Freedom Federal Credit Union Partners with PSCU Financial Services for Credit, Debit Processing
• PSCU Financial Services, FDR Fund Scholarship Programs For The Colonial Williamsburg Foundation
• PSCU Financial Services Welcomes Three California CUs As New Members — San Mateo Credit Union, Santa Ana Federal Credit Union and West One Federal Credit Union Convert Card Portfolios
• CUSO Unveils Purchase ONE Card For Credit Unions
• PSCU Financial Services Issues $3.9 Million in Patronage Equity to Member-Owner Credit Unions —Total Cash Payout Exceeds $36 Million Since Company Became a Cooperative
• CUSO Formed To Be A Credit Union Source For Innovative solutions
• PSCU Financial Services Salutes U.S. Armed Forces with Donation of $100,000 to Military Relief Funds That Help Injured Soldiers, Families
• Pentagon FCU & Wings Financial FCU Sign Contract Extensions For Credit/Debit Processing Services with PSCU Financial Services