GTE Federal Credit Union Selects PSCU Financial Services For Debit and Credit ProcessingSt. Petersburg, FL, April 23, 2008 – GTE Federal Credit Union, Tampa, Fla., has signed a five-year agreement for signature and PIN debit and credit card processing with PSCU Financial Services, the nation’s largest credit union service organization (CUSO). The credit union is the third largest in Florida with $2.2 billion in assets and 202,000 members. It has 58,000 credit accounts and 166,000 debit accounts. GTE Federal Credit Union was a founding member of the cooperative. After evaluating other vendors, the credit union added PIN debit processing to the other product lines previously serviced by the cooperative. “PSCU Financial Services’ credit and integrated signature/PIN debit platform offers an unbeatable combination of full service processing, industry-leading security and outstanding around-the-clock member support,” said David J. Serlo, President and CEO, PSCU Financial Services. “Managers at GTE Federal Credit Union appreciate our responsive service and support for credit and signature debit accounts and want to employ our leading-edge security and fraud management to protect their PIN debit program as well,” Serlo added. By adding another product line, GTE Federal Credit Union benefits from the cooperative’s preferential relationship pricing structure, according to Serlo. “All our member-owners benefit from our cooperative’s large-scale purchasing power, but then we add additional financial incentives for servicing multiple product lines so credit unions gain all the advantages of single-source support, while saving money at the same time.” The cooperative services over 7 million debit accounts at more than 200 credit unions. It converted 33 credit unions in 2007 to its integrated signature/PIN debit platform. About GTE Federal Credit UnionGTE Federal Credit Union, headquartered in Tampa, Florida, has been in business since 1935. It is the third largest credit union in Florida and 30th in asset size among U.S. credit unions. GTE Federal Credit Union was originally chartered as an occupational credit union that served only the employees of GTE Corporation and the credit union itself. However GTE FCU now has a multiple common bond charter, and through mergers and the addition of Select Employee Groups, GTE FCU now serves more than 1,400 companies. For more information, visit www.gtefcu.org. About PSCU Financial ServicesBased in St. Petersburg, Florida, PSCU Financial Services is the nation's largest credit union service organization (CUSO) and serves more than 1,100 financial institutions nationwide. As a non-profit cooperative, the company is owned by more than 500 member credit unions representing over 11 million cardholder accounts and more than 580,000 online bill payment subscribers. Its Contact Center handles more than 14 million inquiries a year. PSCU Financial Services maintains an Eastern operations center in St. Petersburg, Florida, and a Western operations center based in Phoenix, Arizona. The cooperative’s wholly owned subsidiary, Digital Dialogue, operates two 24/7 call centers in Detroit, Mich., that specialize in member services, new member acquisition, cross-selling and automated lending solutions. Established in 1977, the company provides a broad array of cost-effective, high quality financial services that include credit, debit, ATM, prepaid, bill payment and contact center solutions. PSCU Financial Services uniquely offers its members a full range of processing options, any combination from full service to in-house pass through processing for credit, debit and ATM transactions. As a leader in the credit union movement, the company offers gateway access to national and regional networks. It also provides full function ATM terminal driving services. For more information, visit the company's Web site at http://www.pscufs.com.
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