Oregon’s Largest Credit Union Picks PSCU Financial Services As Partner For Historic Launch of Credit Card ProgramSt. 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. After converting to a community charter in 2006, the credit union is launching credit cards for the first time in its 75-year history. “Credit is a natural complement to our other lending products, lead by our robust auto financing business,” said Robert A. Stuart, OnPoint Community Credit Union’s CEO. “We selected PSCU Financial Services because of its leadership in the credit card industry and its ability to provide unsurpassed flexibility and control in designing a program to meet the needs of our large and diverse membership. We feel the timing is right to enter this market with member-friendly card products that will deepen our member relationships.” The credit union will launch its credit platform, including the cooperative’s fully featured CURewards program, in the fall of 2008. The credit union will also retain the CUSO’s award-winning contact center to ensure responsive, professional member support. “Like other institutions, this credit union selected our credit platform because it is designed with the member in mind. OnPoint Community can design the front end experience to enhance their member relationships, and then employ any combination of our growth and portfolio management tools to offer personalized promotions and risk management strategies,” said David J. Serlo, President and CEO, PSCU Financial Services. PSCU Financial Services has been returning value to member-owner credit unions for more 30 years, helping credit unions grow and succeed. As a cooperative, PSCU Financial Services has issued nearly $200 million in patronage dividends since it became a cooperative in 1994. The company delivers cost effective, high quality services to include credit, debit, ATM, prepaid, bill payment, lending, and member service contact center solutions. About OnPoint Community Credit UnionOnPoint Community Credit Union is the largest credit union in Oregon, serving more than 186,000 members and with assets of $2.6 billion. Founded in 1932, OnPoint Community Credit Union’s field of membership includes everyone who lives or works in 10 designated Oregon counties (Benton, Clackamas, Columbia, Lane, Linn, Marion, Multnomah, Polk, Washington and Yamhill) and in Clark and Skamania counties in Washington. For more information visit www.onpointcu.com. 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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