Water and Power Community Credit Union Signs Agreement To Bring 25,000 PIN Accounts to PSCU Financial Services

Credit Union Also Renews Contract with Cooperative for Signature Debit, Credit Platforms

St. Petersburg, FL, Aug. 10, 2009 – Los Angeles-based Water and Power Community Credit Union signed an agreement to convert processing of 25,000 PIN accounts and 14 ATMs to PSCU Financial Services, the nation’s largest CUSO. This credit union joins the growing list of 50-plus credit unions that have recently moved or committed to move debit business to PSCU Financial Services. Water and Power Community Credit Union will gain operational efficiencies since the cooperative already handles its 27,000 signature debit accounts as well as its 8,500 credit card accounts.

“There is tremendous efficiency in having a single point of management for signature and PIN debit accounts. We appreciate the cooperative’s excellent performance and professionalism and we are eager to expand our relationship with them,” said Rhona Gerber, Director of Member Services for Water and Power Community Credit Union. She added that the credit union will also gain preferential pricing by adding another platform to their processing agreement.

PSCU Financial Services continues to see tremendous growth in its debit processing business. The cooperative currently serves over 8 million debit accounts and now drives over 1,000 ATMS for 75 credit unions. More than 200 credit unions currently rely upon the cooperative for debit processing.

Water and Power Community Credit Union has been a member-owner of PSCU Financial Services since 1981.

About Water and Power Community Credit Union
Founded in 1936, Water and Power Community Credit Union is a full-service cooperative celebrating 73 years of service. The credit union has more than 46,000 members and holds more than $480 million in assets. Under its California State Charter, WPCCU members come from employee and retiree associations of the Los Angeles Department of Water and Power, more than 60 other partner organizations, and those who live, work, attend college, or worship in the greater Los Angeles area. For more information, visit www.wpcu.org.

About PSCU Financial Services

Based in St. Petersburg, Florida, PSCU Financial Services is the nation's largest credit union service organization (CUSO) and serves more than 1,300 financial institutions nationwide. As a non-profit cooperative, the company is owned by more than 600 member credit unions representing over 13 million accounts and 880,000 online bill payment subscribers. Its Contact Centers handle more than 16 million inquiries a year.

PSCU Financial Services offers 24/7 member support through four Contact Centers: its Eastern operations center in St. Petersburg, Fla.; a Western operations center based in Phoenix, Ariz.; and two call centers in Detroit, Mich. These Contact Centers perform member servicing and new member acquisition, cross-selling and automated lending solutions as well as support for debit/credit/prepaid cardholders and online bill payment subscribers.

Established in 1977, the company provides a broad array of cost-effective, high quality financial services that include credit, debit, ATM, prepaid, bill payment, electronic banking 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 PSCU Financial Services’ website at www.pscufs.com.

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