Congressional Federal Credit Union Converts Debit Platform to PSCU Financial ServicesCredit Union Cites Excellent Support, Relationship Pricing For MoveSt. Petersburg, FL, January 30, 2008 – Congressional Federal Credit Union, Washington, D.C., signed a five-year agreement to move 30,000 signature and PIN debit accounts to PSCU Financial Services, the nation’s largest CUSO. The cooperative will also be responsible for driving the credit union’s ATM network. PSCU Financial Services has serviced Congressional Federal’s credit portfolio since 1985. By moving its debit/ATM operations, the credit union will benefit from relationship pricing and convenient one-stop shopping for its credit and debit/ATM platforms. “Our consistent service and valued long-term partnership were major factors in Congressional Federal’s decision to convert their debit/ATM platforms to our management. By using multiple services, the credit union also benefits from our new relationship pricing structure that delivers better value to the institution and their members,” said David J. Serlo, President and CEO, PSCU Financial Services. PSCU Financial Services’ debit platform is steadily growing, adding more than 750,000 accounts to its integrated Debit platform and signing 33 new debit contracts in 2007. The CUSO now services over 6.9 million debit accounts from over 200 credit unions. “At Congressional FCU, providing superior member service is our primary goal, and is also a trait we look for in our business partnerships," said Charles A. Mallon, Jr., President and CEO of Congressional FCU. "PSCU Financial Services has demonstrated their service commitment to credit unions for many years and we look forward to providing enhanced capabilities and innovative services to our members in the future through this alliance." About Congressional Federal Credit UnionCongressional Federal Credit Union was established over 50 years ago to serve the U.S. House of Representatives. The credit union now serves members of Congress, employees of the U.S. House of Representatives, and select employee groups. Congressional FCU offers a full complement of traditional and non-traditional financial services to respond to members’ diverse needs at every stage in life. It has four branches located on Capitol Hill, in addition to a branch and operations center in Oakton, Virginia. The credit union participates in a national network of shared branches that give the majority of its members physical access to a branch. Online banking, automated telephone service, and ATMs also provide convenient account access. For more information, please visit www.congressionalfcu.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 470,000 online bill payment subscribers. Its Contact Center handles more than 12 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 the leader in the credit union industry, 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 www.pscufs.com.
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