PSCU Financial Services Provides One-Stop Credit/Debit Solution for La Capitol Federal Credit Union

St. Petersburg, FL, July 18, 2007 – La Capitol Federal Credit Union of Baton Rouge, Louisiana, signed a long-term agreement for processing of its credit card and signature/PIN/ATM debit programs with PSCU Financial Services, the nation’s largest CUSO (credit union service organization).

Under the terms of the agreement, PSCU Financial Services will convert more than 25,000 signature and PIN debit accounts and 11,000 ATM accounts to the DebitAdvantage™ platform and move 8,000 credit card accounts to the CreditAbility™ platform. The $322 million, 55,000-member credit union is one of the largest credit unions in Louisiana.

“Our credit union is moving from an in-house environment to PSCU Financial Services full-service offering,” said Michael Hooper, the credit union’s Executive Vice President and Chief Financial Officer.

“The cooperative’s feature-rich platform and 24 x 7 Contact Center support will equip us to deliver a more competitive offering for our members. Its expertise in risk management, chargeback processing and compliance requirements will also make our platforms much more efficient and member-friendly,” he added.

“We are delighted that La Capitol Federal Credit Union is moving its programs to our cooperative,” said PSCU Financial Services’ President David J. Serlo. “The credit union will benefit from the efficiencies offered by our single source credit/ debit payment processing services while its members enjoy the outstanding service offered by our award-winning Contact Center.”

PSCU Financial Services handles start-up or conversion, transaction processing, and card issuing processes and also provides consulting services to help credit unions maximize their credit, debit/ATM and online bill payment programs. The company also helps credit unions understand how to design and implement effective marketing activities.

PSCU Financial Services’ DebitAdvantageTM platform for signature, PIN and ATM includes rewards and risk management programs and provides tailored terms and relationship pricing as well as dedicated debit project teams. The CreditAbility™ platform delivers flexible card processing and management with extensive member services that include reward programs, credit card monitoring and portfolio management.

About La Capitol Federal Credit Union

La Capitol Federal Credit Union is over 45 years old, serving more than 55,000 members with 14 branches throughout Louisiana. For more information, please visit www.lacapfcu.org.

About PSCU Financial Services

As a non-profit cooperative, PSCU Financial Services supports 1,100 financial institutions and is owned by 500+ member credit unions representing over 11 million cardholder accounts. Its Contact Centers handles more than 12 million inquiries a year.

PSCU Financial Services maintains its headquarters and Eastern operations center in St. Petersburg, Florida. The company is also supported by a West Coast operations center based in Phoenix, Arizona and additional call center operation in Detroit, Michigan.

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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