Florida Telco Credit Union Signs Agreement to Move Credit Card Portfolio to PSCU Financial ServicesCU Sites Fraud Management, Call Center as AdvantagesSt. Petersburg, FL, June 27, 2007 – Florida Telco Credit Union of Jacksonville, Florida, signed a long-term agreement for credit processing with PSCU Financial Services, the nation’s largest CUSO (credit union service organization). In February 2008, PSCU Financial Services will convert 15,000 accounts to its CreditAbility™ platform for the $419 million, 40,000-member credit union. “We are impressed with the cooperative’s fraud management technology and its renowned Call Center, in addition to the capabilities of the CreditAbility platform,” said Davis Johnston, Senior Vice President, Florida Telco Credit Union. “We also look forward to working with PSCU Financial Services experts to enhance our credit offering and successfully market credit cards to our members.” Johnston also reports that the conversion to CreditAbility will reduce expenses while maintaining or improving member service. “Credit unions are becoming increasingly eager to employ our CreditAbility platform because of our cooperative’s progressive approach to building an attractive credit program and creating an ongoing series of promotions to enhance member usage and loyalty,” said PSCU Financial Services’ President David J. Serlo. 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. About Florida Telco Credit UnionHeadquartered in Jacksonville, Florida, Florida Telco Credit Union was founded in 1935 and has 11 branches in the greater Jacksonville area. Membership is available to individuals that work, live or attend school in the Florida counties of Duval, Clay, St. Johns, Nassau, Baker, Columbia, Union, Bradford, Alachua, Putnam, and Flagler and to active or retired employees of telecommunications companies and their immediate families anywhere. For more information, please visit www.floridatelco.org.About PSCU Financial ServicesAs 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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