PSCU Financial Services Announces Strategic Partnership With Corporate One Federal Credit UnionCorporate Credit Union to Offer Cooperative’s Debit/ATM, Credit PlatformsSt. Petersburg, FL, June 11, 2009 – PSCU Financial Services today announced a long-term strategic partnership with Corporate One Federal Credit Union of Columbus, Ohio, in which Corporate One will offer PSCU Financial Services’ credit and debit/ATM processing platforms to its 800+ member credit unions as well as to smaller and mid-size credit unions around the country. Corporate One Federal Credit Union, which has more than 20 years experience in providing card programs to credit unions, gains a broader, more diversified product offering, while its credit unions and their members benefit from enhanced fraud protection, 24/7 Contact Center support and cost savings due to volume aggregation and other economies of scale. Through membership in Corporate One and PSCU Financial Services, credit unions are eligible for patronage dividends, annual meetings and other programs delivered by this new cooperative relationship. “We are excited about being able to offer these fully featured platforms to credit unions. These platforms not only expand our offering to current members, but they are flexible enough to be scaled to satisfy the needs of any credit union, anywhere is the U.S.,” said Lee Butke, CEO of Corporate One Federal Credit Union. “PSCU Financial Services is the gold standard when it comes to credit card and ATM/debit offerings for credit unions, especially in regard to service and fraud prevention. We’re very proud to associate our name with theirs.” “PSCU Financial Services’ philosophy of ensuring the success of their member-owners is a perfect complement to that employed by Corporate One,” said Robert Coyan, Corporate One’s Senior Vice President, Marketing and Operations. “The cooperative excels at providing credit and ATM/debit solutions to larger, full-service credit unions. This new relationship will allow us to offer the same exceptional solutions to credit unions that, in the past, were unable to obtain these programs because of lower volumes or cost considerations. Our relationship opens the door for a new group of credit unions to offer card programs that can help them increase earnings while better serving their membership,” he added. “This new relationship expands the use of our products and services among credit unions of all sizes,” said David J. Serlo, CEO of PSCU Financial Services. “Corporate One consistently demonstrates a conservative, member-focused approach to serving credit unions, and their mission and values are a perfect complement to our own. Both PSCU Financial Services and Corporate One gain volume and growth opportunities from the partnership, while ensuring that credit unions continue to receive credit, ATM and debit solutions designed for credit unions and provided by credit unions.” 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 1,300 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 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. About Corporate OneCorporate One Federal Credit Union is a leading wholesale financial services provider to more than 800 of America’s credit unions. With more than $5.7 billion in assets under management, Corporate One offers correspondent services including ATM/debit cards, share draft imaging, and depository and electronic payment services to credit unions across the United States. Corporate One also developed and manages Alliance One, one of the nation’s largest non-network-specific ATM selective-surcharging groups. For more information, visit www.corporateone.coop.
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