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Officers Named to PSCU Financial Services’ Board of Directors

St. Petersburg, FL, May 2, 2007 – PSCU Financial Services announced the election of officers for its Board of Directors following the company’s recent Member Forum and Annual Meeting held April 25-27 in Williamsburg, Virginia. Craig Esrael, president of First South Federal Credit Union, Tennessee, was elected as chairman and Michael Hale, president of Andrews Federal Credit Union, Maryland, will serve as vice chairman. Michael Valentine, president of Baxter Credit Union, Illinois, will serve as the Board’s treasurer and Susan Adams, president of Entrust Federal Credit Union, Virginia, continues as secretary. The table officers will serve a one-year term, effective immediately.

In addition, the following credit union chief executives serve on the board: Ariel Chun, president of University of Hawaii Federal Credit Union, Hawaii; Ed Gallagly, president of Florida Central Credit Union, Florida; Shannon Riley, president of U.S. First Federal Credit Union, California; John Walling, president of Christian Community Credit Union, California; Jane Watkins, president of Virginia Credit Union, Virginia; Terry West, president of VyStar Credit Union, Florida; and Darren Williams, president of Wescom Credit Union, California.

The election of officers was held in conjunction with the company’s Member Forum, which was attended by over 400 member-owners. Celebrating the 30th anniversary of PSCU Financial Services, the Member Forum was staged in historic Williamsburg, Va., the birthplace of the American Revolution and coincided with the 400th anniversary of Jamestown settlement.

The theme of the 2007 Member Forum was Revolutionary Leadership. Presentations addressed leadership skills and programs that drive growth for credit unions in both members and assets. Sessions offered practical suggestions and supporting industry data to help credit unions tighten security and access to data, serve target market segments, provide 24 x 7 member services and inject greater energy and profitability into credit card, debit/ATM, prepaid, online bill payment and other programs.

Plans are already underway for the 2008 Member Forum that will be held April 16-18 in San Diego.

PSCU Financial Services delivers excellent value to its member-owner credit unions by offering a full portfolio of programs and processing services for credit, debit, prepaid, and ATM programs. It offers comprehensive call center support and convenient online services including online bill payment.

About PSCU Financial Services

As a non-profit cooperative, PSCU Financial Services is owned by more than 500 member credit unions representing over 10 million cardholder accounts and more than 400,000 online bill payment subscribers. Its Contact Center services more than 10 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. PSCU Financial Services is the nation's largest Credit Union Service Organization (CUSO).

Established in 1977, the company provides a broad array of cost-effective, high quality financial services that include credit, debit, ATM, prepaids, bill payment, lending 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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