Officers Named to PSCU Financial Services’ Board Of Directors

Gene Foley, President, Harvard University Employees Credit Union and

Jeff March, President, Citadel FCU Named Associate Directors

St. Petersburg, FL, May 13, 2008 – PSCU Financial Services issued the results of its Board of Directors election: Craig Esrael, president of First South Federal Credit Union, Tennessee, continues as chairman and Michael Valentine, president of Baxter Credit Union, Illinois, was elected as vice chairman. Jane Watkins, president of Virginia Credit Union, Virginia, 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, Gene Foley, president of Harvard University Employees Credit Union, Massachusetts, and Jeff March, president of Citadel Federal Credit Union, Pennsylvania, were appointed as associate directors. The following credit union executives also serve on the board; Ariel Chun, president of University of Hawaii Federal Credit Union, Hawaii; Ed Gallagly, president of Florida Central Credit Union, Florida; Hubert Hoosman, president of Vantage Credit Union, Missouri; Kyle Markland, president of Affinity Federal Credit Union, Minnesota; Shannon Riley, president of U.S. First Credit Union, California; John Walling, president of Christian Community Credit Union, California; Terry West, president of VyStar Credit Union, Florida; and Darren Williams, president of Wescom Credit Union, California.

“Our board of credit union executives brings extensive knowledge and industry expertise to their role in shaping the future success of this cooperative and its member-owners. We welcome Gene Foley and Jeff March to the Board and look forward to benefiting from their unique insights and experiences,” said David J. Serlo, President and CEO, PSCU Financial Services.

The election of the officers was held in conjunction with the company’s Member Forum, which had record attendance of more than 575 credit union executives. Presentation topics included: being successful in the current economy, promise of mobile banking, continued growth in plastics, and expanded services offered by PSCU Financial Services Contact Centers. Tactical breakout sessions focused on credit, debit, fraud prevention, online banking and a new CUSO that equip credit unions to offer student loans and build long-term relationships with Gen Y and their parents.

Plans are already underway for the 2009 Member Forum that will be held April 8-10 in Orlando, Florida.

About PSCU Financial Services

Based 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 580,000 online bill payment subscribers. Its Contact Center handles more than 14 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 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 the company's Web site at www.pscufs.com.

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