Florida Credit Union Selects PSCU Financial Services For Debit and Credit Processing

St. Petersburg, FL, May 2, 2006 – PSCU Financial Services, the nation’s largest CUSO, announced today that Florida Credit Union, of Gainesville, Florida, has agreed to convert processing services for its debit and credit card accounts to PSCU Financial Services’ platform. The company will service signature debit accounts and credit card accounts for the credit union, which has $291 million in assets and 40,794 members.

“We see an advantage in selecting a partner that can service both our debit card processing needs as well as credit card processing requirements,” said Wendy Koford, Vice President of Florida Credit Union. “We also believe that PSCU Financial Services offers value-added support such as fraud management solution that will enable our credit union to maximize the profitability of our debit/credit programs while maintaining exceptional service for our members.”

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 and debit/ATM programs. The company also helps credit unions understand how to design and implement effective marketing activities.

“We are delighted that Florida Credit Union selected us as the partner of choice to provide a one-stop solution for credit and debit card processing,” said David J. Serlo, President and CEO of PSCU Financial Services. "The credit union’s selection of PSCU Financial Services is a solid endorsement of our staff, service and solutions. We look forward to delivering high-quality service and value-added solutions that drive enhanced member satisfaction.”

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

About Florida Credit Union

Florida Credit Union was established in 1954 as a state-chartered credit union, originally run by and for the teachers in the Alachua County school system. After 52 years of expanding our field of membership, Florida Credit Union is now a leading financial service provider open to ten counties and available to hundreds of thousands of consumers. For more information, visit Florida Credit Union’s website at www.flcu.org.

About PSCU Financial Services

PSCU Financial Services is the nation's largest Credit Union Service Organization (CUSO). As a non-profit cooperative, the company is owned by more than 500 member credit unions nationwide, representing nearly 10 million credit and debit cardholder accounts and more than 300,000 online bill payment subscribers. 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.

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