New England Federal Credit Union Selects PSCU Financial Services and mFoundry for Mobile Banking

St. Petersburg, FL, September 15, 2009 – Vermont-based New England Federal Credit Union (NEFCU) announced that they have selected PSCU Financial Services and mFoundry to deliver mobile banking to their more than 70,000 members. With over $720 million in assets, NEFCU is the largest credit union in the state of Vermont.

Mobile banking will enhance the ability of NEFCU’s members to access their financial information where and when they need it. It makes banking even more convenient for NEFCU members who are increasingly using their mobile phones to manage personal data.

The mobile banking solution from PSCU and mFoundry incorporates speed, simplicity and high levels of security. It eliminates costly implementation processes by tapping into existing connectivity with multiple data sources. The solution includes comprehensive 24/7 support by contact center service representatives as well as turnkey marketing support to stimulate member adoption.

“Mobile banking is yet another easy and convenient service that we are happy to offer to our members,” said John Dwyer, President/ COO at NEFCU. “Our members are increasingly choosing to use remote channels such as PC Banking and call centers to access their accounts and manage their finances. This mobile banking solution met our standards for reliability, security and ease of use.”

“NEFCU is one of the most innovative financial institutions in Vermont, and we look forward to bringing new features and services to their member base,” said John Pembroke, Chief Marketing Officer of PSCU Financial Services. “With this product NEFCU members will have access to their share, checking and loan balances plus transaction histories. Our mobile solution enables funds transfers within credit union accounts and provides ATM search functionality. We know that we need to keep the product fresh, so we are continually working with mFoundry to ensure our mobile banking solution leads the market in features and functionality.”

“We have seen great traction in the credit union market this year and we are proud to work with PSCU to provide a mobile banking solution specifically tailored for credit unions,” said Drew Sievers, CEO and co-founder of mFoundry. “We look forward to launching NEFCU’s mobile banking application and anticipate strong adoption from their members.”

About NEFCU

New England Federal Credit Union is a member-owned financial institution serving communities in the six counties of northwestern Vermont. With more than 74,550 members and $720 million in assets, NEFCU is the largest credit union in the state of Vermont. Anyone who lives, works or attends school in the six counties of northwestern Vermont is eligible for membership. Please visit: www.nefcu.com.

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 1,300 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, electronic banking 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.

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