Mike Valentine succeeds Craig Esrael as PSCU Board Chairman

CUSO installs new executive board team and adds new directors
(PR NewsChannel) / April 17, 2014 / ST. PETERSBURG, Fla. 

PSCUBCU CEO and PSCU Board Vice Chairman, Mike Valentine, has succeeded Craig Esrael, CEO and President of First South Financial Credit Union, as Chairman of PSCU’s Board of Directors. Esrael served as Chairman for the past seven years and will remain on the Board. PSCU announced other changes to the composition of its Board, promoting an Associate Director to full Board Member and appointing three new Associate Directors. 

“PSCU and its Member-Owners have benefitted immensely from Craig’s vision, leadership and steady guidance,” said Michael Kelly, PSCU President & CEO. “We’re delighted he will continue to serve on the Board and help Mike Valentine transition to his new role as Chairman.”

The company announced changes to the Board Executive Committee. David Doss, CEO of Arizona State Credit Union becomes Vice Chairman; Gene Foley, CEO of Harvard University Employees Credit Union will succeed Jane Watkins, CEO of Virginia Credit Union, as Treasurer. Jane Watkins is retiring from the Board. Jeff March, CEO of Citadel Federal Credit Union, will serve as Secretary.

PSCU also announced the appointments of three new Associate Directors: Sandy Jelinski, CEO of Lake Michigan Credit Union; Cathie Tierney, CEO of Community First Credit Union; and Frank Weidner, CEO of Wings Financial Credit Union. Sean Rathjen, CEO of Consumers Cooperative Credit Union, was promoted to full Board Member.

“The changes and new additions to the PSCU Board will ensure that we remain tightly aligned with the strategic objectives of all Member-Owners,” said Kelly. “The accelerated pace of change and innovation in payments compels us to seek guidance from a greater cross-section of the Cooperative; the newest Board appointments of long-time Member-Owners will give us new energy and perspective for continued leadership in this critical governance role.”

PSCU Board Members serve three-year terms after which they can be re-elected by a vote of PSCU’s Member-Owner Credit Unions. Associate Directors are appointed by the current Board and provide a pipeline of talented leadership that the CUSO can tap at a future date to become full Board Members.

Continuing PSCU Board Members include Angie Owens, CEO of American Airlines Federal Credit Union; Kit Snyder, CEO of Consumers Credit Union; Rob Stuart, CEO of OnPoint Community Credit Union; John Walling, CEO of Christian Community Credit Union; and Terry West, CEO of VyStar Credit Union.

About PSCU:
Established in 1977, PSCU (St. Petersburg, Fla.) is the nation’s leading credit union service organization (CUSO) and serves more than 1,500 financial institutions nationwide. The company is owned by nearly 700 member credit unions representing 16.5 million credit, debit, prepaid, online bill payment, mobile and electronic banking accounts. Comprehensive 24/7/365 member support is delivered through four contact centers located throughout the United States that handle more than 18 million inquiries a year.

Through a focus on collaboration and initiatives to mine the collective intelligence from all corners of the cooperative, PSCU’s Member-Owners are positioned at the leading edge of innovation. The combination of PSCU’s commitment to leadership in mobility and excellence in risk management, strategic consulting and technology creates PSCU’s foundation for the strongest partnerships with its Member-Owners. For more information, visit the PSCU website at www.pscu.com.

Media Contact:
Jim Major, PSCU
(800) 443-7728 ext. 4189

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