PSCU, the nation’s leading CUSO, and the Indiana Credit Union League announce a long-term partnership. Under the terms of the agreement, PSCU acquires the credit and debit card processing and servicing currently provided by Credit Union Card Center (CUCC), a business unit of the League’s Servicecorp.
PSCU will provide credit and debit card processing and servicing for the CUCC 109 credit unions. First Data serves as the data processing platform for both PSCU and CUCC so cardholders will not experience a system conversion or disruption when the transfer of servicing is complete later this year.
“The League’s focus on supporting credit union success is in complete alignment with PSCU,” said John McKenzie, President, ICUL. “Our goal was to select the best long-term solution for the card processing needs of our credit union clients and PSCU is a proven technology partner that can help credit unions expand the scope of services provided and grow their payment programs.”
“We are delighted to be entrusted with ICUL’s card processing business,” commented Michael J. Kelly, President and CEO, PSCU. “There is tremendous mutual benefit of our two entities coming together as we deliver service at scale with tools and technology. Both PSCU and ICUL believe leveraging card, analytics, mobile and social channels will help credit unions nurture and grow their business and ultimately be the most relevant financial services provider choice for members.”
About Indiana Credit Union League: The Indiana Credit Union League is the statewide trade association for credit unions in Indiana. Those credit unions serve more than 2 million Hoosiers.
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.
Jim Major, PSCU
Phone: (800) 443-7728 ext. 4189
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