ST. PETERSBURG, Fla., and HARRISBURG, Pa. (1/26/16)--PSCU, a St. Petersburg, Fla.-based credit union service organization, and the Pennsylvania Credit Union Association Monday announced an agreement through which PSCU will be the preferred provider of credit and debit card services to Pennsylvania credit unions currently serviced by PCUA’s service corporation, PACUL Services Inc.
Under terms of the agreement, PSCU will have the opportunity to establish long-term servicing relationships with 186 credit unions, representing 260,000 credit and debit accounts.
“In vetting potential debit and credit cards servicing partners, we were looking for a partner that could bring the best service and greatest value to our credit unions,” said Patrick Conway, PCUA president/CEO. “PSCU and PCUA share a common set of values and vision.”
According to PSCU, the new relationship further strengthens PSCU’s scale to leverage its technology investments, resources and purchasing power, while delivering new solutions for the PCUA credit unions to meet market demand. PSCU anticipates the transitioning of the PCUA credit unions’ credit and debit relationships will begin as early as fourth quarter 2016.
“This is a mutually beneficial, win-win relationship for both parties,” said Chuck Fagan, PSCU president/CEO. “Our high-touch service model, commitment to delivering an unparalleled member experience, and broad set of feature-rich payment solutions--all backed by 24/7/365 cardholder servicing--will help PCUA credit unions achieve their strategic objectives for growth and member service excellence.”
In January, Credit Union League of Connecticut announced it had formed a partnership through which PSCU will provide payment processing and contact center services for Connecticut's credit unions.