ST. PETERSBURG, Fla., and INDIANAPOLIS (4/23/14)--PSCU, a St. Petersburg, Fla.-based credit union service organization, and the Indiana Credit Union League (ICUL) announced a partnership through which PSCU will acquire the credit and debit card processing and servicing currently provided by Credit Union Card Center (CUCC), a business unit of the league's service corporation.
"The league's focus on supporting credit union success is in complete alignment with PSCU," said John McKenzie, league president/CEO. "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."
PSCU will provide credit and debit card processing and servicing for CUCC's 109 credit unions. Because First Data serves as the data processing platform for PSCU and CUCC, cardholders will not experience a system conversion or disruption when the transfer is completed later this year.
"There is tremendous mutual benefit of our two entities coming together as we deliver service at scale with tools and technology," said Michael J. Kelly, PSCU president/CEO.
"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," Kelly added.