PSCU Donates $100,000 to NCUF for CURA Fund

September 25, 2001

FOR IMMEDIATE RELEASE
Contact: Tom Dunn
tdunn@cuna.com
(608) 231-4002

MADISON, WI – The National Credit Union Foundation announced today that Payment Systems for Credit Unions, Inc. (PSCU) has made a donation of $100,000 to the Credit Unions Rebuild America Fund.

"We're thrilled at PSCU's response to our plea for disaster relief funds," says Pat Brownell, Executive Director of the National Credit Union Foundation (NCUF). "This not only demonstrates their support of thecredit union movement, it's also a clear demonstration of their humanity and organizational compassion for families of those lost. We are truly grateful."

The Credit Unions Rebuild America (CURA) Fund is designed to support widespread, non-credit union specific relief efforts. Seventy-five percent of donations collected by CURA will be allocated to the Red Cross, which is focusing on immediate assistance such as food, shelter and medical care. The remaining twenty–five percent will be allocated to the September 11^th Fund, which is developing long-term support such as mortgage payment assistance and relocation expenses.

Since its September 20 launch, the CURA Fund has also received contributions totaling $16,600 from CUNA, the California Credit Union League and the Twin Cities Co-op Federal Credit Union. Donations for the fund will be accepted through Thanksgiving Day, November 22, 2001. Any financial support received after that date will be allocated to the NCUF’s General Disaster Relief Fund.

Payment Systems for Credit Unions (PSCU) is a cooperative owned by more than 500 credit unions. Founded in 1977, PSCU is the nation's largest Credit Union Service Organization (CUSO). It provides its member-owner credit unions with a variety of technical and financial services, including processing for more than 6 million credit and debit cardholder accounts, online lending and banking, collections, fraud management, and strategic consultation and guidance.

Questions regarding the Credit Unions Rebuild America Disaster Relief Fund can be directed to Bruce Wheeler, director of Donor and Public Relations, for the NCUF, at 1-800-356-9655, ext. 4979, or via e-mail (bwheeler@cuna.com).

Established in 1980, NCUF is the U.S. credit union movement's primary charitable and fundraising organization for global credit union development. The Foundation has given more than $8.4 million in grants, in support of its mission to promote consumer financial independence through credit unions. Visit the Foundation's web site at http://www.ncuf.coop.

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