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Cardinal Credit Union Expands Partnership with PSCU

August 4, 2020PSCU has announced it has expanded its relationship with Cardinal Credit Union (Mentor, Ohio). In addition to support services for credit, the nation’s premier payments credit union service organization (CUSO) will now also provide debit processing support for the credit union.

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PSCU Launches New “Credit Union Give Back Sweepstakes”

July 20, 2020PSCU, the nation’s premier payments credit union service organization (CUSO), is excited to announce the launch of its new loyalty program, the Credit Union Give Back Sweepstakes.

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PSCU Appoints New Board Member and Recognizes Retiring Member for Service

July 16, 2020PSCU, the nation’s premier payments credit union service organization (CUSO), announced that Chris Shockley, president and CEO of Virginia Credit Union, Va., has been appointed as a board member.

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Foundation Launches Free Disaster Recovery App for Credit Unions

July 16, 2020 - The National Credit Union Foundation (the Foundation), in collaboration with PSCU, are excited to announce the launch of a new CUAid Disaster Recovery App to streamline and connect credit union organizations with one another when disasters strike to quickly coordinate resources.

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PSCU’s Lumin Digital to Provide Justice Federal Credit Union with Digital Banking and Bill Pay Support

July 7, 2020Lumin Digital, a PSCU company, has announced that Justice Federal Credit Union Justice Federal has signed a multi-year agreement for Lumin Digital’s cloud-based platform as the credit union’s digital banking solution for retail banking and bill pay support.

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PSCU Completes Acquisition of Primax

June 30, 2020PSCU, the nation’s premier payments credit union service organization (CUSO), today announced that it has completed the acquisition of the Primax business from T.K. Keith Company, Inc. Terms of the transaction were not disclosed.

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PSCU Grows Partnership with Worldwide Foundation to Foster Leadership Equality & Digital Transformation Across the Movement

June 25, 2020PSCU, a U.S.-based credit union service organization (CUSO) specializing in payments, has entered into a new agreement with Worldwide Foundation for Credit Unions focused on expanding the impact of two critical leadership development programs - the Global Women’s Leadership Network (GWLN) and the World Council Young Credit Union Professionals (WYCUP) program.

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PSCU Partners with Telrock to Offer Next-Generation Delinquency Management Software Platform

June 4, 2020PSCU, the nation’s premier payments credit union service organization (CUSO), announced it has entered into an agreement with Telrock to offer its cloud-based collection and recovery software platform, Optimus, to PSCU Owners and other credit unions to improve their overall delinquent account management performance.

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PSCU Joins World Council of Credit Unions

May 7, 2020 — PSCU has joined World Council of Credit Unions (WOCCU) as an Associate Member.

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Service 1st Federal Credit Union Selects PSCU for Debit and Credit Processing Support

April 28, 2020 — PSCU, the nation’s premier payments credit union service organization (CUSO), today announced that Service 1st Federal Credit Union (Service 1st) has joined the cooperative for credit and debit card processing support and services.

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PSCU Furthers Commitment to Digital Experience through Advancements in Mobile and Online Card Management Tools

April 7, 2020 - In support of its commitment to delivering best-in-class products and services to its Owner credit unions, PSCU continues to extend its leadership position in digital offerings to bolster credit union members’ online, mobile and digital experiences.

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PSCU Partners with TEXAR for Credit Processing Support

March 5, 2020PSCU, the nation’s premier payments credit union service organization (CUSO), has announced that TEXAR Federal Credit Union (Texarkana, Texas) has joined the cooperative as its newest Owner. PSCU will provide credit processing services and support for the credit union’s nearly 32,000 members beginning this fall.

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Westby Co-op Credit Union Selects PSCU for Credit Processing Support

March 3, 2020 - The nation’s premier payments credit union service organization (CUSO), PSCU, today announced that Westby Co-op Credit Union (WCCU) has joined the cooperative for credit card processing support and services.

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Vermont State Employees Credit Union Partners with PSCU’s Lumin Digital for Digital Banking and Bill Pay Support

February 26, 2020Lumin Digital, a PSCU company, has announced that VSECU (Vermont State Employees Credit Union) has signed a multi-year agreement for Lumin Digital’s cloud-based platform as the credit union’s digital banking solution for retail and business banking, as well as bill pay solutions. VSECU anticipates having more than 25,000 active users when it launches on the platform in July 2020.

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PSCU to Integrate Decentralized Digital Identity Platform into Contact Center Following Successful Proof of Concept

February 24, 2020PSCU, the nation’s premier payments credit union service organization (CUSO), has announced that it is in process of a proof of concept with CULedger and Baxter Credit Union (BCU) on CULedger’s MemberPassTM solution, a simple, secure way for credit unions to verify their members leveraging state-of-the-art privacy technology.

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PSCU’s Lumin Digital to Provide First South Financial with Digital Banking and Bill Pay Support

February 18, 2020Lumin Digital, a PSCU company, has announced that First South Financial Credit Union (Bartlett, Tenn.) has signed a multi-year agreement for Lumin Digital's cloud-based platform as the credit union’s digital banking solution for retail and business banking, as well as bill pay solutions. First South Financial will have more than 25,000 active users on the platform, which is slated to launch in June 2020.

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PSCU Leverages NICE Portfolio to Improve Enterprise Efficiency, Experience for Credit Unions and Members

February 12, 2020 — NICE (Nasdaq: NICE) today announced that PSCU, the United States' premier payments credit union service organization, has expanded its relationship with NICE. Looking to enhance service, improve enterprise efficiency, increase scalability and provide an advantage to their credit unions and their members, PSCU selected NICE’s wide portfolio of solutions to enhance its approach to providing an unparalleled experience for its Owner credit unions and their members.

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PSCU Saves Over $277M in Fraud for Owner Credit Unions in 2019

February 11, 2020 — PSCU, the nation’s premier payments credit union service organization (CUSO), today reported that it stopped more than $277 million in potential fraud for its Owner credit unions and their members in 2019 by blocking fraud at the point of sale, in the contact center and online, among other channels.

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PSCU Reports Substantial Year-over-Year Growth for Owner Credit Unions

February 6, 2020 - PSCU, the nation’s premier payments credit union service organization (CUSO), today reported year-over-year debit and credit sales volume growth of 7.86% among its Owner credit unions during the 2019 holiday season, significantly outpacing a recently reported market rate of 4.1% by the National Retail Federation (NRF).

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PSCU Optimizes Contact Center Experience with Jacada

December 16, 2019 — PSCU, the nation’s premier payments credit union service organization (CUSO), today announced the deployment of desktop automation through its partnership with Jacada, a leading worldwide provider of customer service robotic process automation (RPA).

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PSCU’s Lumin Digital Successfully Converts Mutual Security Credit Union to Digital Banking Platform

December 10, 2019 — Lumin Digital, a PSCU company, announced today it has successfully converted and onboarded Mutual Security Credit Union (Shelton, Conn.) to Lumin Digital’s cloud-based platform. More than 10,000 active Mutual Security digital users are now utilizing the Lumin platform, which launched in late September.

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PSCU Bolsters Commitment to Credit Union Service Delivery with Appointment of Senior Vice President

December 4, 2019 - In an effort to further enhance its commitment to delivering an exceptional experience for its Owner credit unions and their members, PSCU has announced that Kevin Spear has been named senior vice president, Service Delivery.

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University of Illinois Community Credit Union Selects PSCU’s Lumin Digital for Retail Banking and Bill Pay Support

December 3, 2019 - Lumin Digital, a PSCU company, announced that University of Illinois Community Credit Union (“UICCU”) has signed a multi-year agreement for Lumin Digital’s cloud-based platform as the credit union’s digital banking solution for retail banking and bill payment.

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PSCU Increases Investment in Lumin Digital to $70 Million

November 21, 2019 — Lumin Digital, a PSCU company, provides credit union members with a tightly integrated and customized experience that rivals the offerings available from big banks. Eighteen months after the formation of the company, PSCU’s Board of Directors approved an additional $35 million investment for enhanced platform development and distribution infrastructure, bringing the total investment to $70 million.

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PSCU Prepared for Anticipated Rapid Adoption of Contactless Cards in 2020

November 20, 2019 — PSCU, the nation’s premier payments credit union service organization (CUSO), is prepared for the rapid adoption of contactless cards on the horizon. This year, PSCU has already distributed more than 500,000 contactless cards to members from 14 Owner credit unions through natural reissuance.

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