ST. PETERSBURG, Fla.–PSCU said it is partnering with the $100-million, New York-based CORE Federal Credit Union to convert the credit union’s credit card and debit card portfolios.
“Our goal at the onset of this process was to bring our credit and debit processing under one umbrella,” said Bill Sweeney, president and CEO of CORE FCU. “We were impressed by PSCU’s sensitivity to our needs, as well as the strategic value and insights they brought to the table with their proposal. They were successfully able to demonstrate the growth potential for CORE FCU and our card portfolio.”
CORE FCU said it selected PSCU after an exhaustive vendor selection process.
“CORE Federal Credit Union was able to experience firsthand the professionalism of our team, our in-depth knowledge, and our expertise with debit and credit card processing during their visit to PSCU’s headquarters,” said Chuck Fagan, president and CEO of PSCU. “PSCU is dedicated to providing member-owners with the tools and technology needed to build their portfolios through real-time analytics, outstanding service and innovative programs that engage members and fuel revenue growth.”
Under the agreement, PSCU will provide credit and debit card conversion, processing and servicing for CORE FCU. According to Sweeney, CORE FCU is looking forward to bringing its credit and debit card accounts together under one provider in order to drive efficiencies.
PSCU is owned by more than 800 CUs representing 18.5 million credit, debit, prepaid, online bill payment, mobile and electronic banking accounts.