ST. PETERSBURG, Fla. (4/15/11)--PSCU Financial Services’ member-owner credit unions re-elected three board members to new three-year terms (2011-2014) at the credit union service organization’s 2011 Senior Leadership Workshop & Member Forum business meeting last week. Board members re-elected include:
* Board chairman Craig Esrael, president, First South Financial CU, Bartlett, Tenn.; * Board vice chairman Michael Valentine, president, Baxter CU, Vernon Hills, Ill.; and * Board member Terry West, board member, president, VyStar CU, Jacksonville, Fla.
Officers of PSCU Financial Services’ board of directors also include: Board Secretary Susan Adams, president, Entrust FCU, Richmond, Va., and Board Treasurer Jane Watkins, president, Virginia CU, Richmond, Va. PSCU Financial Services issued a dividend of $21.3 million for its 2010 operations. Also, it passed financial savings of $6.5 million to member-owners in the form of price reductions and rebates during last year. The credit union service organization also achieved a 6.3% boost in net income and revenue and paid $8.9 million in revolving funds due to member-owners four months early, in December of 2010.