ST. PETERSBURG, Fla. (4/22/09)--PSCU Financial Services, a credit union service organization (CUSO), reported that it processed 644 million debit card transactions in 2008--a 22% increase compared with the previous year. PSCU Financial processed 950 million credit, bill-payment and debit transactions--a 17.4% jump from 809 million in 2007. It also paid a cash dividend of $45.8 million to its owners, including $35 million from the sale of MasterCard and Visa stock (Cardline
April 17). The CUSO also elected four credit union executives to its board of directors during the 2009 Member Forum in Orlando, Fla.:
* Jane Watkins, president/CEO, Virginia CU, Richmond, Va.; * Ariel Chun, president/CEO, University of Hawaii FCU, Honolulu; * John Walling, president/CEO, Christian Community CU, San Dimas, Calif.; and * Gene Foley, president/CEO, Harvard University Employees CU, Cambridge, Mass.
Foley replaces Gallagly, former CEO of Florida Central CU, who died March 31. PSCU Financial provides credit, debit, ATM, prepaid, bill payment and contact center solutions for credit unions.