PSCU/Co-op Solutions Press Archives

PSCU saves over $277M in fraud for owner credit unions in 2019

ST. PETERSBURG, FL (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 ...

PSCU reports substantial year-over-year growth for owner credit unions

ST. PETERSBURG, FL (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 ...

PSCU announces speaker lineup for Member Forum 2020

ST. PETERSBURG, FL (January 28, 2020) — PSCU, the nation’s premier payments credit union service organization (CUSO), has announced an impressive lineup of speakers for its Member Forum 2020, which will be held April 21-23 in San Francisco. At the company’s largest annual ...

PSCU announces annual dividend of $25.9 million

ST. PETERSBURG, FL (December 17, 2019) — PSCU, the nation’s premier payments credit union service organization (CUSO), has announced a patronage dividend for the 2019 fiscal year of $25.9 million, with 25% being distributed in cash. As part of its commitment to helping ...

PSCU optimizes contact center experience with Jacada

ST. PETERSBURG, FL (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). The attended bot from ...

PSCU announces winners of 2019 Credit Union Magic Minute™

ST. PETERSBURG, FL (November 26, 2019) — Members from eight lucky credit unions have been selected as winners of the seventh annual Credit Union Magic Minute™, a program developed and sponsored by PSCU to help its Owner credit unions build even more tight-knit relationships with ...

PSCU increases investment in Lumin Digital to $70 million

ST. PETERSBURG, FL (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 ...

PSCU prepared for anticipated rapid adoption of contactless cards in 2020

ST. PETERSBURG, FL (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 ...

PSCU announces $100 million in multi-year investments

ST. PETERSBURG, FL (November 19, 2019) — PSCU, the nation’s premier payments credit union service organization (CUSO), today announced a multi-year investment of $100 million to further advance its industry-leading solutions to benefit the 1,500 credit unions it serves. These additional investments were ...

PSCU simplifies disputes management services with Lean Industries

ST. PETERSBURG, FL (November 4, 2019) — PSCU, the nation’s premier payments credit union service organization (CUSO), today announced it has selected Lean Industries to deliver an optimized disputes management platform to help meet the evolving needs of its credit unions and their members ...