Press
PSCU Names New Chief Financial and Enterprise Risk Management Officers
New organizational structure consolidates regulatory, strategic and internal risk management functions
St. Petersburg, Florida – (October 11, 2012) – Brian Caldarelli has been named PSCU’s new Chief Financial Officer, the company announced today. “Brian will take the lead on a newly formed team, Corporate Support Services, and will drive the necessary transformations on the regulatory, strategic and internal risk fronts to ensure the continued growth and prosperity of our CUSO and its Member-Owner credit unions,” said Mike Kelly, PSCU’s CEO and President. Concurrently, the company appointed Rini Fredette as VP of Enterprise Risk Management to manage all of PSCU’s internal risk areas, including operational, information technology and reputational.
Brian Caldarelli brings to PSCU a diverse background in finance, strategy deployment and enterprise risk management. Since 2008, Brian served as Chief Financial Officer of the European division of Recall Corp, a global document management company spanning five continents and servicing 80,000 customers worldwide. Before joining Recall, Brian spent 5 years working in various financial roles at a number of businesses at Acuity Brands, Inc., a conglomerate based in Atlanta, Georgia.
“We benefit from the bench strength that Brian brings to PSCU; not only in financial management and control, but certainly in his proven ability to proactively implement an efficient and compliant internal environment. We look forward to him leading and optimizing the talents of our Finance, Legal and Enterprise Risk Management teams,” Kelly added.
Brian’s previous experiences also include senior financial roles with Bank of America and National Services Industries. A native Floridian, Brian holds an undergraduate degree in Finance from Stetson University and an MBA from Emory University.
Rini Fredette will lead the company’s initiatives to develop and continuously execute formal processes that effectively manage risk within PSCU’s tolerance thresholds and provide reasonable assurance for achieving the organizations strategic objectives. The ERM role elevates from PSCU’s Information Technology area to give the position greater transparency and visibility with the CUSO’s directors.
“Rini will create PSCU’s blueprint for a structured, best practice approach to identifying and managing PSCU’s risk as well as that of our Member-Owners,” continued Kelly. “Our dedicated focus on internal risk management will move us forward in our business critical operations and fortify our strategic decision making.”
About PSCU
Established in 1977, PSCU (St. Petersburg, Fla.) is the nation’s leading credit union service organization (CUSO) and serves more than 1,500 financial institutions nationwide. As a non-profit cooperative, the company is owned by more than 680 member credit unions representing 16 million credit, debit, prepaid, online bill payment, mobile and electronic banking accounts. Comprehensive 24/7/365 member support is delivered through four Contact Centers located throughout the United States that handle more than 18 million inquiries a year.
PSCU’s MōPRO (Member Owner Payments Revenue Optimization) initiative marries emerging technologies with proven strategies and empowers the CUSO to lead the industry in developing innovative payments solutions. This new culture of engagement, agility and energy can enhance both revenue and market share for Member-Owner credit unions. For more information, visit the PSCU website at www.pscu.com.