August 11, 2017
By: Payment Week
St. Petersburg, Fla. – (Aug. 11, 2017) – Founders Federal Credit Union (Lancaster, S.C.), one of the nation’s largest credit unions, has signed a renewal agreement for credit and debit card processing services with PSCU, the CUSO announced today. The agreement extends the 20-year relationship between the credit union and PSCU until at least 2021.
Founders has been a PSCU Member-Owner since 1997. PSCU currently processes credit and debit transactions for its more than 215,000 members.
“The entire PSCU team is honored to continue our partnership with Founders after working alongside them for over 20 years,” said Chuck Fagan, PSCU President and CEO. “The longevity of this partnership reflects our commitment to enhance Founders’ member experience and service offerings while maintaining the shared mission to advance the credit union movement’s philosophy of people helping people.”
Founders decided to renew its credit and debit processing agreement in large part because of its long-term relationship with PSCU. Throughout the partnership, PSCU has proven its reliability and knowledge of the industry.
“It is rewarding to have created such a strong relationship with PSCU’s service delivery and member experience teams,” said Bruce Brumfield, President and CEO of Founders. “This renewal ensures our members will continue to receive the unparalleled member experience they have come to expect from us.”
Established in 1977, PSCU (St. Petersburg, Fla.) is the nation’s leading credit union service organization (CUSO). The company was recognized as CUSO of the Year in 2016 by the National Association of Credit Union Service Organizations. PSCU’s products, financial services solutions and service model collectively support over 850 Owner credit unions representing more than 20 million credit, debit, prepaid, online bill payment and mobile accounts; protect over 2 billion transactions annually from fraud; and optimize credit union performance and growth. Comprehensive 24/7/365 member support is delivered through call centers located throughout the United States. For more information, visit www.pscu.com.
About Founders Federal Credit Union
Founders Federal Credit Union, one of the largest and most innovative in the nation, was founded in 1950 in Fort Mill, South Carolina, to provide financial services to the employees of Springs Industries Inc. Founders serves over 200,000 members with 29 offices and three service centers in North and South Carolina. The credit union has over $2.1 billion in assets.