News from the Wire

PSCU Announces 2019 Board of Directors

Thursday, April 25, 2019 — 11:55:36 (EDT)

St. Petersburg, Fla. — (April 25, 2019) — PSCU, the nation’s premier payments CUSO, announced its new Board of Directors during the cooperative’s Annual Business Meeting, which was held during its Member Forum conference earlier this month in Austin, Texas. Two new associate directors were appointed to the Board, along with the announcement of a new executive committee.

Newly appointed Associate Directors are:

Mark Robnett, President and CEO of Justice Federal Credit Union, Va. Nathanael Tarwasokono, President and CEO of Firstmark Credit Union, Texas

In addition to the appointments of Robnett and Tarwasokono, PSCU also announced that the following Board members are now serving in executive roles:

Cathie Tierney, President and CEO of Community First Credit Union, Wisc. (Chair) Sean Rathjen, President and CEO of Consumers Credit Union, Ill. (Vice Chair) Frank Weidner, President and CEO of Wings Financial Credit Union, Minn. (Treasurer) Andrew Rosen, President and CEO of Hawaii State Federal Credit Union, Hawaii (Secretary) Jeff March, President and CEO of Citadel Federal Credit Union, Pa. (Past Chair)

Additional continuing Board members and Associate Directors include:

Dave Doss, President and CEO of OneAZ Credit Union, Ariz. Craig Esrael, President and CEO of First South Financial Credit Union, Tn. Gene Foley, President and CEO of Harvard University Employees Credit Union, Mass. Cathy Pace, President and CEO of Allegacy Federal Credit Union, N.C. Chris Shockley, President and CEO of Virginia Credit Union, Va. Amy Sink, President and CEO of Interra Credit Union, Ind. Kit Snyder, President and CEO of Consumers Credit Union, Mich. Rob Stuart, President and CEO, OnPoint Community Credit Union, Ore.

In January, PSCU announced a patronage dividend of $24.2 million to its Owner credit unions, of which 25% was an immediate cash distribution. The CUSO also paid an additional $8.5 million of previously issued equities to bring the total cash payment to $14.6 million. Since becoming a cooperative in 1994, PSCU has distributed $514.3 million in patronage dividends to its Owners, nearly 50% of which has already been paid in cash.

A record-breaking crowd of nearly 1,000 people attended PSCU’s 42nd annual conference. The theme for 2019 Member Forum, “Beyond Limits,” was brought to life during a three-day lineup of keynote speakers, breakout sessions led by industry experts, networking opportunities, entertainment and fundraising. Member Forum 2020 will take place in San Francisco on April 21-23, 2020.

About PSCU

PSCU, the nation’s premier payments CUSO, supports the success of over 900 Owner credit unions representing more than 2 billion transactions annually. Committed to service excellence and focused on innovation, PSCU’s payment processing, risk management, data and analytics, loyalty programs, digital banking, marketing, strategic consulting and mobile platforms help deliver possibilities and seamless member experiences. Comprehensive, 24/7/365 member support is provided by contact centers located throughout the United States. The origin of PSCU’s model is collaboration and scale, and the company has leveraged its influence on behalf of credit unions and their members for more than 40 years. Today, PSCU provides an end-to-end, competitive advantage that enables credit unions to securely grow and meet evolving consumer demands. For more information, visit pscu.com .

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Source: Company press release.