News from the Wire

NorState FCU picks PSCU for processing, support

Tuesday, December 05, 2023 — 12:28:18 (EST)

St. Petersburg, Fla. — (Dec. 5, 2023) — PSCU, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, is pleased to announce that NorState Federal Credit Union (NorState FCU) has selected the CUSO to provide debit and credit card processing services and support.

Established in 1941, NorState FCU has been committed to helping its local communities and members succeed financially as their “lifelong financial partner” for more than eight decades. Headquartered in Madawaska, Maine, and driven by the “people helping people” credit union philosophy, NorState FCU currently has over 14,500 members and assets totaling more than $252 million.

In looking for an ideal credit and debit processing partner, the credit union was seeking an organization that was proactive with solutions, offered innovative products and would be a true strategic partner. NorState FCU put an emphasis on selecting a provider that could act as an extension of its team when delivering products and services, while also understanding the importance of a credit union’s reputation when interacting with NorState FCU members on a daily basis. Based on peer feedback and an in-depth review, the credit union found its fit in PSCU.

“NorState FCU is confident in PSCU’s ability to help move our credit union forward in this ever-evolving marketplace,” said NorState FCU President and CEO Jeffrey Davenport. “We are eagerly anticipating our new partnership with the CUSO, and the creativity and innovation their entire team can bring to our organization and members.”

PSCU will begin providing card support to NorState FCU members in the fall of 2024.

“It is with great pleasure that we welcome NorState FCU to our cooperative,” said PSCU Chief Revenue Officer and EVP Scott Wagner. “At PSCU, we are always looking for opportunities to provide credit unions with leading-edge solutions and highly functional programs to facilitate seamless experiences and best-in-class service for their valued members, and we look forward to helping NorState FCU realize these results.”

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Source: Company press release.