St. Petersburg, FL, March 17, 2011 – PSCU Financial Services is pleased to announce the addition of Michael J. Kelly as the organization's new President and Chief Executive Officer.

"Michael's experience and credentials make him an outstanding choice for PSCU Financial Services," said Board Chairman Craig Esrael, President of First South Financial Credit Union. "He is a dynamic leader with a demonstrated commitment that is evident to all who meet him."

Prior to joining PSCU Financial Services, Kelly was the General Manager of Payments Network for Fiserv, Inc. in Morris Plains, N.J. There he was instrumental in creating and implementing payments strategies that are utilized by thousands of financial institutions nationwide. Kelly was also responsible for identifying new markets and delivery channels for the organization's payments network.

"Michael brings an unparalleled combination of energy, professional reputation and management ability to our organization," said Esrael. "I have no doubt he will be instrumental in helping PSCU Financial Services successfully implement its strategic plan for the future and achieve a new level of excellence for our valued clients."

About PSCU Financial Services
Based in St. Petersburg, Florida, PSCU Financial Services is the nation's largest 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 and online bill payment accounts. Its Contact Centers handle more than 18 million inquiries a year.

PSCU Financial Services offers 24/7 member support through four Contact Centers: its Eastern operations center in St. Petersburg, Fla.; a Western operations center based in Phoenix, Ariz.; and two call centers in Detroit, Mich. These Contact Centers perform member servicing and new member acquisition, cross-selling and automated lending solutions as well as support for debit/credit/prepaid cardholders and online bill payment subscribers.

Established in 1977, the company provides a broad array of cost-effective, high quality financial services that include credit, debit, ATM, prepaid, bill payment, electronic banking and contact center solutions. PSCU Financial Services uniquely offers its members a full range of processing options, any combination from full service to in-house pass through processing for credit, debit and ATM transactions. As a leader in the credit union movement, the company offers gateway access to national and regional networks. It also provides full function ATM terminal driving services. For more information, visit PSCU Financial Services' website at www.pscufs.com.