CUES President/CEO Chuck Fagan returns to PSCU to head the CUSO after the departure of former CEO Mike Kelly.
PSCU told its members March 3 it has a strategic plan in place while it seeks a new CEO. The CUSO also expressed gratitude to former CEO Mike Kelly for his four years of service.
Payments CUSO Chairman Mike Valentine tells credit unions the firm has a strategic plan in place.
Payments CUSO mum on why Kelly, CEO since 2011, is gone.
Michael Kelly, the new CEO of PSCU Financial Services, believes credit unions have to significantly improve their payment products and services if they want to remain relevant to their members or even in existence over the long term.
Craig Esrael, chairman of the board of PSCU Financial Services, said a succession plan made years before had helped lead the giant payments CUSO to choose a relatively little known payment executive as its next CEO.
PSCU Financial Services is moving forward under team management while its board of directors launches a search to replace long-time CEO David Serlo.
As a NACUSO board member and chairman, PSCU Financial Services President/CEO David Serlo helped the association "focus on the importance, not just of winning battles, but on winning the war for industry sustainability."
Leaders from many different parts of the credit union industry remember former PSCU Financial Services CEO David Serlo as an innovative and hard working credit union leader.
PSCU Financial Services is being lead by a team of executives put in place while former long-term CEO David Serlo was on medical leave while its board conducts a search for a new CEO.