ST. PETERSBURG, Fla. – The biggest credit union in New Mexico, the $750 million 50,000- member Sandia Laboratory Federal Credit Union, based in Albuquerque, has agreed to have PSCU Financial Services process its 24,000 debit card and 17,000 credit card accounts effective April 1 of 2003. “We were looking for a credit union service provider that offered us had ways in which we could further enhance the performance and growth of our debit and credit card portfolios, our product mix and grow our product mix, at a fair price”, said Christopher Jillson, president and CEO, Sandia Laboratory Federal Credit Union. Jillson also noted that the credit union had investigated selling its card portfolio, but had decided not to after considering the services offered by the firm. “We also entertained the option of selling our credit card portfolio,” Jillson said. “However the answer to keep it and the opportunity to grow it, became very clear once we found the right partner.”

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