Credit Union 24 Board Member Joins PSCU Financial Services Board

ST. PETERSBURG, Fla. – PSCU Financial Services, the card processor for over 500 credit unions who use the First Data platform, has announced that Jane Watkins, CEO of the over $1 billion Virginia Credit Union, based in Richmond, has joined its board of directors for a three-year term. In addition to serving on a number of committees and as a liaison to several organizations, Watkins also serves on the board of Credit Union 24, the Florida-based credit union owned ATM network that has been the subject of a merger offer as recently as January 2003. In those merger discussions the New York-based NYCE network, which is majority owned by First Data, made an offer for Credit Union 24 which arrived too late to be considered. Then PSCU was limited to playing a facilitating role by its other commitments, according to PSCU CEO Dave Serlo. But should the opportunity arise again, Serlo and other PSCU executives have gone on the record with the hope PSCU would be able to make and offer for Credit Union 24 in its own right and with the backing of First Data.