MADISON, Wis. – The CUNA Lending Council received a $50,000 contribution from PSCU Financial Services, the largest CUSO in the U.S. This is the second time since the scholarship fund was created in April 2004 that the St. Petersburg, Fla.-based CUSO has contributed this size donation. The scholarship fund currently totals $500,000. Its purpose is to help credit unions with their financial needs by honing the skills of their lending professionals by exposing them to a variety of resources geared toward improving education, skills and opportunities in the lending field. CUNA Lending Council Chair Joe Brancucci, VP of product and delivery channel management and chief lending officer at BECU, expressed the Council's appreciation to PSCU Financial Services for its continuing support for the scholarship fund. “We feel it shows their strong commitment to continuously improving the future of the credit union industry,” he said. PSCU Financial Services President/CEO David Serlo said the CUSO supports the scholarship fund “because education and training play an important role in the success of each credit union and ultimately the entire credit union industry.” The CLC Scholarship Fund is a tax-exempt educational fund housed by the National Credit Union Foundation. It contains a variety of different sponsorship levels and recognition packages for its benefactors. Contributions may be tax deductible and are invested by the NCUF in accordance with their investment policies. Scholarships are awarded for up to $2,500 and can be used towards expenses for CUNA Lending Council conference registration, CUNA Center for Professional Development (CPD) school tuition, CUNA Lending Council annual dues, or additional coursework not offered through the CPD program. Only coursework in lending-related subjects are considered applicable for the scholarship program. A committee headed by Brancucci selects all scholarship winners based on the credit union's asset size, skill needs and financial needs. -

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