Staff of PSCU Financial Services who find they need some extra help during the current economic downturn will soon be able to apply to a foundation launched by their employer for help.
The St. Petersburg, Florida based CUSO, which processes payment transaction for more than 500 credit unions that use the First Data platform, has 1,500 employees and will raise money for the PSCU Financial Services Employee Hardship Foundation through voluntary employee donations.
"I feel strongly that it is our responsibility as individuals to help our fellow employees, not only in today's economic environment, but whenever they encounter dire financial situations that require immediate assistance," said PSCU CEO David Serlo. "The goal of this foundation is to reduce the stress created by financial emergencies and to ensure that our employees know they can rely upon each other in times of need."
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Qualifying types of hardships might include acute illness, loss of income, loss of benefits, repossession of primary vehicle or foreclosure or eviction from primary residence, PSCU said.
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