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David Serlo, longtime CEO of PSCU Financial Services and that organization’s first employee, has died of cancer, sources close to the CUSO have told Credit Union Times.

Serlo began with the organization in 1983 and led the group through its controversial move to the First Data card platform from then Telecredit (which eventually became FIS), and through a later expansion which saw the payments CUSO break out from card payments to online banking, telephone service centers and mobile banking. At last count, the CUSO was owned by at least 640 credit unions representing over 14 million credit and debit card accounts.

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