Search
 

PSCU FS Issues $21.3 Million Dividend

PSCU Financial Services will send over $21 million back to participating credit unions this year on transactions the credit unions conducted in 2010, the giant payments CUSO announced.

By David Morrison | Updated on March 24, 2011

PSCU Financial Services will send over $21 million back to participating credit unions this year on transactions the credit unions conducted in 2010, the giant payments CUSO announced.

“We are exceptionally pleased with the success of the progressive activities spearheaded by our management team in 2010. We reduced service billings and issued an invoice rebate at the end of the year–a move that resulted in $6.5 million in savings for our members. We also trimmed $10 million in operational costs, which will continue to provide improved efficiencies and savings for years to come,” said Craig Esrael, President of First South Financial, Bartlett, Tenn., and Chairman of PSCU Financial Services’ board of directors.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.