The Florida Credit Union Shared Services' board of directors announced that it has selected Michael Yatros as the new chief executive officer.

"We are excited to bring on board an executive who can continue the proud legacy that Florida Credit Union Shared Services provides to its member credit unions in the state of Florida," said Allan Prindle, chairman of the board and president/CEO of Power Financial Credit Union. "Since 1998, FCUSS has given back $5.7 million in the form of patronage rebates to its participating credit unions and dividends to stockholders. Mike's extensive knowledge of the payment systems industry and his proven track record of success will propel this organization to new and exciting heights which will, in turn, bring even more value to our member credit unions," added Prindle.

Yatros holds a bachelor's in business administration from Eastern Michigan University and a MBA in finance from the University of Detroit. Prior to accepting the CEO role at Florida Credit Union Shared Services, Yatros served as the executive vice president at PSCU Financial Services in St. Petersburg, Fla., where he guided and created strategic planning for the client services division responsible for sales, portfolio development, relationship management, and consulting for 1,200 clients and their 18 million cardholders.