ORLANDO, Dave Serlo, president of PSCU, also announced:
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- PSCU said it will offer preferential relationship pricing to credit unions that sign a binding letter of intent to move their business to the cooperative within 36 months. "We will give credit unions the benefit of discounted pricing even though they are using a competitive platform to fulfill existing contracts for up to three years," said Serlo.
- Serlo said PSCU's AdvisorsPlus consultants can also help credit unions boost activation and utilization rates. For credit unions that used these consulting services to expand usage of their credit portfolios over the last 18 months, the smallest gain in outstanding balances was 20% and the largest was over 50%, according to Serlo.
- He said PSCU's risk management services have, over the last three years, helped Cus reduce fraud chargeoffs to just 3.5 cents per $100 in sales for members, compared to the national average of 6.5 cents," said Serlo.
