Payment Systems for Credit Unions, (PSCU), has recently introduced a Balance Consolidation product that is different from the rest. If you have a telephone, and a credit union credit card, you can transfer balances instantly.
PSCU is the nation’s largest Credit Union Service Organization (CUSO) providing cost-effective, high-quality financial services. With this in mind, PSCU’s product offers credit union cardholders a way to consolidate their outstanding competing card balances without laboring through paperwork and time delays. By contacting a PSCU member-owner credit union, a cardholder can request to transfer their ‘other’ card balances to their credit union credit card. Callers need only to supply the credit union representative with basic account information and the representative can then instantly process the request with the automated transaction and check disbursement taking place.
This product has proved successful with both credit unions and their members. Within the past 3 months the number of member-owner credit unions enrolled in the Balance Consolidation product has increased from 14 to 131 participants, representing an increase of over 900 percent, and an average check cleared of $2,386.
PSCU was created more than 23 years ago by credit unions. It provides this and other products and services exclusively to more than 500 credit unions, representing over 5-million cardholders across the country. PSCU’s Corporate Offices are located in St. Petersburg, FL.