Public Service Credit Union is pleased to announce that it has chosen MBNA America to be its new credit card partner. With a current portfolio of over 16,000 accounts and $35 Million in outstandings, PSCU chose to partner with MBNA based on MBNA’s ability to provide best in class products and service to the members of its credit union partners and a history of delivering superior growth in member participation and usage of the credit card program.
“We had been issuing our own card product for years and the decision to outsource was not an easy one for us,” says David Maus, CEO, PSCU. “With MBNA we can deliver superior products and customer service to our members. We look forward to rolling out an integrated program to our members while maintaining the personal relationship we are proud of.”
“In the end, we chose MBNA because of their approach and a proven track record,” says Joe Hasto, CFO, PSCU. “MBNA listened to what we were looking for in a card partnership, from quality new card products for our members to ensuring service integration between our organizations.” With over 85 partnerships to date, MBNA is the leading credit card partner to credit unions.
With a membership exceeding 80,000 members, Public Service Credit Union is a not-for-profit, state-chartered, member-owned, financial institution formed in 1938 by a handful of Public Service Company employees and volunteers. Today, Public Service Credit Union is a full-service financial institution offering a variety of products and services including: savings, checking, loans, credit cards, mortgages, home banking, instant loan approval, bill payment and more.
MBNA Corporation (NYSE: KRB) is the leading credit card partner to credit unions. For more information about MBNA America and their credit union program, refer to their credit union specific website at .