ST. PETERSBURG, Fla. – The more than 500 member credit unions that are part of PSCU Financial Services will share a total dividend for 2002 of more then $11.5 million, the firm announced. This year's dividend brings the financial firm's total dividend to its members since 1994 to more than $74 million. "This dividend is tangible evidence of the power of our cooperative efforts. It sends a clear message to our member-owners – the more business they do with us, the more we will help them earn a bigger share of the dividends in the future," said Dave Serlo, president of the financial services firm. The firm cited the completion of its "realignment" and consolidation efforts that have seen it close smaller regional offices in favor of two larger service centers based in Phoenix, Arizona and St. Petersburg, Florida. Closing the regional offices saved it money and allowed it to provide better service across time zones, PSCU said. PSCU also revealed that its renegotiated contract with its processor, First Data, had saved it and its member credit unions $9 million since the renegotiation and that it had broken even in electronic bill paying services to its credit unions.