ST. PETERSBURG, Fla. — The $273 million Air Force Federal Credit Union, headquartered in San Antonio, will convert the processing of its credit and debit card program to PSCU Financial Services, the card processing and servicing CUSO for more than 500 credit unions that use the First Data card platform.

Air Force also joined the cooperative as a member-owner, PSCU announced.

The spur for the move came because Air Force had been searching for a consolidated rewards program for their credit and debit accounts, PSCU said.

“The cooperative offers account level pricing that evaluates cardholder account characteristics and behavior and automatically adjusts pricing at the account level,” said Bob Glenn, president and CEO of Air Force Federal Credit Union, in a prepared statement. “This feature will reward the loyalty of our members and eliminate manual reviews and account changes,” he added.

The credit union will convert its users to PSCU Financial Services programs in early 2008, PSCU said.

“We welcome Air Force Federal Credit Union into our cooperative and look forward to a long-term relationship. We believe they will be pleased with the performance of our full-service credit and debit processing solutions,” said David Serlo, president and CEO of PSCU Financial Services.

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Payments/Credit/Debit