Aerial view over Hilo, Hawaii. (Source: Shutterstock)
The St. Petersburg, Fla.-based CUSO and payments provider, PSCU, announced on Thursday that Maui County Federal Credit Union joined the cooperative to have PSCU provide credit and debit processing services for the credit union's members.
According to PSCU, the new services will begin in 2022 for the credit processing services and 2024 for the debit processing. It is a welcomed addition to Maui County FCU's planned buildup of new services for its members.
"We were thoroughly impressed with PSCU's commitment to its Owner credit unions' success and felt the entire team truly cared about its partners and their achievements. As an added bonus, the CUSO offers solutions and tools that will exceed our members' expectations," said Gary Fukuroku, CEO of Maui County FCU. "We look forward to kicking off what we expect to be a long-lasting relationship later this year."
Thursday's news comes on the heels of PSCU's announcement in April of a massive expansion in the Aloha State with the signing of new and similar services for the following three credit unions:
- Honolulu Federal Credit Union ($318.4 million in assets, 18,240 members).
- HFS Federal Credit Union ($756 million in assets, 52,550 members).
- Pearl Hawaii Federal Credit Union ($444.6 million in assets, 30,216 members).
"Just like Maui County FCU, the 'people helping people' credit union philosophy is at the heart of all we do at PSCU, making our partnership an ideal fit," said EVP and Chief Revenue Officer at PSCU, Scott Wagner. "We are pleased to welcome the credit union to the growing PSCU family in Hawaii and are eager to begin working alongside the credit union to provide its members with the unparalleled member experience and technological innovations our other Owner credit unions' members have come to know and expect from PSCU."
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
