PSCU, the nation’s largest payment Credit Union Service Organization (CUSO), plans to merge with Co-op Solutions by year’s end, creating a larger organization better equipped to meet the growing technology and service demands in the evolving payments landscape. The merger between St. Petersburg-based PSCU and Rancho Cucamonga-based Co-op Solutions, with PSCU’s CEO Chuck Fagan remaining at the helm, aims to strengthen their collective nationwide footprint. The decision comes amid industry-wide changes, including the rise of instant payment services with the introduction of the Federal Reserve’s FedNow, potential legislation affecting interchange income, and increased security threats.
PSCU & Co-op Plan to Be ‘Stronger Together’ with Merger
