PSCU, the nation’s leading provider of services to credit unions, announced a renewed company focus during the search for a replacement for former CEO Michael Kelly.
In a statement released today, PSCU Chairman of the Board Mike Valentine outlined a new strategy under the temporary leadership of Tom Gandre, who had served as executive vice president and chief operating officer.
Valentine also expressed appreciation for Kelly, who left after four years as CEO, saying he “transformed the business model and positioned the organization for new growth.” Valentine added that there is a plan now in place to “move the organization forward” while the company searches for Kelly’s replacement.
“Mike was a change agent who helped PSCU and its stakeholders gain visibility and momentum in the marketplace and successfully positioned PSCU for the future,” Valentine said. “PSCU appreciates his contributions over the past four years and wishes him well in his future endeavors.”
Kelly, who had been with the PSCU since 2011, stepped down on Feb. 9. He previously served as general manager of payments network for New Jersey-based Fiserve Inc.
Headquartered in St. Petersburg, PSCU is a private organization servicing nearly 800 credit unions nationwide. The member-owned firm is the leading Credit Union Services Organization (CUSO) in the U.S.