Capitol Hill Run Spotlights Credit Union Industry in Era of Unprecedented Financial Services Legislation

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Mon Nov 9, 2009 8:01am EST

Capitol Hill Run Spotlights Credit Union Industry in Era of Unprecedented
Financial Services Legislation





WASHINGTON, Nov. 9 /PRNewswire/ -- Current legislative issues affecting credit
unions, and a nationwide decline in charitable giving, has made support for
the 2010 Credit Union Cherry Blossom Ten Mile Run® more imperative than ever
before. The annual Washington D.C. race not only highlights the credit union
industry, but also spotlights its commitment to community service since all
proceeds go to Children's Miracle Network hospitals.

PSCU Financial Services, the nation's largest credit union service
organization, is the lead corporate sponsor for the Sunday, April 11 run, but
additional financial support from credit unions and the industry is needed. 

"This annual run has always been an important opportunity to gain recognition
for our industry on Capitol Hill, but proposed financial services legislation
amplifies the need to showcase the credit union difference and makes it vital
for credit unions to unite in support of this important event," said David J.
Serlo, president and CEO, PSCU Financial Services. 

Credit unions can sign up as a race sponsor and make donations at
www.cucherryblossomrun.org. An easy way for PSCU Financial Services member
credit unions to make a contribution is by donating a portion of interchange
income, since the cooperative handles the processing. 

The 2009 Credit Union Cherry Blossom Run involved 133 sponsors, including 95
credit unions and 38 affiliated organizations. Nearly 15,000 runners
participated, including about 500 influential legislators, aides and
government employees as well as members of credit unions and individuals.
Online donations from runners and others totaled $100,000.

During the past eight years more than $3.6 million has been donated to
Children's Miracle Network - an alliance of 170 children's hospitals across
North America that treats 17 million critically ill children annually. 

"Many Americans have lost jobs and health insurance coverage, so there is an
even greater need than ever to provide critical medical treatment for families
in need," Serlo said. 

Based in St. Petersburg, Florida, PSCU Financial Services is the nation's
largest credit union service organization. PSCU serves more than 1,300
financial institutions nationwide. For more information, visit PSCU Financial
Services' website at www.pscufs.com.




SOURCE  PSCU Financial Services

Merry Pateuk of PSCU Financial Services, Inc., 1-800-932-7728,
mpateuk@pscufs.com
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