DATE: October 8, 2007                                                            
 

FiSCA Elects Joseph Coleman, President of RiteCheck,
As Its Chairman During Its Annual Conference

Phoenix, AZ – At its 19th Annual Conference and Exposition, the Financial Service Centers of America (FiSCA) elected Joseph Coleman as its next Chairman. Coleman has been a member of FiSCA since 1994 and currently sits on the Board of Directors. He replaces Gary Dachis who held the position for the previous three years. Coleman’s term starts immediately.

“It is an honor to be elected FiSCA’s Chairman by my colleagues from across the industry,” said Coleman of his election. “Since its inception, FiSCA has demonstrated important leadership on many issues of importance to the entire financial services industry. In the past few years these challenges have included compliance with increasingly-misguided government regulations and the issue of bank discontinuance. It is my hope that we will continue to serve the industry by addressing head on these existing issues as well as new ones that inevitably arise. Of critical importance is the issue of perception. We provide critical services – “financial oxygen” – to many communities across the country. We must close the gap between the essential benefits we deliver and the perception of our industry. We must continue to provide our members with the services and products that help enhance the overall perception of our industry while we also continue to create competitive advantages for them in the marketplace.” 

Coleman brings an impressive track record of innovation and leadership to this new position. Since 1994, he has led the way in establishing an alliance between the check cashing and credit union industries in New York. Considering the high degree of interest among both credit unions and check cashers, not to mention the benefits that will accrue to customers of both institutions, this partnership is expected to lead to the revolution in the provision of low income financial services.

FiSCA, founded in 1987, is the national trade association for more than 6,000 individual financial service centers across the United States. FiSCA members provide a wide variety of financial services and products to their communities, including check cashing, money orders, money transfers, and electronic bill payment services, automatic teller machine access, government benefit and payroll payments, deferred deposit services, electronic tax preparation, prepaid debit cards, deposit acceptance services, public transportation fare and token sales, motor vehicle license plate and title distribution, postage stamp sales and numerous other services. For more information, please visit www.fisca.org.

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