CU Service Centers Shared Branching - Your Credit Union, Multiplied!

FOR IMMEDIATE RELEASE
Contact: Rozana Audisho

Public Relations Manager, FSCC

(888) 372-2669 ext 1233

raudisho@fscc.com

FSCC Shared Branching Network Continues to Expand Coast to Coast

Ontario, Calif.—(February 16, 2010)—Financial Service Centers Cooperative, Inc. (FSCC), the nation’s largest and most convenient credit union Shared Branching Network, today announced that during the last quarter of 2009 four credit unions joined the Network from three major markets including Midwest, Northwest, and West Coast.

Community Schools Credit Union in Muskegon, Michigan, Pacific Service Credit Union in Walnut Creek, California, Renton Community Credit Union in Renton, Washington, and Sea Air Federal Credit Union in Seal Beach, California signed up for Shared Branching services through FSCC.

Community Schools Credit Union made the move to Shared Branching to provide their membership a low-cost method of performing financial services. “We saw the benefit and importance in offering our members convenient locations coast to coast. We especially were pleased with FSCC’s technology and services of member delivery channels,” said Carol A. Wagner, CEO at Community Schools Credit Union.

According to Pacific Service Credit Union, Shared Branching will provide an expansion of services without the cost of building new branches, “Shared Branching will afford us advantages in expanding our physical presence into local markets. With Shared Branching, we will be able to provide convenient access to services without the costs associated with owning a physical branch,” said Jenna Perron, Vice President of Operations with Pacific Service Credit Union. “In California, we have over 20,000 members that live within five miles of a shared branch location. FSCC affords the convenience of physical branches creating marketing opportunities for us with a large population of members. As an organizatio n centered on creating member value, the convenience advantages we gain through Shared Branching fit well with our strategic plan,” Perron added.

“We joined Shared Branching to give our membership the convenience of reaching their accounts from anywhere they are located. We feel we can better serve our membership because of the opportunities CU Service Centers® can provide,” said Holly Smith, CEO, Renton Community Credit Union. “We’re very excited to be a part of this program and look forward to expanding our locations for our members”.

“Shared Branching via FSCC will provide account access to our military personnel located throughout the country and abroad. All our members will benefit from the increased account accessibility, availability of the call center, and other unique features of FSCC Shared Branching,” said Michael Pardon, President/CEO, Sea Air Federal Credit Union. “We look forward to a mutually beneficial relationship with FSCC.”

“We welcome Community Schools Credit Union, Pacific Service Credit Union, Renton Community Credit Union, and Sea Air FCU to the Network. We are honored they chose us as their network,” said Sarah Canepa Bang, President/CEO, FSCC. “Offering shared branching will not only provide their members with 6,300 new locations but also provide the credit unions a safety net in the wake of a disaster or disruption.”

“The cooperative spirit of these credit unions is significant as it reinforces the convenience that Shared Branching provides for The Movement. The more credit union participation we have, the better service we can provide members worldwide,” added Ms. Bang.

FSCC added over 150 branches to its Network in 2009, and has plans to expand even more in 2010.

About Financial Service Centers Cooperative, Inc. (FSCC)

FSCC is the nation’s largest and most convenient credit union Shared Branching Network providing nearly 6,300 full service deposit-taking locations in the U.S. and four foreign countries. FSCC’s innovative use of technology allows it to offer 24/7 access for financial services at more than 2,200 7-Eleven® Vcom® Units. FSCC credit unions represent $141 billion in assets. Since 1999, FSCC has returned over $14 million to its members through patronage dividends, rebates and return of capital. For more information, please visit www.fscc.com or call 888-372-2669 ext. 1235.

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