FOR IMMEDIATE RELEASE

Contact: Micah J. Parker
Communications Manager, FSCC
(888) 372-2669 ext.1239
mparker@ fscc.com

FSCC Shared Branching Network Announces 11th Consecutive Year of Patronage Dividends

ONTARIO, CA - February 28, 2011 –  FSCC (Financial Service Centers Cooperative, Inc.), the nation's largest credit union shared branching network with over 6,500 network locations, announced they will return patronage dividends to participating credit unions for shared branching transactions performed in 2010.  The dividends will be distributed to patrons following the completion of FSCC's annual audit this spring.  The dividends are paid out to shareholders for acquired transactions performed in their branches and shared branching kiosks owned by participating credit unions.

During the past decade, FSCC has returned over $14.5 million in patronage dividends, rebates, and return of capital to its participating credit unions. The 2010 dividend, which is projected to be $1,003,751, will bring that total to more than $15.5 million.  This makes the 11th consecutive year that FSCC has paid dividends to its shareholders, averaging more than a million each year for more than a decade.

“There’s light at the end of this recession tunnel,” said Steven M. Stapp, Chairman of FSCC’s Board of Directors and CEO of San Francisco Federal Credit Union. “We’re not completely out of the financial darkness yet, not as individuals or in the credit union community as a whole, but we’re starting to see positive glimpses of light. The real proof of these rays of recovery was being able to return such a large patronage dividend despite another financially tough year.”

FSCC President/CEO Sarah Canepa Bang said, "Offering dividends back to our participating credit union shareholders so consistently over the past decade is exciting to us for two reasons. First, it means that more and more individual members are using shared branching, in all its many forms, and loving it, Secondly, at the very core of the credit union movement is the principle of cooperation. We’re thrilled that we can prove that cooperation pays! Cooperation has allowed us to give back millions of dollars to the credit unions that truly believe in it. It’s why we do what we do.”

About FSCC (Financial Service Centers Cooperative, Inc.)
FSCC is the nation’s largest and most convenient credit union Shared Branching Network providing over 6,500 full service deposit-taking locations in all 50 states. FSCC can be summed up in three words: Connectivity, Continuity, and Convenience. Dedication to all three of these values inspired FSCC to create the Collaborative Innovation Model, or CIMple, bringing to the table a full suite of electronic and personal member service tools. FSCC is also the innovator behind 24/7 shared branching at more than 2,200 7-Eleven® Vcom® units. FSCC credit unions represent $144.8 billion in total assets and 12.2 million members. Since 1999, FSCC has returned over $15.5 million to its members through patronage dividends, rebates and return of capital. For more information, please visit http://www.fscc.com or call 888-372-2669 ext. 1236.

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