SHRUTI MIYASHIRO AND BENSON PORTER APPOINTED TO CO-OP FINANCIAL SERVICES BOARD OF DIRECTORS
Each to Fill Remainder of Term of a Retiring Board Member

RANCHO CUCAMONGA, Calif. (July 2, 2012) – Shruti Miyashiro of Orange County’s Credit Union and Benson Porter of BECU have joined the Board of Directors of CO-OP Financial Services to complete the terms of two retiring members.

Both Miyashiro and Porter were appointed by the Board, with Miyashiro replacing Rick Craig of America First Credit Union for a term extending to 2015; and Porter replacing Gary Oakland of BECU, whose term extends to 2014. Both new members took office effective July 1.

“Shruti and Benson are not only leaders of their credit unions, but leaders in our industry and will no doubt play valuable roles in the Board’s oversight of the best cooperative in our movement,” said Terry Laudick, Chairman, CO-OP Board of Directors. “The Board also wishes to thank Rick and Gary, who are both multi-term members of the Board, and we wish them well in their retirements.”

Miyashiro had previously served as Chair of CO-OP’s independent, six-member Audit Committee since April 2010. She is President/CEO of Orange County’s Credit Union of Santa Ana, Calif., a post she has held since 2007. She has also held the position of President/CEO at Pasadena (Calif.) Federal Credit Union. Miyashiro earned a Masters degree in business administration from the University of Redlands (Calif.)

Porter not only succeeds Oakland on the CO-OP Board, but also as President/CEO of BECU in Tukwila, Wash., a position he assumed in April 2012. He had previously served in the same capacity at First Tech Federal Credit Union in Palo Alto, Calif. Benson holds a law degree from Seattle University and an undergraduate degree in economics from Whitman College in Walla Walla, Wash.

For more information, visit www.co-opfs.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 30,000 surcharge-free ATMs, 4,600 shared branching locations (plus 2,200 Vcom® kiosks) and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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10 NEW ENGLAND CREDIT UNIONS, ADDING 36 BRANCHES, SIGN LETTERS OF INTENT TO JOIN CO-OP SHARED BRANCHING
Flurry of Signings Result from Marketing Partnership Between FSCC, LLC, and NECUS, LLC

RANCHO CUCAMONGA, Calif. (June 15, 2012) – FSCC, LLC, a part of CO-OP Shared Branching, and New England Credit Union Services, LLC, are partnering on a marketing initiative in three New England states to expand credit union participation in shared branching.

A total of 10 credit unions in Massachusetts, New Hampshire and Rhode Island have signed letters of intent to join the CO-OP Shared Branching network since the program kicked-off in early April. The 10 credit unions will bring 36 new branches into the network, which already includes more than 4,600 physical branch locations, plus 2,200 Vcom® kiosks at 7-Eleven stores, nationwide.

The marketing initiative includes a package of relationship pricing opportunities that also features CO-OP Network, the 30,000-strong ATM network operated by CO-OP Financial Services. Credit unions in the three states have until July 31, 2012, to take advantage of the package offer.

“This initiative demonstrates the advantages that CO-OP Shared Branching can now offer the credit union movement with the merger of FSCC and CO-OP, both in terms of network coverage and operational efficiencies,” said Sarah Canepa Bang, President and COO of FSCC, LLC. “The network has been growing robustly in 2012, including 13 new branches added with the signing of Webster First FCU of Worcester, Mass., in January. The leadership at NECUS, LLC, has been outstanding, and we are very grateful for our partnership with them.”

“Our credit unions have good reason to be excited about shared branching, which is the perfect combination of state-of-the-art transaction technology in a traditional branch setting,” said Bonnie Doolin, SVP/COO of NECUS, LLC. “This is a great time to be a credit union and nothing demonstrates to consumers our movement’s spirit of cooperation better than shared branching.”

The organizations are not identifying the credit unions that have signed letters of intent as contracts are pending and are not expected to go into effect until next year. However, FSCC, LLC, and NECUS, LLC, are planning to announce specific signings on International Credit Union Day, October 18, 2012, in a New England-based event involving the media, credit unions and their members.

For more information, visit www.co-opfs.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 30,000 surcharge-free ATMs, 4,600 shared branching locations (plus 2,200 Vcom® kiosks) and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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CENTRAL SUNBELT FCU JOINS CO-OP NETWORK, NATION’S LARGEST CREDIT UNION-ONLY NETWORK OF ATMs
Mississippi-based Institution is the Third Largest Credit Union in the State

RANCHO CUCAMONGA, Calif. (June 5, 2012) – Seeking to leverage more than 28,000 surcharge-free ATMs nationwide to increase convenient account access for its members, Central Sunbelt FCU of Laurel, Miss., has joined CO-OP Network from CO-OP Financial Services.

Central Sunbelt FCU (www.sunbeltfcu.org) is the third largest credit union in Mississippi, with $185 million in assets and more than 25,000 members.

“I know from my experience with other credit unions that CO-OP Network has always proven to be an excellent tool to help cross-sell members based on the convenience of surcharge-free ATM access,” said Chris Hammond, President/CEO of Central Sunbelt FCU. “We also use CO-OP Shared Branching, so CO-OP Network helps reinforce our commitment to cooperation within the credit union movement.

“We hope our members will have access to even more surcharge-free ATMs in the future, and that Central Sunbelt FCU will help increase awareness of CO-OP Network in Mississippi so that other credit unions join the network and provide more options for all of our members,” said Hammond.

Participation in CO-OP Network enables members of Central Sunbelt FCU to access more than 28,000 surcharge-free ATMs (including 9,000 deposit-taking) nationwide. As the most expansive credit union-only ATM network in the nation, CO-OP Network also provides links to virtually every national and regional system.

For more information, visit www.co-opfs.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 30,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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$10,000 AVAILABLE AGAIN TO WINNER OF CO-OP THINK PRIZE 13 COMPETITION
Hopefuls Have Until September 28 to Complete On-line Application

RANCHO CUCAMONGA, Calif., June 4, 2012 – The entry period is now open for the CO-OP THINK Prize 13, with entrants having until September 28 to complete their round one application and become eligible for the $10,000 grand prize sponsored by MasterCard.

CO-OP THINK Prize 13 contestants can find complete details and apply here: http://co-opthink.org/think-prize.

“The purpose of the prize is to inspire innovative solutions to the issues confronting the credit union industry,” said Stan Hollen, President/CEO, CO-OP Financial Services. “We have had two wonderful examples of this with the winners of the 2011 and 2012 competitions, and we are looking for more great creative thinking to help our movement in 2013.”

The solutions put forward in the competition can take any form – such as an innovative application of technology, a new process for back office efficiency or a fresh approach to industry advertising and marketing. Though the ideas can vary widely, the judging criteria for entries are based on four main standards – impact, creativity, aggregation (the application of the idea across the industry) and implementation (the ability to be adopted quickly).

For CO-OP THINK Prize 13, red letter dates are:

· Sept. 28, 2012. Deadline to complete an on-line entry application.
· Oct. 30, 2012. Semi-finalists will be notified, and invited to produce a detailed business plan, on or about this date.
· Dec. 19, 2012. Semi-finalist business plans are due.
· Jan. 31, 2013. A total of three finalists will be notified on or about this date.
· March 25-April 19, 2013. On-line voting takes place.
· May 1, 2013. The CO-OP THINK Prize 13 winner is announced at the THINK 13 Conference in Chicago, Ill.

This is the third year for the CO-OP THINK Prize competition. The two previous winners are Matt Weidler, IT Asset Coordinator with Evangelical Christian Credit Union of Brea, Calif.; and
Paul Yang, CEO, Premier Community Credit Union, Stockton, Calif.

The CO-OP THINK Prize winner is awarded $10,000. The money goes to the individual entrant, who may use it toward executing their idea, though they are not obligated to do so.

The 25 semi-finalists and then the three finalists are selected by judges from CO-OP Financial Services and an industry panel.

For more information, visit: http://co-opthink.org/think-prize.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 30,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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“THINK AGAIN: KEY TAKEAWAYS FROM THINK 12” WHITE PAPER NOW AVAILABLE FOR DOWNLOADING
Free White Paper, Other Resources Can Be Found At http://co-opthink.org/conference/think-13

RANCHO CUCAMONGA, Calif. (May 31, 2012) – “THINK Again: Key Takeaways from THINK 12,” a free white paper detailing the most important points made by speakers at the THINK 12 conference, is now available for downloading from CO-OP Financial Services.

The white paper is available here. In addition, the white paper can be found, along with other THINK 12 Conference resources, at http://co-opthink.org/conference/think-13(click on “Downloads”).

“We recognize the challenge of taking the big ideas attendees hear at THINK and finding ways to implement them back home at their credit unions,” said Stan Hollen, President/CEO, CO-OP Financial Services, which hosts the annual event. “‘THINK Again’ is a lively proceedings digest that reports on the highlights of each featured presentation and provides some direction on how our industry can apply those lessons.”

The THINK 12 conference, held April 29-May 2 in Boca Raton, Fla., included speakers such as Billy Beane of the Oakland A’s, Chris Berman of ESPN and guitarist-turned-defense-expert Jeff Baxter. The conference showcases business thought leaders from diverse industries, in order to provide a fresh perspective to credit union leaders on issues facing the movement. Speakers at THINK 12 focused on the themes of credit-union-as-cult-brand, creativity and reinvention.

CO-OP Financial Services has already announced that the next THINK conference will be held in Chicago, Ill., April 29-May 2, 2013. Credit union industry employees can sign-up for updates leading up to THINK 13, in addition to accessing many other conference-related resources, on the same page where they can find the white paper – http://co-opthink.org/conference/think-13.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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CO-OP FINANCIAL SERVICES ELECTS NEW OFFICERS 
Laudick, Ferraro, Napper and McMorris Elected to Officer Positions on Board of Directors

RANCHO CUCAMONGA, Calif. (May 25, 2012) – Terry Laudick, President/CEO of New Mexico Educators FCU, Albuquerque, N.M., has been elected to a one-year term as Chairman of the Board of CO-OP Financial Services, the leader in access and convenience products for credit unions.

Laudick’s elevation to Chairman by vote of the Board follows his reelection to the Board itself on April 29 by shareholders for a third and final three-year term. He has served as a CO-OP Board member since 2006, and as President/CEO of New Mexico Educators FCU since 2000.

“I want to thank the members of the Board for their support, their commitment of time and their vision for the future,” said Laudick. “And, a special thank you to Doug Allman (of NASA FCU) for his leadership as Chairman these past two years. I would also like to recognize and express appreciation to the management and staff of this wonderful organization. Their ongoing commitment to creating the movement’s best cooperative is truly appreciated.”

The 11-member Board also elected three other members to Officer positions, including:

· Doug Ferraro, President/CEO, Bellco CU, Greenwood, Colo., elected Vice Chairman/Chairman Elect.
· Jeff Napper, President/CEO, LBS Financial CU, Westminster, Calif., elected Treasurer.
· Allan McMorris, President/CEO, Oakland County CU, Waterford, Mich., elected Secretary.

In addition to Laudick, shareholders of CO-OP Financial Services also reelected two other Board members to third terms:

· Rick Craig, President/CEO, America First CU, Riverdale, Utah.
· Patsy Van Ouwerkerk, President/CEO, Travis CU, Vacaville, Calif.

For more information, visit www.co-opfs.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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PAUL YANG OF PREMIER COMMUNITY CREDIT UNION VOTED WINNER OF CO-OP THINK PRIZE 2012
Favored by Judges, Online Voters, THINK 12 Attendees

RANCHO CUCAMONGA, Calif. (May 2, 2011) – Paul Yang of Premier Community Credit Union, Stockton, Calif., is the winner of the CO-OP THINK Prize 2012, and recipient of $10,000, for his idea for a “P2P Payment Card for CO-OP Network Cardholders.”

The three finalists in the competition presented their business plans to attendees of THINK 12 in Boca Raton, Fla., the afternoon of April 30. Yang, CEO of Premier Community Credit Union, was announced the winner at the conference’s Gala & Dinner the evening of May 1.

The two other finalists were:

· Maricela Jauregui, Branch Manager, Mid Cities Credit Union, Compton, Calif.: “QR Code Verification.”

· Jay Schwartz, V.P., Sales and Service Delivery, Marriott Employees’ FCU, Bethesda, Md.: “Social Networking for Credit Union Members.”

The $10,000 award to Yang was presented by CO-OP Financial Services and CO-OP THINK Prize sponsor MasterCard.

As Yang explained it to the judges in his initial proposal, “My idea is a form of payment services – person-to-person. Anyone with a CO-OP Network card can send money to anyone else having a CO-OP Network card. By having this exclusive person-to-person payment system, members can easily pay one or another member, at any CO-OP ATM.”

“CO-OP congratulates Paul on his winning business plan,” said Stan Hollen, President/CEO of CO-OP Financial Services. “Our goal with the CO-OP THINK Prize is to promote and inspire creative thinking on industry issues, and Paul’s plan is a wonderful display of that.”

The business plans of CO-OP THINK Prize entrants can take any form – such as an innovative application of technology, a new process for back office efficiency or a fresh approach to industry advertising and marketing. Though the ideas can vary widely, the judging criteria for entries are based on four main standards – impact, creativity, aggregation (the application of the idea across the industry) and implementation (the ability to be adopted quickly). The three CO-OP THINK Prize finalists were selected by judges from CO-OP Financial Services and the Filene Research Institute

The final decision on the winner was based on the voting of the judges, online voting at the THINK 12 website March 26-April 13 and that of registered THINK 12 attendees.

Entries for the CO-OP THINK Prize for 2013 open June 1 at www.co-opthink.org.

For more information, visit www.co-opfs.org,

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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NEARLY $90,000 RAISED FOR CHILDREN’S MIRACLE NETWORK HOSPITALS AT THINK 12 CONFERENCE
Conference Event Participants, TNS and CO-OP Financial Services All Contribute

RANCHO CUCAMONGA, Calif. (May 2, 2012) – Nearly $90,000 was raised in donations to Children’s Miracle Network Hospitals at the THINK 12 Conference held April 29-May 2 in Boca Raton, Fla., including $75,000 from Transaction Network Services, Inc.

“The amount donated to CMNH during THINK 12 is a testimony to the people-helping-people ethic of the credit union movement,” said Stan Hollen, President/CEO of CO-OP Financial Services. “It’s not just a slogan, people in this industry really are committed to the well being of others.”

“TNS is focused on supporting organizations that help provide a brighter future for children,” said Mike Keegan, President/COO of TNS (www.tnsi.com), Reston, Va. “We initially became involved with the Children’s Miracle Network Hospitals after seeing the passion of CO-OP and its credit union members for this important cause. We look forward to continuing our support of CMNH.”

A tradition of the THINK conferences, the 2012 meeting included three scheduled three charitable events during the morning of April 30. Activities included a golf tournament, a 5K Run/Walk and an “Interactive Cooking Challenge.” In the latter event, attendees donated $150 each to learn the art of using herbs and spices from one of the executive chefs of the Boca Raton Resort and Club, site of the conference. The amount contributed by participants to these three events totaled $4,716.

At the conference’s Gala & Dinner on May 1, host CO-OP Financial Services of Rancho Cucamonga, Calif. (www.co-opfs.org) donated a further $10,000. This is in addition to the $1 million CO-OP Financial Services donates on behalf of its member institutions to Credit Unions for Kids fundraisers annually. TNS’ Keegan then stepped forward at the gala to present the check from TNS for $75,000 to CMNH.

The May 1 donations by the two companies combined with the April 30 events to bring the total to $89,716 for the THINK 12 conference.

For more information, visit www.co-opfs.org,

About Transaction Network Services, Inc.
Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.

TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.

Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.

To learn more, please visit www.tnsi.com.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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CO-OP FINANCIAL SERVICES AND DIEBOLD, INCORPORATED, PARTNER ON TEST OF TWO-WAY VIDEO SUPPORT FOR ATMs
Companies Announce Next Step in Member Convenience

RANCHO CUCAMONGA, Calif. (May 1, 2012) –

RANCHO CUCAMONGA, Calif. (May 1, 2012) – CO-OP Financial Services is partnering with Diebold, Incorporated (NYSE: DBD), to provide greater personalized service and convenience to credit union members by testing two-way video member service on CO-OP Network at Diebold automated teller machines (ATMs).

“As ATMs continue to provide more capabilities to the user, two-way video support is the next step in ensuring the member can conduct their business quickly and easily,” said Stan Hollen, President/CEO, CO-OP Financial Services. “This initiative is an extension of the partnership formed between CO-OP Financial Services and Diebold to deliver enhanced self-service capabilities for the member and complete ATM management services for the credit union.”

CO-OP Financial Services and Diebold, Incorporated, are jointly developing a path toward delivery channel optimization, where sales, additional teller functions and customer service can be migrated to self-service endpoints. The goal of the partnership is to enable credit unions to reduce costs and expand their channels while maintaining a high level of personal service.

The new capability is designed to provide financial institutions the opportunity to expand the member relationship. The service will also facilitate additional call center services such as transfers and account opening. The member can connect to a call center customer service representative for real-time, “face-to face” interaction via two-way video. The service integrates with either a credit union call center or, for 24/7 member service, the CO-OP Member Center. CO-OP Financial Services will provide the terminal driving capability and network access, and Diebold will provide member identification and video services to support the two-way video capabilities.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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CO-OP FINANCIAL SERVICE INTRODUCES CO-OP BILL PAY
Online Bill Pay Line Stems from CO-OP’s Acquisition of eCom

RANCHO CUCAMONGA, Calif. (April 26, 2012) – CO-OP Financial Services is introducing CO-OP Bill Pay, the company’s first online bill pay product line for credit unions, featuring competitive pricing, superior service and product option flexibility.

“CO-OP Bill Pay is the result of our acquisition in January of Corporate Network eCom, LLC, enabling us to offer our clients a robust line of bill pay products right now,” said Stan Hollen, President/CEO of CO-OP Financial Services. “The new line is a perfect extension of our e-commerce solutions, and will help our clients compete even more effectively against banks in terms of access and convenience services they can offer their members.”

The line is backed by CO-OP’s eCom service organization, with 13 years of experience and providing support to more than 750,000 credit union members. In addition, with CO-OP Financial Services’ aggregation of client volume and processing the company can offer clients bill pay solutions at a far better price than that they could secure on their own.

CO-OP Bill Pay enables members to receive, view, manage and pay all of their bills when they log-on to their credit unions online banking site. The new product line is available in three versions to maximize the range of options credit unions can offer their members.

Features of the premium, fully-hosted version of CO-OP Bill Pay include:

· e-Bills. Credit unions can present electronic versions of members’ bill, allowing them to view and pay bills immediately.
· Expedited payments. This feature enables members to make same-day electronic payments.
· Person-to-Person (P2P) payments. Members can transfer money to anyone having a deposit account in the United States or send money instantly via PayPal.
· Alerts. Credit unions can send members email alerts regarding payments and other matters.
· Member access by mobile device.

CO-OP Bill Pay is available immediately. For more information, visit www.co-opfs.org or call 1-888-656-4050 to speak with a CO-OP Bill Pay representative.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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CO-OP ANNOUNCES PATRONAGE OF $15.9 MILLION FOR FISCAL YEAR 2011
Additional $14.1 Million Paid to FSCC, Inc., Shareholders

RANCHO CUCAMONGA, Calif. (April 2, 2012) – CO-OP Financial Services is announcing a patronage distribution to shareholders of $15.9 million for fiscal year 2011, bringing CO-OP’s total patronage amount to $229.2 million since becoming a credit union cooperative in 1996.

“CO-OP Financial Services had a remarkable 2011 for our clients and shareholders,” said Stan Hollen, President/CEO of CO-OP. “We achieved a number of key company milestones that benefit the credit union movement. At the same time, we maintained another outstanding patronage year, allowing us to provide a cash dividend to shareholders and continue to invest in products and services that will benefit all clients and their members.”

Key events for CO-OP in 2011 include:

• Merger with FSCC, Inc., to unify credit union shared branching services. The combined operation enables greater efficiencies in branding, technology and administrative costs.

• CO-OP Financial Services and The Members Group (TMG) of Des Moines, Iowa, formed a strategic partnership to cross-sell selected products and services.

• Acquisition of online and mobile bill pay services of Corporate Network eCom, LLC, based in the Kansas City area (completed at the end of January 2012).

• Launch of a general media campaign urging consumers to switch from banks to credit unions. The humorous ads use the tag line “Banks Don’t Like You. Credit Unions Do.”

• Donation of $1 million to support credit union fundraising efforts for Children’s Miracle Network Hospitals through its CO-OP Miracle Match program.

• A record-high client satisfaction rating set in the first half of 2011, then surpassed in the second half.

FSCC, Inc., Distribution
The completion of the shared branching merger enabled FSCC, Inc., to pay $14.1 million to its shareholders, a figure that includes all revolving fund balances, 2011 patronage and common stock (based on FSCC book value). The company is now known as FSCC, LLC, and is part of CO-OP Shared Branching, one of five CO-OP business lines.

CO-OP Financial Services is the nation’s largest credit union service organization, specializing in providing products that help credit unions compete successfully against banks by maximizing their own operational efficiency as well as easy access for members. The company services more than 3,000 participating credit unions, nearly 1,200 of which are member-shareholder institutions.

For more information, visit www.co-opfs.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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ANDROID DEVICE SUPPORT ADDED TO CO-OP MY DEPOSIT MOBILE
Competitive Advantage for Credit Unions, Greater Convenience for Members

RANCHO CUCAMONGA, Calif. (March 27, 2012) – CO-OP Financial Services is adding Android support for CO-OP My Deposit Mobile, enabling credit union members with these popular devices to deposit checks to their accounts from their phones.

“CO-OP My Deposit Mobile with Android support helps credit unions gain a competitive advantage because many financial institutions that have mobile products have not yet deployed a remote deposit function,” said Stan Hollen, President/CEO, CO-OP Financial Services. “In addition, the new functionally for CO-OP My Deposit Mobile adds to a credit union’s ability to offer convenient access to accounts for members, which is what all CO-OP products are designed to do.”

Android is the fastest-growing mobile device platform in the market today. For credit unions, the new CO-OP product means they can better appeal to the key market demographic of younger, tech-savvy members. For members, CO-OP My Deposit Mobile eliminates geographic restrictions and allows them to access their accounts anytime, anywhere.

CO-OP My Deposit Mobile is an add-on service to CO-OP Mobile, allowing credit unions to capture, proof and clear digital check images submitted by members using their smart phones. The product has been available to iPhone users for more than one year. The Android deposit function, which requires deployment of a new Android application, is available to credit unions immediately.

The Android deposit function works similar to the iPhone function. Members take pictures of the check front and back, enter amount, select deposit account and upload the images. The interface design and navigation is similar to the Android’s browser mode for CO-OP Mobile.

For more information on CO-OP My Deposit Mobile, visit www.co-opfs.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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CHRIS BERMAN OF ESPN JOINS SPEAKER LINE-UP AT THINK 12 CONFERENCE
Online Registration is Available at http://co-opthink.org

RANCHO CUCAMONGA, Calif. (March 21, 2012) – Chris Berman, who joined fledging ESPN in 1979, and remains there still as one of the best known sportscasters in America, has joined the roster of featured speakers for the THINK 12 Conference.

THINK 12 will take place Sunday, April 29-Wednesday, May 2, 2012, at the Boca Raton Resort & Club, in Florida. Produced annually by CO-OP Financial Services, this is the first THINK Conference to be held on the east coast.

The featured speakers at THINK 12 will be focusing on the topics of cult brand, reinvention and creativity as means of addressing credit union industry issues. Berman will be tackling cult brand, drawing on the corporate success of the ESPN cable television network. He is something of a cult brand himself, known for catch phrases like “He could…go…all…the…way!” and “Back-back-back-back”, and punning nick-names for players such as “Bert ‘Be Home’ Blyleven.”

Other featured speakers scheduled for the THINK 12 Conference include: Billy Beane, Oakland A’s General Manager and subject of the book and movie “Moneyball;” Jeff Baxter, guitarist for groups such as Steely Dan and the Doobie Brothers, and now a national security consultant; Dr. Jeff Norris of NASA Jet Propulsion Laboratory; Alexis Maybank of Gilt Group; Brett King, financial industry author and advisor; and Valerie Morris, financial journalist.

Registration for the THINK 12 Conference can be easily completed online at http://co-opthink.org. Conference registration is $499.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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Available at www.CreditUnionsDo.org

CO-OP FINANCIAL SERVICES OFFERS CONSUMER AD CAMPAIGN TO CREDIT UNIONS
Free, Customizable Campaign Materials Promote Credit Union Membership

RANCHO CUCAMONGA, Calif. (March 14, 2012) – CO-OP Financial Services is announcing the launch of a consumer advertising campaign themed “Credit Unions Do” and designed to promote credit union membership. Campaign materials are free to all credit unions – regardless of their affiliation with CO-OP Financial Services – and can be customized by individual institutions.

The campaign is the next phase of the “Banks Don’t Like You” consumer advertising CO-OP Financial Services initiated in November 2011 (see www.facebook.com/BanksDontLikeU). Moving from “Banks Don’t Like You,” this effort stresses “Credit Unions Do” wonderful work on behalf of their members.

“While credit unions have a huge opportunity right now to gain new members, many don’t have the necessary resources to create the kind of high-end marketing materials that will get them noticed,” said Caroline Lane, Senior Vice President, Business Development and Marketing for CO-OP Financial Services. “This integrated campaign will allow credit unions of all asset sizes to share in a unified brand message that highlights the benefits of switching to a credit union.”

CO-OP Financial Services will display the campaign March 18-20 in booth 401 at CUNA’s Government Affairs Conference (GAC) in Washington, D.C.

The campaign is humorously based on the trials and tribulations of earning a living, and features the tag line, “Making Money is Hard. But Putting It in the Right Place Doesn’t Have to Be.”

The ads can be customized to include an individual credit union’s logo and web address. Initially, materials will be offered in the form of print ads and web banners.

“These ads are designed to educate a whole new generation of potential members about what ‘Credit Unions Do’ – from offering better rates and friendly member service to the convenience of a network of shared branches and surcharge-free ATMs,” said Lane.

The materials can be downloaded immediately at www.CreditUnionsDo.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP Financial Services connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union clients, 30 million cardholders, 28,000 surcharge-free ATMs, 4,400 shared branch locations and more than 2.2 billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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CO-OP FINANCIAL SERVICES SELECTS CATALYST CORPORATE FCU FOR PAYMENT SETTLEMENT SERVICES
Agreement Expands Existing Partnership between the Two Companies

RANCHO CUCAMONGA, Calif. (March 6, 2012) – CO-OP Financial Services has selected Catalyst Corporate FCU to continue providing payment settlements for CO-OP-client credit unions, a service previously provided by Western Bridge Corporate FCU.

The Plano, Texas-based Catalyst Corporate won the right to acquire the assets of Western Bridge in December in a successful bid to the National Credit Union Administration (NCUA), which held the assets in receivership. Catalyst settlement services include check clearing, and ACH, EFT and ATM transactions.

The agreement expands the business partnership between CO-OP Financial Services and Catalyst, which also markets network access and other services from CO-OP.

“From the standpoint of technical power, and as an existing business partner, Catalyst will conduct high-quality payment settlement services without disruption of any kind for our clients,” said Stan Hollen, President/CEO of CO-OP Financial Services. “CO-OP continues to be a solid supporter of corporate credit unions and this partnership demonstrates that corporates have a key role in the future of our movement.”

CO-OP Financial Services is the largest credit union service organization in the country in terms of number of associated credit unions, assets and members, according to a 2011 survey by Callahan & Associates. The company is best known to consumers for CO-OP Network, comprising 28,000 ATMs available surcharge-free to members of participating credit unions. Catalyst was formed in 2011 from a merger of Southwest Bridge Corporate FCU and Georgia Corporate FCU and currently serves more than 1,000 credit unions throughout the United States.

For more information on CO-OP Financial Services, go to www.co-opfs.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP Financial Services connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union clients, 30 million cardholders, 28,000 surcharge-free ATMs, 4,400 shared branch locations and more than 2.2 billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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CO-OP FINANCIAL SERVICES AND DIEBOLD, INCORPORATED PARTNER TO OFFER CO-OP ATM MANAGED SERVICES
Diebold ATMs Now Available with Fleet Management Suite for Credit Unions

RANCHO CUCAMONGA, Calif. (February 29, 2012) – CO-OP Financial Services announced it is partnering with Diebold, Incorporated to offer CO-OP ATM Managed Services, a complete ATM fleet implementation and management suite for credit unions.

Diebold will market and sell CO-OP ATM Managed Services and will also offer its Diebold Integrated Services® as part of the product suite, which includes anti-skimming, currency management, enterprise security and software deployment services.

Diebold will also be offering CO-OP Payment Processing services for signature and personal identification number (PIN) debit and ATM transactions.

CO-OP ATM Managed Services is a vendor-neutral managed services solution designed to address the individual needs of clients. The agreement enables CO-OP Financial Services to provide credit unions with the two primary ATM hardware options.

“Diebold brings significant marketing power and a high-quality brand to the partnership,” said Stan Hollen, President/CEO, CO-OP Financial Services. “Like our own organization, Diebold has strong relationships with credit unions and understands the need to minimize expenses, simplify management and maximize member experience at the ATM.”

CO-OP ATM Managed Services enables credit unions to turn over all of their ATM-related issues to a single source, allowing them to focus on their core financial services to members. The CO-OP ATM Managed Services solution includes:

Fleet consultation and financing, including technology recommendations and financing/leasing analysis and options. Fleet maximization and innovation, including deployment and implementation of new or upgraded devices, and compliance updates. Fleet management and coordination, including device support, management of vendor services, and a single source for support and billing. ATM processing, including CO-OP Connect infrastructure, terminal driving, reporting, advanced fraud detection and prevention, and adjustment processing.
For more information on CO-OP ATM Managed Services, go to www.co-opfs.org/ATMs.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP Financial Services connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union clients, 30 million cardholders, 28,000 surcharge-free ATMs, 4,400 shared branch locations and more than 2.2 billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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CO-OP FINANCIAL SERVICES INAUGURATES LIVE TESTING OF CO-OP NEXTGEN ATM
New Application Software Enables Nearly All Shared Branching Transactions at an ATM

RANCHO CUCAMONGA, Calif. (February 23, 2012) – Live testing of CO-OP NextGen ATMSM is underway in the headquarters lobby of CO-OP Financial Services in Rancho Cucamonga, Calif., with general availability anticipated by the end of second quarter 2012.

The CO-OP project leaders inaugurating the process are, from left, Terry Pierce, Senior Product Manager; Eric Porter, Executive Vice President, Business Development and Marketing; and Dr. Kathy Herziger-Snider, Vice President, Product Development. CO-OP Financial Services and Diebold, Incorporated, are partnering on the development of the new application software, intended to allow members of participating shared branching credit unions to conduct nearly all branch transactions at a Diebold automated teller machine (ATM).

CO-OP Financial Services is the first payment processor to offer this solution to credit unions using existing terminals and infrastructure, therefore, allowing an institution to better leverage their initial ATM investment. CO-OP NextGen ATM will enable members to conveniently conduct most transactions on their own, freeing in-branch staff to concentrate on more complex revenue activities. CO-OP NextGen ATM is anticipated to complete internal beta testing in early April.

CO-OP NextGen ATM will work with all shared branching platforms within the CO-OP Shared Branching family, with no conversions necessary. For more information, visit www.co-opfs.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,400 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

CO-OP FINANCIAL SERVICES COMPLETES ACQUISITION OF ECOM ASSETS 
Includes All eCom Online and Mobile Bill Pay Services, and Employees

RANCHO CUCAMONGA, Calif., February 6, 2012 – CO-OP Financial Services announced that it has completed the acquisition of the assets of Corporate Network eCom, LLC, including its online and mobile bill pay services, and all employees.

On December 15, 2011, CO-OP Financial Services announced that it had received approval by the National Credit Union Administration to purchase the assets of eCom, a subsidiary of U.S. Central corporate credit union. At the time, the company expected the purchase to close within 90 days. CO-OP Financial Services was selected by NCUA in a compete bid, required as U.S. Central was placed into conservatorship in March 2009.

“The bill pay services of eCom are a perfect extension of the e-commerce business line of CO-OP Financial Services,” said Stan Hollen, President/CEO of CO-OP. “The transition of eCom services to CO-OP is so complementary that eCom clients will not need to change payment processing platforms. This acquisition will help our clients compete even more effectively in the future against banks in terms of access and convenience services they can offer their members.”

All eCom employees will become employees of CO-OP Financial Services and continue to service eCom online and mobile bill pay clients. The organization, located in Lenexa, Kansas, was founded in 1999 and today more than 750,000 credit union members use its electronic bill payment solutions.

The flagship MemberPayPlus enables members to receive, view, manage and pay all of their bills when they log-on to their credit union’s online banking site. MemberPayPlus is a premium, fully-hosted solution for credit unions looking for a comprehensive member bill pay service, but it is also highly price competitive, a characteristic of all eCom products.

For more information, visit www.co-opfs.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., CO-OP Financial Services is the industry leader in access and convenience products for credit unions. With 30 years of credit union service, CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,400 shared branch locations and more than two billion annual transactions, CO-OP Financial Services is the nation’s largest credit union service organization, offering the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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Contact: Bill Prichard
Public Relations Manager
CO-OP Financial Services
800.782.9042, ext. 3450
Bill.Prichard@co-opfs.org

EMPLOYEES OF THREE CREDIT UNIONS NAMED FINALISTS OF $10,000 CO-OP THINK PRIZE
Winner to be Named May 1 at THINK 2012 Conference in Boca Raton, Florida

RANCHO CUCAMONGA, Calif. (January 30, 2012) – With a $10,000 grand prize presented by MasterCard at stake, three finalists have been named for the second annual CO-OP THINK Prize, created in 2010 to inspire innovative solutions to the issues confronting the credit union industry.

The three finalists and their business plans include:

• • Maricela Jauregui

, Branch Manager, Mid Cities Credit Union, Compton, Calif.: “QC Code for Account Access.”

• • Jay Schwartz

, V.P., Sales and Service Delivery, Marriott Employees’ FCU, Bethesda, Md.: “Social Networking for Credit Union Members.”

• • Paul Yang

, CEO, Premier Community Credit Union, Stockton, Calif.: “P2P Payment Card for CO-OP Network Cardholders.”

“We congratulate the three finalists, who have worked hard to develop their business plans since we received their initial idea at the end of August,” said Stan Hollen, President/CEO, Financial Services. “The intent of the CO-OP THINK Prize is to promote creative thinking on challenges facing our movement, and in 2012 we have three very thoughtful approaches for our judges to consider.”

The three finalists were selected from among 25 semi-finalists by judges with CO-OP Financial Services and Filene Research Institute. The winner of the CO-OP THINK Prize for 2012 will be announced on May 1 at the THINK 12 Conference, being held in Boca Raton, Fla., April 29-May 2.

The winner will be based on scoring by the CO-OP Financial Services and Filene Research Institute judges; online voting at the dedicated voting website (http://THINKPrizeVote.org) open March 26-April 13, and on-site voting by registered THINK 12 Conference attendees.

CO-OP Financial Services will be working with the finalists to produce a video that helps the entrants to explain their idea. This video will be made available on the THINK website and shown at the THINK 12 Conference on the morning of May 1. The three finalists themselves and a guest of each are invited to the THINK 12 Conference, with CO-OP Financial Services covering their travel and lodging costs.

The business plans of CO-OP THINK Prize entrants can take any form – such as an innovative application of technology, a new process for back office efficiency or a fresh approach to industry advertising and marketing. Though the ideas can vary widely, the judging criteria for entries are based on four main standards – impact, creativity, aggregation (the application of the idea across the industry) and implementation (the ability to be adopted quickly).

For more information on the CO-OP THINK Prize and the 2012 THINK Conference, visit http://co-opthink.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP Financial Services connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union clients, 30 million cardholders, 28,000 surcharge-free ATMs, 4,400 shared branch locations and more than 2.2 billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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FOR IMMEDIATE RELEASE

Contact: Bill Prichard
Public Relations Manager
CO-OP Financial Services
800.782.9042, ext. 3450
Bill.Prichard@co-opfs.org

CO-OP FINANCIAL SERVICES AND FSCC CLOSE AGREEMENT TO COMBINE
Credit Union Shared Branching Operations Now Unified

RANCHO CUCAMONGA, Calif. (January 24, 2012) – The agreement of CO-OP Financial Services and FSCC to combine operations, announced in September, is now complete and the two organizations are one company as of the New Year.

Signing the final paperwork to conclude the agreement are, Sarah Canepa Bang, now President and COO of FSCC, and Chief Strategy Officer of CO-OP Shared Branching; and Stan Hollen, President/CEO, CO-OP Financial Services. Bang joins the CO-OP Shared Branching leadership team, which also includes Craig Beach, President and COO of Credit Union Service Corporation, a subsidiary of CO-OP Financial Services.

“It is very gratifying to note that with the conclusion of our agreement, all the major pieces of the credit union movement’s decades-old shared branching initiative have been brought together,” said Hollen. “Now under the CO-OP Shared Branching business line are FSCC and the operations of Service Centers Corporation and Credit Union Service Corporation.

More than 1,700 credit unions nationwide participate in shared branching, making more than 4,400 physical branch locations available to their members, plus 2,200 Vcom® kiosk locations at 7-Eleven® stores. For more information, visit www.co-opfs.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,400 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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Contact: Georgann Smith
Director, Marketing at The Members Group (TMG)
515.457.5234
pr@themembersgroup.com

Contact: Bill Prichard
Public Relations Manager at CO-OP Financial Services
800.782.9042, ext. 3450
Bill.Prichard@co-opfs.org

TMG AND CO-OP FINANCIAL SERVICES FORM STRATEGIC PARTNERSHIP

Agreement Enables Companies to Deliver Largest Array of Payment Solutions for Credit Unions

DES MOINES, Iowa, and RANCHO CUCAMONGA, Calif., (January 5, 2012) – The Members Group (TMG) and CO-OP Financial Services announced they have formed a strategic partnership to combine strengths and deliver the largest array of cutting-edge payment solutions for credit unions.

Under the agreement, CO-OP Financial Services has made a strategic investment in TMG. TMG and CO-OP Financial Services will continue to offer products under their own brands, operate independently and work within their existing management structures. At the same time, both companies will cross-sell all of their respective products and services.

“This is a pivotal time for credit unions as they look for trusted partners to capitalize on their opportunities,” said Shazia Manus, CEO of TMG. “With the combined forces of TMG and CO-OP Financial Services, we are able to provide credit unions with a single point of entry to the most innovative, tailored, cost-effective products and services as they prepare for next-generation banking.”

“The investment of CO-OP Financial Services in TMG allows both companies to offer the best processing platform for each client’s unique needs,” said Stan Hollen, President/CEO of CO-OP. “CO-OP gains a full service credit card system customizable to credit unions, and TMG gains additional products and delivery channels. Combined, the scale of processing is second to none.”

The alliance of TMG and CO-OP Financial Services means the two companies serve more than 40 percent of all U.S. credit unions and provide payment services to nearly 33 million cardholders.

TMG and CO-OP Financial Services have more than 50 years of combined expertise in providing global solutions for core payment products, including full service credit, debit, ATM, prepaid products and P2P payment solutions. Both companies are credit union-owned.

TMG also brings to the alliance a suite of proprietary card data solutions, including Springboard and ClearTrend; Dwolla, a P2P payment solution; and other value-added services. Through collaborative relationships with its sister companies, TMG can also offer Hispanic market expertise and regulatory compliance products and solutions. CO-OP Financial Services brings additional services, such as CO-OP Network, CO-OP Shared Branching and CO-OP Member Center for lending and member service call center support.

“This partnership has a very strong foundation to provide even greater support to the industry as both companies are credit union-owned, conduct business in a manner philosophically consistent with the credit union movement and share similar perspectives on how they service and create long-term relationships with clients,” said Patrick Jury, President/CEO of Affiliates Management Company (AMC), parent company to TMG, and of the Iowa Credit Union League.

For more information, visit www.themembersgroup.com and www.co-opfs.org.

About TMG
The Members Group (TMG) is dedicated to creating customized, technology-driven card processing and payment solutions for credit unions and community-based financial institutions across North America. Innovations in fraud management, loyalty programs, alternative payment systems and analytic reporting, and the competitive advantages they create, have helped TMG forge a new standard in offering cutting-edge credit, debit, ATM, prepaid card products and a P2P payment solution. For more information, visit www.themembersgroup.com.

About CO-OP Financial Services 
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP Financial Services connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,400 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

About Affiliates Management Company 
Affiliates Management Company (AMC) is a wholly-owned holding company of the Iowa Credit Union League (ICUL) that was formed to better integrate and align ICUL’s operating companies, including TMG, TMG Financial Services, Community Business Lenders, PolicyWorks, Coopera and PayFusion. AMC aims to create efficiencies among the portfolio of companies to provide value-added products and quality services to their members and clients. For more, visit AffiliatesMgt.com.

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Contact: Nathan Rogers Contact: Bill Prichard
Vice President, Marketing Public Relations Manager
FSCC  CO-OP Financial Services
888.372.2669, ext. 1232 800.782.9042, ext. 3450
nrogers@fscc.com Bill.Prichard@co-opfs.org

FSCC SHAREHOLDERS UNANIMOUSLY APPROVE COMBINING OPERATIONS WITH CO-OP FINANCIAL SERVICES

Transaction Announced in September is Expected to Close by Early 2012

ONTARIO, Calif. (December 9, 2011) –Financial Service Centers Cooperative, Inc. (FSCC) announced that in a vote held December 8, 2011, its shareholders have unanimously approved the combining of the company’s operations with CO-OP Financial Services. The transaction, announced in September, is expected to close in early 2012, unifying credit union shared branch services.

“We are very happy our shareholders so clearly see the benefits of combining with CO-OP Financial Services, which not only advances shareholder value but the vision of FSCC to have every branch of every credit union an outlet,” said Sarah Canepa Bang, FSCC President/CEO.

“This is a milestone day in our work to blend the strengths of both companies, creating a more tightly integrated shared branching network,” said Stan Hollen, CO-OP President/CEO. “The combination of services will result in efficiencies and economy of scale in branding, technology and administrative costs that will benefit all shared branching participants.”

Between the two companies, more than 1,700 credit unions nationwide participate in shared branching, making more than 4,300 physical branch locations available to their members, plus 2,200 Vcom® kiosk locations at 7-Eleven stores. The network allows members to conduct financial transactions as if they were visiting a branch of their own credit union.

For more information on FSCC, please visit www.fscc.com, and for CO-OP Financial Services, visit www.co-opfs.org.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., CO-OP Financial Services is the industry leader in access and convenience products for credit unions. With 30 years of credit union service, CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,300 shared branch locations and more than two billion annual transactions, CO-OP Financial Services is the nation’s largest credit union service organization, offering the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

About FSCC (Financial Service Centers Cooperative, Inc.)
FSCC is the nation’s largest and most convenient credit union Shared Branching Network providing over 6,700 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 $149.4 billion in total assets and 12.3 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.

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

Convenience Not an Issue for Many Credit Unions As Bank Transfer Day Approaches

ONTARIO, CA – November 2, 2011 — FSCC (Financial Service Centers Cooperative, Inc.), the nation's largest and most convenient shared branching network with over 6,700 locations is reassuring consumers that convenience is not an issue for those seeking to support Bank Transfer Day by transferring their accounts to credit unions.

There are over 1,600 credit unions that participate in the CU Service Centers Network, a cooperative organization that facilitates shared branching among credit unions. Shared branching allows members of one participating credit union to use the branches of another or use designated service centers or self-service kiosks.

The CU Service Centers Network gives members of participating credit unions access to over 4,500 credit union branches and over 2,200 kiosks in all 50 states and two U.S. territories. This cooperation among credit unions allows them to operate locally while offering the same level of national service offered by the top five U.S. banks. Only credit unions, with their focus on member-owners, can achieve this level of cooperation and convenience.

In recent days, consumer attention has focused on credit unions as Bank Transfer Day, November 5th, approaches and Wall Street’s Occupy Movement moves into its second month. Upset with rising banking fees and debit card charges, including the $5 debit card fee Bank of America had previously announced and since renounced, consumers are being encouraged by Bank Transfer Day organizers to switch their accounts to credit unions or community banks. Bank of America and other major banks have backed off adding fees for the present.

While many consumers may wish to move to credit unions, they fear the loss of convenience of thousands of branches and ATMs offered by banks. That fear is unfounded as evidenced by the convenience of the CU Service Centers Network. With 4,500 credit union branches and more than 2,200 financial services kiosks, with locations in every state, Puerto Rico, Guam and three foreign-based U.S. military bases, convenience is assured.

“We, at FSCC, have been preaching the advantages of credit unions for decades. And we’re confident that when consumers experience the high-level of convenience, service, and assistance our member credit unions deliver, they’ll wonder why they waited so long to switch,” said Sarah Bang, President/CEO, FSCC.

About FSCC (Financial Service Centers Cooperative, Inc.)

FSCC is the nation’s largest and most convenient credit union Shared Branching Network providing over 6,700 full service deposit-taking locations in all 50 states. FSCC’s 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 $149.4 billion in total assets and 12.3 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.

FOR IMMEDIATE RELEASE

Contact: Bill Prichard
Public Relations Manager
CO-OP Financial Services
800.782.9042, ext. 3450
Bill.Prichard@co-opfs.org

Contact: Nathan Rogers
Vice President, Marketing
Financial Service Centers Cooperative, Inc. (FSCC)
888.372.2669, ext. 1232
nrogers@fscc.com

Unified Operations Provides Shared Branching to 1,700 Credit Unions With More Than 4,300 Branch Locations and 2,200 Vcom® Kiosk Locations at 7-Eleven Stores

RANCHO CUCAMONGA, Calif. (September 20, 2011) – CO-OP Financial Services and Financial Service Centers Cooperative, Inc. (FSCC) announce that the Board of Directors of the two companies have approved a letter of intent to combine operations, unifying credit union shared branch services.

The two companies expect the combination of shared branching services to not only provide a significant expansion of outlets for credit union members, but also greater efficiencies in branding, technology and administrative costs that can be redirected to more competitive pricing and enhanced patron dividends for network participants.

Between the two companies, more than 1,700 credit unions nationwide participate in shared branching, making more than 4,300 physical branch locations available to their members, plus 2,200 Vcom® kiosk locations at 7-Eleven stores. The network allows members to conduct financial transactions as if they were visiting a branch of their own credit union.

Under the terms of the agreement, FSCC President/CEO Sarah Canepa Bang will join CO-OP as President and COO of FSCC, and as Chief Strategy Officer of CO-OP Shared Branching. CO-OP and FSCC expect the transaction to close within 120 days.

“I am excited for the credit union movement as this combination will advance the vision of FSCC to have every branch of every credit union an outlet,” said Bang. “There’s no denying that FSCC and CO-OP have been terrific competitors – imagine what we can do together. CO-OP and Stan Hollen personally played an historic role in the creation of FSCC, and now with the combining of the two companies, it is very much a case of our business coming to a logical full circle.”

“The combination of CO-OP and FSCC will blend the strengths and value of both companies, creating a more tightly integrated and efficient shared branching network for our movement,” said Stan Hollen, President/CEO, CO-OP Financial Services. “With more than 4,300 branch locations, credit unions have at their disposal the fourth largest network in the country, behind the three largest national banks. This truly enables credit unions to compete and win against banks in terms of the access and convenience they can offer their members.”

“We are looking forward to Sarah Canepa Bang and her team joining CO-OP and to the critical role she will play in working with all shared branching leadership to develop and move a unified strategy into the future,” said Hollen.

FSCC was created in 1990 and originally operated under a management agreement with CO-OP Financial Services (then known as CO-OP Network). In 1999, as Chairman of the Board of FSCC, Hollen hired Bang as President/CEO.

CO-OP Financial Services entered the shared branching arena in June 2002 with the acquisition of Service Centers Corporation (SCC). In July 2007, CO-OP and Credit Union Service Corp. (CUSC) agreed to combine operations, now offered under the CO-OP Shared Branching brand.

For more information on FSCC, please visit www.fscc.com, and for CO-OP Financial Services, visit www.co-opfs.org.

About FSCC (Financial Service Centers Cooperative, Inc.)
FSCC is the nation’s largest and most convenient credit union Shared Branching Network providing over 6,700 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 $149.4 billion in total assets and 12.3 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.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., CO-OP Financial Services is the industry leader in access and convenience products for credit unions. With 30 years of credit union service, CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,300 shared branch locations and more than two billion annual transactions, CO-OP Financial Services is the nation’s largest credit union service organization, offering the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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

MyCUAnywhere is Now Sprig

ONTARIO, CA – July 22, 2011 — FSCC (Financial Service Centers Cooperative, Inc.), the nation's largest and most convenient shared branching network with over 6,700 in-network locations, along with CU Wireless, a credit union service organization based in Salem, OR, is excited to announce today that MyCUAnywhere will now be known as Sprig. Soon Sprig will deliver enhanced features, including a first in the industry: fund transfer capability from one institution to another (providing both institutions are shared branching members). Using secure, SMS/text banking technology members can easily and conveniently access account information including balances, transaction history, loan status as well as authorize fund transfers.

Bringing banking to the palm of one’s hand, Sprig text banking delivers a robust answer to consumer demand for convenience and instant access. FSCC participating credit unions can now offer their members the latest in mobile text-based account access—immediately. A cost effective solution, Sprig is available without set up or monthly maintenance fees, and no minimum monthly usage is required. Credit unions only pay per member transaction.

Sprig will eventually encompass all FSCC shared branching connections that offer shared services directly to members. For example, Sprig mobile apps for iPhone and Android will be available soon and will include all features of the text banking option plus enhanced features such as mobile deposit capture. When launched, the new features will also be provided on a per transaction basis with no additional monthly maintenance or set up fees. This will allow FSCC participating credit unions of all sizes to rapidly implement this fast growing member service outlet.

“FSCC and CU Wireless share the same belief and mission—helping credit unions better serve their members. With the release of Sprig, we’re excited to partner with a company that is a leader in setting industry standards. Although CU Wireless has a history of saving credit union members on their wireless phone bills, it just makes sense to continue to find innovative ways to help credit unions help their members. FSCC allows us to do that and Sprig is the latest result of our collaboration,” said Chris Giles, General Manager, CU Wireless.

“The creation and development of Sprig is a result of combined commitment and dedication. FSCC and CU Wireless are focused on helping credit unions deliver the very best in services and products to their members. Once again, our partnership has resulted in success. We will continue to seek and develop innovative solutions for our members. We’re proud to announce Sprig as a new member of the FSCC family,” said Sarah Canepa Bang, President/CEO, FSCC.

About FSCC (Financial Service Centers Cooperative, Inc.)

FSCC is the nation’s largest and most convenient credit union Shared Branching Network providing over 6,700 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 $149.4 billion in total assets and 12.3 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.

About CU Wireless

CU Wireless is a leader in low-cost wireless phone plans for credit union members. It launched Mobile Banking by CU Wireless to help credit unions of all asset sizes provide mobile banking services to all members. CU Wireless is a CUSO of Maps Credit Union, which is based in Salem, Ore.. For more information, please visit https://www.cuwireless.com.

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

Named One of Seven People Making a Difference, Sarah Canepa Bang, FSCC’s President/CEO, Receives International Honor

ONTARIO, CA – June 14, 2011 — FSCC (Financial Service Centers Cooperative, Inc.), the nation's largest and most convenient shared branching network with over 6,600 locations available to its participating credit unions, announced today Sarah Canepa Bang, FSCC’s CEO and President was named One of Seven People Making a Difference by the World Council of Credit Unions (WOCCU).

WOCCU, the global trade association and development agency for credit unions, promotes the sustainable development of credit unions and other financial cooperatives to empower people through access to high quality and affordable financial services. WOCCU advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach. Worldwide, 49,000 credit unions in 97 countries serve 184 million people. In 2009, WOCCU's technical assistance programs reached 5.9 million people in 16 countries. For more information about WOCCU's impact around the world, visit www.woccu.org.

“This is such an honor for me.  Democracy embodies the mission of WOCCU and I wholeheartedly support those ideals. In some countries people will only experience democratic principles through the credit union movement and WOCCU is making that possible. The credit union movement is making a big difference in people’s lives through cooperation and collaboration and it’s exciting to be involved,” said Sarah Canepa Bang, President/CEO FSCC.

President and CEO of FSCC since 1999, Ms. Bang has seen the number of credit unions, branches, and states involved in shared branching quadruple since then. Under her leadership, FSCC has expanded traditional shared branching to all 50 states, 2 US territories and 3 foreign countries.

Keen to employ technology as it benefits members, full-service kiosks, mobile, call centers, disaster recovery and remote deposit capture are now in FSCC’s portfolio of services. In June 2006, Ms. Bang successfully completed negotiations to bring FSCC shared branching to more than 2,200 7-Eleven® stores nationwide.

Ms. Bang’s efforts with WOCCU have led to her involvement with the Global Women’s Leadership Movement, a WOCCU program that supports the professional development and networking needs of women in credit unions worldwide. The Global Women's Leadership Network, co-founded by WOCCU and the Canadian Co-operative Association (CCA), is designed to provide women the opportunity and resources to make a measureable difference in each other's lives, as well as in their credit unions and communities. The international network engages members with professional and personal development through social media and educational forums and provides the tools for women to connect and seek confidential advice from their peers.

In 2007, Ms. Bang joined a delegation of credit union leaders from the U.S. and Canada to support the World Council of Credit Unions (WOCCU) initiative in China. Ms. Bang’s role was to describe U.S. shared branching; in less than one year, shared branching became part of the Chinese cooperative landscape.

A passionate supporter of the Credit Unions for Kids program, in June 2006, Ms. Bang was named to the board of the Credit Union Miracle Day foundation in Washington, DC which raises funds for the Children’s Miracle Network. In December 2006, she was appointed to the Credit Unions for Kids Advisory Board for the Children’s Miracle Network in Salt Lake City.

In addition to being honored by WOCCU, Ms. Bang has received awards from the National Society of Fundraising Executives Philanthropy award for CUs for Kids, the Credit Union Women’s Association’s Anna Read award, the American Society of Association Executive’s Golden Circle award, the Credit Union National Association’s Blockbuster award for community relations and awards from the Public Relations Society of America for public relations and crisis communication.

About FSCC (Financial Service Centers Cooperative, Inc.)
FSCC is the nation’s largest and most convenient credit union Shared Branching Network providing over 6,600 full service deposit-taking locations in all 50 states. FSCC’s 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 $149.4 billion in total assets and 12.3 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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Contact: Micah J. Parker
Communications Manager, FSCC
(888) 372-2669 ext.1239
mparker@ fscc.com

Seven Credit Unions Are Honored For Their Contributions To Shared Branching In 2010 At The FSCC Globe Awards

ONTARIO, CA – June 13, 2011 –  FSCC (Financial Service Centers Cooperative, Inc.), the nation's largest credit union shared branching network with over 6,500 network locations, conducted the FSCC Globe Awards at their Annual Shareholders’ Meeting held on June 10, 2011. During the presentation, FSCC recognized seven credit unions for their individual contributions to shared branching in 2010.

These awards are presented in two categories, “Exceptional Performance” and “Outstanding Service.” The first set of awards is presented for exceptional performance based on the core system of the FSCC Credit Union procession on the FSCC switch. To be considered for these awards, a credit union must be processing over 200,000 transactions annually. There were three different credit unions awarded recognition in this category during 2010, they are as follows:

EXCEPTIONAL PERFORMANCE –

Altura Credit Union - Acquirer Award
The online availability requirement to the FSCC Switch is 98.5 percent. Altura Credit Union averaged 100 percent over 2010, processing 314,274 transactions for guest members at 13 locations.

SAFE Credit Union – Issuer Award
The online approval requirement of issuer transactions processed by its members on shared branching is 90 percent. SAFE Credit Union averaged 100 percent, processing 213,512 transactions performed by its members on shared branching in 2010.

Affinity Federal Credit Union – Issuer Award
The online availability requirement to the FSCC Switch is 98.5 percent. Affinity Federal Credit Union averaged 99.9 percent, processing 416,092 transactions performed by its members on shared branching in 2010.

SAFE Credit Union – Issuer Award
The requirement for percent of denials due to downtime at the FSCC Switch is less than 5 percent denials.  SAFE Credit Union averaged less than .10 percent, processing 213,512 transactions performed by its members on shared branching in 2010.

OUTSTANDING SERVICE –

The Outstanding Service Award is presented to an FSCC credit union that contributed to the success of shared branching in 2010 in an outstanding manner. There were four winners in this category during 2010, they are as follows:

Highest Transaction Volume Outlet Acquirer on the Network for 2010
This award was presented to Patelco Credit Union with 41 branches processed over 1.6 million guest members’ transactions in 2010.

Largest Deployer on USA Military Bases Overseas in 2010
This award was presented to Service Credit Union with 16 locations including two kiosks serving guest members in 2010.

Highest Transaction Volume Issuer on the Network for 2010
This award was presented to Digital Credit Union with 848,036 transactions processed by its members on shared branching in 2010.

Single Highest Transaction Volume Outlet on the Network in 2010
This award was presented to Arrowhead Credit Union’s Chino, California branch, which processed 184,763 guest members’ transactions in 2010.

PARTNER RECOGNITION AWARDS –

FSCC also recognized the contributions made by two of its partners providing services to credit union members using shared branching and custom services to credit unions participating on shared branching.

PSCU “Total Member Care” was awarded the Partner Recognition Award for their Call Center.  The Call Center processed over 3.45 million transactions in 2010.

CU Wireless also received the Partner Recognition Award for the most innovative partner in 2010. Two examples of their innovative contributions were custom mobile text banking and MyCUAnywhere mobile text banking.

Sarah Canepa Bang, CEO/President of FSCC, who was present at the Awards ceremony, summed it up nicely in saying, “We congratulate all the winners of the 2010 Globe Awards. FSCC is more than just the sum of its parts due to credit unions and partners just like these. They make us shine, and we want to make sure that they receive the individual recognition they truly deserve.”

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 $149.4 billion in total assets and 12.3 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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Contact: Micah J. Parker
Communications Manager, FSCC
(888) 372-2669 ext.1239
mparker@ fscc.com

FSCC Shared Branching Network Pays Out Over $1 million in Patronage Dividends

ONTARIO, CA – June 10, 2011 –  FSCC (Financial Service Centers Cooperative, Inc.), the nation's largest credit union shared branching network with over 6,500 network locations, announced the return of patronage dividends to participating credit unions for shared branching transactions performed in 2010.  The total dividend for 2010 was $1,003,752. On June 8, 2011, $200,750 or twenty percent of the total dividend was paid out in cash. These dividends are paid out to shareholders for acquired transactions performed in their branches and shared branching kiosks owned by participating credit unions. The remaining eighty percent is distributed in a written notice of allocation.

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 of $1,003,752 brings that total to more than $15.5 million.  This marks the 11th consecutive year that FSCC has paid dividends to its shareholders, averaging more than a million each year for more than a decade.

“What an accomplishment to give back to our patrons for 11 consecutive years, especially during such trying economic times” said Steven M. Stapp, Chairman of FSCC’s Board of Directors and CEO of San Francisco Federal Credit Union. “This is a true testimony to the collaborative partnership we share with our participating credit unions. They demonstrate their faith in shared branching by opening their doors wide to other credit union members, and in return they are rewarded with customer loyalty, as well as patronage dividends. What an honor to be a part of this!”

FSCC President/CEO Sarah Canepa Bang said, “It has been said ‘If you want to be incrementally better: Be competitive. If you want to be exponentially better: Be cooperative.’ I don’t think anything proves the truth of this statement more than the cooperation attained in shared branching and the results seen above. We’re excited to work with all of credit union partners in being exponentially better!”

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 $149.4 billion in total assets and 12.3 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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