FOR IMMEDIATE RELEASE:
Contact: Rozana Audisho
Public Relations Manager, FSCC
(888) 372-2669 ext 1233
raudisho@fscc.com

FSCC Shared Branching Network Announces 10th Consecutive Year of Patronage Dividends

Ontario, Calif.-(February 24, 2010)- Financial Service Centers Cooperative, Inc. (FSCC), the nation's largest and most convenient credit union Shared Branching Network, today announced they will again return Patronage Dividends to participating credit unions for Shared Branching transactions performed in 2009. This makes it the 10th straight year that FSCC has paid dividends to its shareholders. 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 branch kiosks owned by participating credit unions. In late 2009, FSCC also distributed revolving funds to its shareholder credit unions.

Within the past decade, FSCC has returned over $14 million in patronage dividends, rebates, and return of capital to its participating credit unions. The 2009 dividend of $640,000 brings that total to more than $14.5 million.

"2009 has been a difficult year for many of our credit unions," said Steven M. Stapp, FSCC Chairman and CEO of San Francisco Federal Credit Union. "Because FSCC is owned directly by its credit unions, an environment that is challenging for our credit unions is also challenging for us. We are so pleased to be able to return this dividend despite the tough times we are all in right now. Our continued ability to do so, speaks to the value of FSCC's cooperative business structure."

FSCC President/CEO Sarah Canepa Bang said, "Even with the economic climate we faced in 2009, we continued to expand the network and its capabilities. Being able to pay a dividend in one of our toughest years is an accomplishment. Of course, none of this would be possible without the commitment of credit unions to stay connected and provide convenient access to members, and for that we are deeply grateful."

In 2009, the network rolled out multiple products that allowed credit unions to offer more access points beyond traditional branches. These offerings added greater connectivity for FSCC credit unions and include the CIMple line of products such as Mobile Banking, Disaster Recovery programs, Remote Deposit Capture, as well as enhancements allowing loan applications and Spanish language access to the 24/7 Call Center Outlet.

The network reported adding nearly 150 Shared Branching locations in 2009 and has plans to expand even more in 2010. Officials also say that by year end, they had signed a record number of credit unions to the FSCC Shared Branching Network.

About Financial Service Centers Cooperative, Inc. (FSCC)
FSCC is the nation's largest and most convenient credit union Shared Branch Network providing nearly 6,400 full service deposit-taking locations in the U.S. and five foreign countries. FSCC's innovative use of technology allows it to offer 24/7 access for financial services at more than 2,000 7-Eleven® Vcom® Units. FSCC credit unions represent $141 billion in assets. Since 1999, FSCC has returned over $14.5 million to its members through patronage dividends, rebates and return of capital. For more information, please visit www.fscc.com or call 888-372-2669 ext. 1235.

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