FOR IMMEDIATE RELEASE:
Contact: Sarah Canepa Bang
President/CEO, FSCC
(888) 372-2669 ext 1205
sarahcbang@fscc.com

FSCC Shared Branching Network Elects New Officers & Honors Credit Union Pioneers at Annual Meeting

Ontario., Calif.—(July 15, 2010)—FSCC (Financial Service Centers Cooperative, Inc.) is pleased to announce the election of three directors to its Board at its Nineteenth Annual Meeting in Chicago on June 30th. Nominees elected to the Board of Directors include Ron Westad, President/CEO of Arizona Federal Credit Union who is serving his second term on the Board. New additions to the FSCC Board include Bob Schumacher from MountainCrest Credit Union in Washington, and Ken Burns of Patelco Credit Union in California.

Officers for the Board are the following:

Steven Stapp, President/CEO of San Francisco FCU elected to Chairman
John Fiore, President/CEO of Motorola Employees CU elected to Vice Chairman
Patricia Smith, President/CEO of Unitus Community CU elected to Treasurer
Roger Michaelis, President/CEO of iQ Credit Union elected to Secretary

This is Steven Stapp’s second term as Chairman. During the Annual meeting Mr. Stapp took the opportunity to thank the other FSCC Board members and remind shareholders that the FSCC Board, “… are also members of the network just like you. We have seen firsthand how shared branching technology and the FSCC Collaborative Innovation Model, CIMple bring real benefits to the Credit Union Movement. As your network, we will continue to work toward providing Connectivity, Continuity, and Convenience through the power of shared branching.”

FSCC President/CEO Sarah Canepa Bang addressed the audience and noted that long time Board Director, Wayne Bunker of Provident Credit Union is stepping down after eight years and recognized his contributions to FSCC, “Mr. Bunker has been an integral part of the board and has been instrumental in transforming FSCC into the business it is today. We will always be grateful for his time and hard work on the Board.”

Other members of the Board include Kevin Foster-Keddie President/CEO of WSECU and Norman Okimoto of Hawaiian Tel Federal Credit Union.

The meeting also recognized FSCC’s 20th year in shared branching and the network’s new brand identity and logo. The new image represents how FSCC technology can transform its users by providing Connectivity, Continuity, and Convenience. During her speech, Ms. Bang noted that the transformation occurs, “…not only for our credit union partners but their members as well.”

In recognition and tributes, Ms. Bonnie Kramer EVP/COO at FSCC was recognized for being named VIP Woman of the Year by the National Association of Professional Women (NAPW). Ms. Kramer has had a long history with the Movement and nearly twenty years with FSCC, while her work with credit unions and other areas of the community are varied and dedicated.

The June 30th meeting also presented a tribute to FSCC supporter and friend Mr. Dave Serlo, who served as President/CEO of PSCU Financial Services and passed away on June 25. FSCC honored Mr. Serlo and noted his dedication to the credit union community.

Guest speakers Brian Branch EVP/COO of the World Council of Credit Unions and Juri Valdov, Board Chairman for Ongoing Operations, had an opportunity to speak and commented on FSCC and its significance in the Credit Union Movement. Mr. Branch noted that FSCC is an important part of WOCCU and that FSCC and WOCCU share the same passion for innovation and transformation. He continued to note that as partners, WOCCU and FSCC have been able to reach out to credit unions worldwide, generally in poor or remote areas providing support and guidance through their knowledge of cutting–edge technology and application.

Following Mr. Branch’s speech, Mr. Valdov, Ongoing Operations Chairman also said a few words focusing on FSCC’s President/CEO Sarah Canepa Bang’s passion for the Credit Union Movement and FSCC’s integral role in the credit union community. Mr. Valdov pointed to the humanitarian efforts demonstrated by Ms. Bang and FSCC in fund raising efforts for Credit Unions for Kids and Children’s Miracle Network (CMN). He referred to the unwavering support and hard work that Ms. Bang and FSCC have provided for CMN through the years.

The Nineteenth Annual Shareholders’ meeting was followed by the Credit Union Retail Delivery Convention, hosted by FSCC, PSCU Financial Services, and Ongoing Operations. The highly-rated convention featured sessions and speakers on a variety of retail delivery channels and issues.

The FSCC Twentieth Shareholders’ Annual Meeting will take place June 2011 in Las Vegas.

For more information about FSCC or becoming a shareholder, please contact Veronica Desrosiers at (888) 372-2669 ext. 1211 or veronicad@fscc.com. Please visit WWW.FSCC.COM.

About FSCC (Financial Service Centers Cooperative, Inc)

FSCC is the nation’s largest and most convenient credit union Shared Branching Network providing over 6,400 full service deposit-taking locations in the U.S. and four foreign countries. FSCC's commitment to collaboration with other CUSOs and service providers brings Connectivity, Continuity, and Convenience to its credit unions and allows FSCC to offer a full suite of electronic and personal member service tools. FSCC is also the innovator behind 24/7 Shared Branching at more than 2,200 7-Eleven Vcom units. FSCC credit unions represent $144.8 billion in total assets and 12.2 million members. Since 1999, FSCC has returned over $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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