BECU'S Gary Oakland Elected To CO-OP Financial Services Board Of Directors

RANCHO CUCAMONGA, Calif. (May 1, 2008) - Gary Oakland, president/CEO of BECU in Washington state, has been elected to the CO-OP Financial Services board of directors. Oakland succeeds Tom Sargent, president/CEO of Oregon's First Tech Credit Union, whose term has expired.

"Tom has been an invaluable member of our board for 10 years," said Stan Hollen, president/CEO of CO-OP Financial Services. "CO-OP achieved unprecedented heights while he was chairman from 2003 to 2005, reaching the 1 billion annual transactions mark under his leadership. We're grateful for his dedicated service and continued support.

"Gary has extensive experience in the credit union industry, with a career that spans 33 years, and we're gratified that our board will maintain solid representation for credit unions in the Pacific Northwest."

Oakland, the president/CEO of BECU (formerly Boeing Employees Credit Union) since 1986, also sits on the administrative boards of the National Credit Union Foundation and Open Financial Solutions, and is a trustee for the Trust for Credit Unions. Additionally, he served on boards and committees of several trade-related organizations, including the Washington Credit Union League, National Association of State Credit Union Supervisors, Credit Union National Association, Filene Research Institute and others.

"I've closely watched how CO-OP has evolved over the years to become a leader in the credit union industry," said Oakland, "and I look forward to playing an integral role in the future of this organization."

About CO-OP Financial Services Established in 1981 and located in Rancho Cucamonga, Calif., CO-OP Financial Services (formerly CO-OP Network) is the nation's largest credit union service organization. Wholly-owned by its credit union shareholders, CO-OP provides volume discounts on products and services that include ATM network access, ATM processing, debit/card services and shared branching. With nearly 3,000 credit union members, more than 25,000 surcharge-free ATMs (including 6,500 deposit-taking), 120 million-plus monthly transactions and 26 million cardholders, CO-OP Financial Services is the No. 1 credit union EFT network and processor in the U.S. financial services industry. CO-OP Financial Services' membership has access to 800,000 ATMs worldwide through links to NYCE, STAR, Cirrus, Pulse and Plus.

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