USA Federal Credit Union Awarded the 2006 Armed Forces Financial Network Matching Grant

FOR IMMEDIATE RELEASE

San Diego, Calif., May 15, 2006 – The Armed Forces Financial Network (AFFN) awarded USA Federal Credit Union, headquartered in San Diego, CA, the 2006 Matching Grant. AFFN’s matching contribution allowed USA Federal to provide a $2,000 sponsorship grant to support the Reception, Staging, Onward Movement and Integration (RSOI) Victory Party at Camp Carroll, South Korea organized by the local Morale, Welfare and Recreation (MWR). AFFN and USA Federal Credit Union along with the MWR organization are excited about this collaboration. The sponsorship grant will assist the MWR with their mission to contribute to the troops and their families at Camp Carroll and nearby bases in South Korea.

“AFFN is proud to partner with USA Federal Credit Union who continually provides support to the defense and military communities worldwide,” stated John Broda, AFFN Executive Vice President. Mary Cunningham, USA Federal’s President/CEO commented that, “The AFFN Matching Grant is an outstanding program and we are honored to partner with them again to support our overseas military community in 2006.” Mary further commented, “This is the second consecutive year that USA Federal has been awarded the AFFN Matching Grant and credit union staff and volunteers are proud to show our support of military personnel and their families by actively sponsoring hundreds of events, activities and celebrations.”

Charles Hoelderlin, Daegu Branch Manager, said, “We are thankful for the opportunity to support the AFFN Matching Grant Program, which provides USA Federal the opportunity to increase charitable support to the military community on a global scale”. David Weber, AFFN President/CEO commented that, “AFFN is united with our participants to serve those who so proudly and bravely serve our great nation.”

About AFFN
AFFN is an Electronic Funds Transfer Network founded in 1985, serving over 339 defense credit unions and military banks, 93 million cardholders, at over 181,000 ATMs and over 1.2 million merchant/retail locations globally. To learn more about AFFN, please visit www.AFFN.org.

About USA Federal
With more than 61,000 members and $699.4 million in assets, USA Federal Credit Union (headquartered in San Diego) operates 20 branches, including locations in San Diego, Murrieta, and Temecula (CA), Las Vegas (NV), Japan and Korea. Members of this non-profit financial cooperative include the military, civilians and select employee groups. Founded in 1953 at the Naval Training Center in San Diego, USA Federal offers a full range of financial services including business services and consumer savings, checking, mortgage and home equity loans, auto loans, debit and credit cards, share term certificates, IRAs, and a 24-hour phone center. Online services include eStatements, Online Banking and Bill Pay with Money HQ and online loan applications and approval. Additional services include the BALANCE financial fitness program, and investment and retirement planning offered by MEMBERS Financial Services. This credit union is federally insured by the National Credit Union Administration. Visit www.usafedcu.org or call (800) 220-1USA (1872) or (858) 831-8100 for more information.

About RSOI Victory Party
The RSOI Victory Party is an annual party that celebrates the completion of the RSOI annual exercise with the attendance of over 400 soldiers and their families. The party begins with a picnic and follows with contests such as basketball shooting, weightlifting, and eating. Along with push-up, sit-up, singing, and dancing competitions. A wide variety of prizes will be awarded to the winners. For more information about the 2006 RSOI Victory Party at Camp Carroll in South Korea, please contact Glenn Groome at the Morale, Welfare and Recreation organization, at 765-7230 (local), 011-82-54-970-7230 (outside Korea), or via email at groomeg@korea.army.mil.

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Note: USA Federal maintains the above information for archival purposes, which is presumed accurate upon release, however, data may become outdated over time and affect accuracy.