USA Federal Credit Union Awarded the 2007 Armed Forces Financial Network Matching Grant

Third successive year to receive AFFN Grant

FOR IMMEDIATE RELEASE

San Diego, Calif., April 13, 2007– For the third consecutive year, the Armed Forces Financial Network (AFFN) awarded USA Federal Credit Union an AFFN Matching Grant. USA Federal Credit Union, headquartered in San Diego, CA, has branches in Korea and Japan. AFFN’s matching contribution allows USA Federal to provide $3,000 in direct support to Misawa Air Base First Sergeants’ “Operation Warmheart.”

This is the third consecutive year that USA Federal has been awarded the AFFN Matching Grant,” said Mary Cunningham, President/CEO of USA Federal Credit Union. “Our 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.”

AFFN, USA Federal Credit Union and the Operation Warmheart organization work closely together. The grant will assist the organization with their mission to provide for the health and welfare of the assigned Airmen and their families at Misawa Air Base.

“AFFN is proud to partner with USA Federal Credit Union who continually provides support to the defense and military communities worldwide,” said John Broda, AFFN Executive Vice President.

“For more than 50 years, USA Federal has supported our US military by meeting their financial needs, Cunningham said. “We also support them both here and abroad in a more personal way through the AFFN Grant. We are very proud to have received an AFFN Matching Grant again this year. This is an outstanding morale building program and we are honored to partner with them to support our overseas military community in 2007.”

The Operation Warmheart chapter in Misawa assists all Air Force families on base. “We support them in times of need for funding and financial relief whenever possible,” said MSgt Steven Flatt at Misawa. “In addition, we give 100% of our proceeds back to the community every year, so the more we get, the more we can give back as a grant. No repayment is required.”

According to Flatt, last year Operation Warmheart gave away over $4000 in gift baskets for lower income families here at Misawa. These baskets included gift certificates for the commissary, food and or turkeys/hams. Direct financial support to families for one emergency or another totaled over $2,800.”

About AFFN
AFFN is an Electronic Funds Transfer Network founded in 1985, serving over 342 defense credit unions and military banks, 73 million cardholders, at over 193,000 ATMs and over 1.3 million merchant/retail locations globally. To learn more about AFFN, please visit www.AFFN.org.

     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, QuickConnect Online and Bill Pay, as well as online loan applications and approval. Additional services include the BALANCE financial fitness program and investment and retirement planning offered by MEMBERS Financial Services.
     With more than 59,000 members and over $700 million in assets, USA Federal Credit Union operates 22 branches, including locations in San Diego and Riverside Counties, Las Vegas, Japan and Korea. Members of the non-profit financial cooperative include the military, civilians and select employee groups.
     USA Federal Credit Union is federally insured by the National Credit Union Administration. For more information, call (800) 220-1USA or visit www.USAFedCU.org.

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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.