Contact:Mike Bridges – Vice President, Communications850.558.1022mike.bridges@lscu.coopwww.twitter.com/LeagueofSECUs

LSCU Welcomes Redstone FCU as an Affiliated Credit Union

Tallahassee, FL/Birmingham, AL – June 2, 2010 – The League of Southeastern Credit Unions (LSCU) is pleased to welcome Redstone Federal Credit Union as an affiliate. The Huntsville-based $2.6 billion credit union, the largest in Alabama, rejoins the league after a seven-year absence.

On May 27, Redstone FCU’s board of directors and management agreed to officially rejoin the LSCU and CUNA on June 1, 2010. Redstone’s reaffiliation means the LSCU and CUNA are gaining the expertise of one of the largest credit unions in the country.

“We’re excited to have Redstone reaffiliate,” said LSCU President/CEO Patrick La Pine. “The experience of CEO Joe Newberry and his staff is invaluable. The amount of lobbying, innovative lending, and trust the Redstone name brings to the credit union movement will only enhance all of our credit unions in Alabama and Florida.”

“Redstone Federal Credit Union is proud to be associated with the League of Southeastern Credit Unions,” said Joseph H. Newberry, president and CEO of Redstone. “Under the leadership of Patrick La Pine, the LSCU will be doing great things for the credit union movement over the coming years and Redstone is excited to be a part of this. At Redstone, we look forward to playing an active role within the league to help ensure the continued vibrancy and growth for the credit union movement.”

The reaffiliation with the LSCU also provides CUNA with additional resources. This will certainly come in handy with the amount of legislation being discussed in Washington D.C. that could affect credit unions.

“It is great to again have Redstone Federal Credit Union as a CUNA/LSCU affiliate," said Dan Mica, president and CEO of the Credit Union National Association. "Our voice in Washington will be even stronger with Redstone’s involvement. We appreciate the board and management’s decision and the confidence it expresses in all of our abilities.”

“With the recent financial problems within our banking system and subsequent ongoing debate in Washington over reform and re-organization of the nation’s financial systems, it is crucial that the credit union voice is heard in this debate,” said Newberry. “There is no greater impact than having credit unions speak with a unified voice. As a member of the LSCU, Redstone joins with more than 330 other member credit unions of Alabama and Florida to represent the interests of our membership.”

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Contact:Mike Bridges – Vice President, Communications850.558.1022mike.bridges@lscu.coopwww.twitter.com/LeagueofSECUs

The League of Southeastern Credit Unions represents 332 credit unions in Alabama and Florida with a combined total of $55 billion in assets and more than 6.3 million members. LSCU provides advocacy and regulatory information; education and training; cooperative initiatives (including financial education outreach); media relations and information; and business solutions. For more information, visit www.lscu.coop. Follow the LSCU on Twitter at www.twitter.com/LeagueofSECUs.

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