Contact:

Sandra Citrigno

(408) 365-6383

scitrigno@meriwest.com

SAN JOSE, Calif., June 5, 2006 ? Meriwest Credit Union, one of Silicon Valley?s
largest financial institutions, announced it will be opening a new Financial Center
on Hillsdale Blvd. in San Jose in the early 4th quarter of 2006.

Meriwest?s Hillsdale Boulevard location in San Jose, the 14th location, and t
he 3rd San Jose location, will combine the latest technology with innovative financial
services including:

• CyberCafés: Internet terminals enabling customers to access their accounts online,
  pay bills, transfer money, and inquire about auto loans


• Financial News Broadcasts: Up-to-date market information


• Children's Workstations: Designed to keep young Meriwest members busy with fun
  and educational financial software


• ATMs: Available 24 hours a day, everyday

"We are extremely pleased to be opening this financial center in San Jose. This is an
area filled with people who value the personalized services and conveniences our branches
offer. The new Hillsdale financial center will not only support our current members who
live in the area by offering them an additional branch location, but also provide new
members the financial services and accessibility of a credit union within their neighborhood,"
said Chris Owen, Chief Executive Officer of Meriwest Credit Union.

About Meriwest Credit Union

As an established and proactive full-service financial institution, Meriwest is dedicated to
making life easier for businesses and families in the San Francisco Bay Area and Tucson,
Arizona through personal, convenient and innovative financial services.