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Meriwest Credit Union Expands Service to Cambrian District with New Hillsdale Financial Center

03/14/07

Herbert W. Perez named manager of Meriwest's third location in San Jose

SAN JOSE, CA - March 14, 2007 - Meriwest Credit Union, one of the largest credit unions serving Silicon Valley, the San Francisco Bay Area and Tucson, Arizona, today announced the opening of the Hillsdale Financial Center in the heart of San Jose?s Cambrian district. The Credit Union also announced that Herbert W. Perez has been appointed manager of the Hillsdale Financial Center.

Located on the corner of Hillsdale and Ross Avenues, the Hillsdale Financial Center is the fifth Meriwest location serving San Jose. It was created to serve existing members in the area, as well as to welcome new members to Meriwest.

"Opening the Hillsdale Financial Center in the thriving Cambrian neighborhood is an exciting opportunity for Meriwest," said Chris Owen, president and CEO of Meriwest Credit Union. "With five strategic locations throughout San Jose, Meriwest has made it even more convenient for our members to manage their financial needs."

Like all of Meriwest's financial centers throughout Silicon Valley and Tucson, Arizona, the Hillsdale location combines state-of-the-art amenities with innovative financial services, including:

- Cyber Café - Internet terminals enabling members to access their accounts online, pay bills, transfer funds, and inquire about home and auto loans;

- Financial News Broadcasts - Up-to-date market information that members can view on flat-screen TVs;

- Children's Workstations - Designed to entertain younger Meriwest members with fun and educational financial software; and

- ATMs - Available 24 hours a day, everyday.

Perez has more than 20 years of experience in the financial industry. From 1996-2005, he served as a manager at Patelco Credit Union, where he was responsible for overseeing the performance and goals of its branches in Foster City, San Jose, Hayward, Fremont and Milpitas. Prior to that, he held management positions with Provident Credit Union (1987-1992) and United Savings Bank (1983-1986), and served as Branch Auditor for Continental Savings and Loan. Perez earned a bachelor?s degree from Cornell University.

"Members who live and work in the Cambrian district have been looking forward to the opening of Meriwest's Hillsdale Financial Center," Perez said. "Our new location enables us to enhance the quality of service we deliver to our members in this neighborhood, and also brings Meriwest's wealth of products closer to members of the community who are looking for an alternative to traditional banking."

About Meriwest Credit Union
Meriwest Credit Union, one of Silicon Valley?s largest and established financial institutions, has been providing proactive, personal, convenient and innovative financial services to businesses and families throughout the San Francisco Bay Area and Tucson, Arizona, for more than 45 years. Meriwest is ranked as a 5-Star financial institution, as rated by BauerFinancial, and has received this rating for 10 consecutive quarters. More information can be found at www.meriwest.com.

Contact:
Meriwest Credit Union
Rob Carpio
Corporate Communications
408-363-3236
rcarpio@meriwest.com
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Your savings federally insured to at least $250,000 through December 31, 2009, and backed by the full faith and credit of the United States Government by the National Credit Union Administration, a U.S. Government Agency. Certificate accounts with an original term of one year or greater are privately insured by American Share Insurance for up to an additional $100,000. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act. Copyright 2008 Meriwest. All rights reserved.