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Navy FCU Joins CO-OP Network

VIENNA, Va.- The $17-billion Navy FCU, the largest credit union in the world, has joined CO-OP Network, the largest credit union ATM network in the country. When Navy Federal becomes fully operational in the Network during the second quarter of 2003, Ontario, Calif.-based CO-OP Network said it "will be the official home for 28 of the top 50 credit unions in the country."

"While CO-OP Network serves credit unions of all sizes and types, an interesting trend has arisen in recent years- organizations with worldwide fields of membership, such as Navy Federal, are increasingly looking to CO-OP Network." Said CO-OP CEO Robert Rose. CO-OP has 1,165 credit union members, 16,000 surcharge-free ATMs and 12 million cardholders.

For info: www.co-opnetwork.org.

Foundation Elects Board

WASHINGTON-The National CU Foundation Board has elected new board officers and several new directors. New officers are: Chairman Chuck Purvis, senior VP with Coastal FCU in Raleigh, N.C.; Vice Chair Mary Cunningham, president of USA FCU, in San Diego; Treasurer Allan Kemp McMorris, president Oakland County CU in Waterford, Mich. and Secretary Francois Henriquez, general counsel with U.S. Central Credit Union in Lenexa, Kan. New board members include Ed Callahan, recently retired president of Patelco CU, San Franciso; Tracie Kenyon Karls, president of the Montana CU League; Sandy Lingerfelt, president of Clinchfield FCU in Erwin, Tenn.; and Bob Schumacher, president of Snohomish County PUD CU, Everett, Wash.

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