Publix Employees FCU Cuts Apron StringsTo Corporate Sponsor

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LAKELAND, Fla. - (08/17/05) – Publix Super Markets Inc. saidthe 210 people who work at its main credit union, Publix EmployeesFCU, will no longer be Publix employees at year-end. That means allbenefits and compensation will come directly from the credit unionand not the corporate sponsor. The credit union has always been anindependent operation but has always been staffed by people whowork for the corporate sponsor, an arrangement similar to manycredit unions. As a result, employees at the credit union’sseven locations in the Southeast will now be credit unionemployees.

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