FOR IMMEDIATE RELEASE

Community Federal To Operate 17 Student Credit Unions During 2003-2004 School Year

Plymouth, MI (Sept. 29, 2003) Expanding its commitment to education and financial literacy, Community Federal is partnering with 17 Michigan schools to operate student credit unions during the 2003-2004 school year.

Each program is designed to teach young members the value of saving and setting financial goals. Students also learn career-building skills by interviewing and filling positions in the student-run credit unions under the guidance of school volunteers and Community Federal's education partnership coordinators.

Entering its 15^th year, Community Federal's student credit union program has received national and statewide recognition.

"In the last couple of years, our program has expanded from the lower grades to middle and high schools. Our board of directors recognized that student financial needs are increasing, and we can help them build a solid foundation,"said Natalie McLaughlin, a Community Federal education partnership coordinator.

Participating schools include elementary, middle school and high schools in communities where Community Federal's members live and work, including Plymouth, Canton, Northville, Novi and the northern Michigan town of Hillman.

In addition to supervising the operation of student credit unions, Community Federal staff makes numerous classroom presentations throughout the year. Topics include how to develop good credit and how checking accounts work.

"If we can help students develop good financial habits now, our contribution to these communities will have a long lasting impact," added Community Federal's CEO Roger Ballard.

Headquartered in Plymouth, Mich., membership in Community Federal is open to anyone who lives, works, worships or attends school in the Michigan cities, townships or counties of Plymouth, Canton, Northville, Novi, Alpena, Otsego and Montmorency. With more than 34,000 members, Community Federal provides financial services to members at seven branch locations and through a variety of automated and online services. For more information, visit the credit union web site at www.cfcu.org or call (734) 453-1200 or (877) 937-2328, toll free.

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(Photos available upon request)

Media Contacts:

Sarah Cousineau Margaret Blohm

Community Federal Credit Union Margaux & Associates, LLC

734-453-1200, ext. 8874 313-406-3467

scousineau@cfcu.org mblohm@margauxpr.com