ONTARIO, Calif. — CU Direct Corp., provider of lending
solutions to credit unions through its CUDL, Lending Insights, Lending 360,
CUDL Retail and Vero brands, added a new associate director and director to its
board of directors.

Appointed as a director on the board was Nader Moghaddam,
president and chief executive officer of Financial Partners Credit Union who
has served as an associate director since last October. The company indicated Moghaddam
will fill the seat vacated by Larry Wilson, the retired president and CEO of
Coastal Federal Credit Union.

Officials also confirmed that Chuck Purvis, new president and
CEO of Coastal Federal Credit Union, has been appointed as an associate
director on the board.

During the company's shareholder's meeting this past May,
the board, along with chairman Joe Brancucci, GTE Federal's president and CEO,
recognized Wilson for his eight years of service and contributions while
serving on CU Direct's board of directors.

Long-standing board members Henry Wirz, president and CEO of
SAFE Credit Union, and Marge McNaught, senior vice president, lending, Premier
America Credit Union, stepped down from the CUSO's board of directors in
January of 2012 and December of 2011 respectively.

Wirz and McNaught were also recognized during the
shareholders meeting in May for their long and distinguished service to CU
Direct. Wirz served on CU Direct's Board for 12 years, including two years as
the board's chairman, from 2005-2007. McNaught served on CU Direct's board from
2003-2011, including two years as chairman, from 2009-2011.

Also serving on CU Direct's board of directors are:

—Board vice chairman, John Lund, CEO of America First Credit
Union
—Secretary and treasurer, Jeff March, CEO, Citadel Federal Credit Union
—David Reynolds, president & CEO, Security Service Federal Credit Union
—Barry Jolette, president & CEO, San Mateo Credit Union
—Diana Dykstra, president, California Credit Union League
—Donna Bland, president & CEO, The Golden 1 Credit Union
—Sterling Nielsen, president & CEO, Mountain America Credit Union