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					For Immediate Release                                       Contact:
May 31, 2006                                                Saundra Scales
                                                            704.375.5781 ext. 234
                                                            sscales@firstlegacyfcu.org

                School Workers Federal Credit Union is proud to announce…
                 School Workers Federal Credit Union Changes Name to
                           First Legacy Federal Credit Union

School Workers Federal Credit Union will officially change its name to First Legacy
Federal Credit Union on June 1, 2006. The credit union, which has served the Greater
Charlotte Metropolitan Area for 65 years, made this change in order to reflect its deep roots
in the communities it serves. The day-long celebration kicks off with an unveiling of the
credit union's new logo at 8:45 am.

School Workers is recognized by the U.S. Treasury Department as the only comprehensive,
federally regulated Community Development Financial Institution (CDFI), serving people
of modest means in underserved and African American communities in the area. Since
1941, the credit union has served employees of the Charlotte-Mecklenburg School System,
Johnson C. Smith, Nevins Center, Bethlehem Center and their families including members
of several area churches.

School Workers expanded its reach through mergers with Rowan-Iredell Area Credit Union
in Salisbury and Compact Credit Union in Kings Mountain and by opening a new branch in
Kannapolis. The expansion has meant an increase in the credit union’s field of
membership. Now, individuals that work, live and worship in Rowan, Iredell, Cabarrus,
Alexander, Catawba and Davie counties along with those within 15 miles of Kings
Mountain can become a member. This makes it possible for a greater number of individuals
and families of modest means to take advantage of its affordable financial services.
Presently, the credit union has branches in Salisbury, Statesville, Kannapolis, Kings
Mountain and its headquarters, located in Charlotte. They provide a full range of services
including loans for homeownership, higher education, small business and automobile
purchases.

“As First Legacy Federal Credit Union, we will be able to showcase our rich heritage,”
says President Saundra Scales. “Our membership is made up of people of all ages, ethnic
backgrounds and lifestyles. We feel its important that we embrace the strength that comes
in our diversity and pay respect to those that have made our service to the community
possible.



431 Beatties Ford Road, Charlotte, NC 28216                                Tel: 704.375.5781
PO Box 16285, Charlotte, N 28297                                           Fax: 704.375.8682
www.firstlegacyfcu.org
First Legacy Federal Credit Union located at 431 Beatties Ford Road, Charlotte, NC 28216




431 Beatties Ford Road, Charlotte, NC 28216                              Tel: 704.375.5781
PO Box 16285, Charlotte, N 28297                                         Fax: 704.375.8682
www.firstlegacyfcu.org