Oregon community credit union

EUGENE, Ore. and WILMINGTON, Del., Feb. 4 /PRNewswire/ -- Oregon Community Credit Union and Juniper Financial Corporation, a member of Barclays Group, today announced that Juniper has purchased Oregon Community Credit Union's credit card portfolio and will partner with Oregon Community Credit Union to introduce the Oregon Community Credit Union World MasterCard(R). The Oregon Community Credit Union portfolio had $42.9 million in outstanding loans as of January 21, 2005. This announcement signifies a trend among credit unions to outsource their credit card portfolios. Juniper is offering a level of program customization not previously realized by credit unions.

The new card issued by Juniper provides Oregon Community Credit Union's 87,000 members flexible rewards, no fee and the worldwide merchant acceptance of a MasterCard. Cardholders using the Oregon Community Credit Union World MasterCard earn valuable rewards on purchases everywhere MasterCard is accepted. The Oregon Community Credit Union World MasterCard features a 0% introductory rate on balance transfers for six months and a low variable APR. Cardholders can access their accounts or make a payment anytime online at http://www.juniper.com/.

"The Oregon Community Credit Union World MasterCard provides new payment flexibility and exclusive benefits to our members," said Gordon Hoerauf, President and CEO at Oregon Community Credit Union. "We continually strive to offer members the best financial services and the new MasterCard compliments our existing personal banking, investment services, home equity loans, mortgages and auto loan products. Oregon Community Credit Union is pleased to have teamed up with Juniper on this co-branded MasterCard."

"At a time when credit unions are searching for ways to grow and add new value, Oregon Community Credit Union is offering compelling incentives and the most competitive rates to retain existing members and attract new ones," said Kurt Campisano, Managing Director of Corporate Development at Juniper.

About Oregon Community Credit Union

Oregon Community Credit Union serves more than 87,000 members and currently has an asset size of $700 million. There are currently seven branch locations in the Eugene-Springfield area and one branch in Salem, with a second Salem area branch scheduled to open in the spring of 2005. Membership is available to anyone who lives or works in Benton, Clackamas, Columbia, Lane, Linn, Marion, Multnomah, Polk, Washington and Yamhill counties. Additional information about Oregon Community Credit Union and its products and services can be found at http://www.oregoncommunitycu.org/.

About Juniper

Juniper Financial Corporation, a member of Barclays Group, is a leading full-service credit card issuer headquartered in Wilmington, Delaware. Juniper provides co-branded credit cards and credit card services to leading U.S. companies, financial institutions and not-for-profit organizations such as AirTran Airways, Best Western, Caesars Entertainment, Carnival Cruise Lines, Frontier Airlines, Gulf Petroleum, Mazda, Midwest Airlines and Sinclair Oil. Barclays is an international financial services group involved in banking for over 300 years. It operates in over 60 countries, with 76,200 employees and over 2,900 branches worldwide. For more information about partnership opportunities with Juniper, please contact partners@juniper.com. Additional information about the company and its products and services can be found at http://www.juniper.com/. "Juniper" is a trademark of Juniper Financial Corporation.

CONTACT: Tisha Oehmen for Oregon Community Credit Union, +1-541-681-6017, or toehmen@OregonCommunityCU.org; or Donna Sokolsky of Sparkpr, +1-415-962-8200, ext. 222, or donna@sparkpr.com, for Juniper Financial Corporation

Web site: http://www.oregoncommunitycu.org/

Web site: http://www.juniper.com/