July 13, 2004 - Bethesda, MD: IBM Southeast EFCU Joins the Allpoint Network $630 Million Credit Union Cites Customer Demand and Ability to Compete More Effectively as Main Reasons to Join Allpoint, America’s largest surcharge-free ATM network, announced today the signing of the $630 million IBM Southeast Employees’ Federal Credit Union of Boca Raton, Florida. “We are very excited about IBMSECU joining Allpoint,” said Ben Psillas, President of Allpoint Network. Allpoint is proud to have met IBMSECU’s institutional and Member needs.” "Access to surcharge-free ATMs has long been a priority need voiced by our Membership. Allpoint delivers an excellent solution for that need,” said Lary B. McCants, President/CEO of IBM Southeast Employees’ Federal Credit Union. “Allpoint's network of thousands of surcharge-free ATMs located where our Members shop and live, goes a long way in retaining current Members and attracting new ones." “When one of the main reasons consumers join a financial institution is ATM access, it is very hard for Credit Unions to compete with banks such as Bank of America and Wachovia,” said Ben Psillas, President of Allpoint Network. “It is a very powerful marketing message when a Credit Union like IBMSECU can now say they offer more surcharge-free ATM access than Bank of America, both nationwide and in their home state of Florida. Allpoint’s unique membership structure makes it very simple for a Credit Union to join and even easier for their Members to use. Some of the unique features of Allpoint include: Member Credit Union ATMs do not participate. Does not require processor conversion. Does not require any new technology or card reissuance. Pricing model based on the number of participating cards, not transactions. About Allpoint Allpoint is America’s Largest Surcharge-Free ATM Network, with more than 25,000 ATMs in leading national and regional merchant locations across the country. Allpoint provides greater access, convenience and savings to customers of financial institutions with limited ATM presence while providing the institution with the tools to compete more effectively for customers. Key network partners include proven industry leaders such as Cardtronics and Fiserv CNS/EFT. For more information or to find the nearest Allpoint surcharge-free ATM, visit the company’s web site at www.AllpointNetwork.com.