December 14, 2011

Dear Western Bridge Corporate Federal Credit Union Member:

Today, the National Credit Union Administration Board awarded Catalyst Corporate Federal Credit Union (Catalyst) the exclusive right to acquire Western Bridge Corporate Federal Credit Union (Western Bridge). In making this decision, the Board contemplated the proposal that best fit its stated goals of minimizing service disruption to members of Western Bridge and obtaining the least long term cost to the insurance fund. Catalyst has a proven track record of integrating operations in prior acquisitions and employing sound business practices to maintain continuity of operations. Catalyst has committed to provide the same array of payments services presently provided by Western Bridge.

In the very near future, you should expect to receive information from Catalyst providing more specifics as to its integration plans. Your credit union should make every effort to understand the plans and associated transition timelines. If Catalyst issues a Capital Offering solicitation to Western Bridge members, your credit union will not be required to commit capital. However, should your credit union choose not to subscribe to the capital raise, it should take prudent steps to transition services to another provider. After being given a reasonable period of time to make the change (no less than 6 months’ notice), Catalyst will be permitted to raise fees, limit services, or even terminate membership.

Again, please watch for communications in the near future to provide important details of future actions that could affect your account at Western Bridge.