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For more information, please contact: Pat Darcey (732)329-3838 Ext. 7104

NJ Gateway Federal Credit Union Appoints Three to Board

PHOTO CAPTION: NJ Gateway Federal Credit Union’s re-appointed Directors (left to right) Paul Edelson; Shirley Spruill; and J. Melvin Warren.

Monmouth Junction, NJ June 15, 2007 – Three members of the NJ Gateway Federal Credit Union Board of Directors were appointed at the 38th annual meeting held recently at Pierre’s, Monmouth Junction. Shirley L. Spruill of Somerset and J. Melvin Warren of Burlington, were re-appointed to three-year terms. Paul Edelson of Oakhurst was appointed to a two-year term.

A board member since 1977 and a Director since 1985, Ms. Spruill is a veteran of more than 40 years in the credit union movement. She is a member of the Founder’s Club as well as Chairman of the Board of Renaissance Community Development Credit Union; Chairman of the State of New Jersey Credit Union Advisory Council; and member of the Board of Directors of the Small Credit Union Advisory Council of the New Jersey Credit Union League.

J. Melvin Warren’s relationship with NJ Gateway extends back to 1973 when he joined as a member. Ten years later he was appointed Director. Since 1983, Mr. Warren has served NJ Gateway as Chairman of the Supervisory Committee and as Chairman of the Board of Directors. He currently serves as Board Treasurer. An IBM retiree following some 30 years service in their finance and accounting division, he is an active member of his church as well as a member of the Board of Trustees for the Burlington County Community Action Program.

Paul Edelson, formerly a member of NJ Gateway’s Advisory Board, served as a director in 2006, filling the seat of deceased director, Vincent Girardy. A member of NJ Gateway FCU since 1969, Mr. Edelson retired from IBM after 25 years in sales. He has been involved in many community activities in Ocean Township including serving 20 years on the planning and zoning boards and 12 years on the Ocean Township Board of Education. Presently he is trustee of the Ocean Township Historical Museum and a member of the Friends of the Ocean Township Library.

NJ Gateway Federal Credit Union was formed in 1969 to serve employees of IBM in Dayton. In 2005, NJ Gateway was granted a community charter, allowing for the expansion of its field of membership to anyone who lives, works, attends school or worships in Middlesex County.

Rina Pantano, NJ Gateway’s President and Chief Executive Officer and also Chairman of the Board of the New Jersey Credit Union League, affirmed that credit unions historically "look out for the interests of their members and provide a level of service not always available at other financial institutions." She added that credit unions such as NJ Gateway "can and do make a positive difference, not only for their members but also for the communities they serve."

More information about NJ Gateway Federal Credit Union is available on their website at www.njgateway.org.

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