LOCKPORT, N.Y. (August 26, 2008) – Representatives for Cornerstone Community Federal Credit Union (FCU) and Local 212 of the Office and Professional Employees International Union (OPEIU) are pleased to announce that both parties have agreed to a new collective bargaining agreement, effective immediately.

Employees voted late Monday to ratify the new agreement reached by negotiators, and they will return to work on Wednesday, August 27. Terms of the new contract, which runs through November 2011, were not disclosed.

“The union workers are looking forward to returning to work to provide the quality service credit union members have come to expect,” said Deana Fox, Union Representative for OPEIU Local 212.

The main Cornerstone facility on South Transit Road in Lockport and the branch office on State Street in Middleport are open today (Tuesday, August 26) during regularly scheduled business hours, while the Stevens Street branch in Lockport will re-open at
9 a.m. on Wednesday.

“We appreciate the support and patience of our members during the strike, and we remain committed to providing first-rate service while maintaining the fiscal responsibility that we owe to our members,” said Ann M. Brittin, President and Chief Executive Officer of Cornerstone.

Established in 1957 as Unit No. 1 Federal Credit Union, Cornerstone Community FCU is a community-chartered, federally insured credit union. Cornerstone has grown to become the largest credit union based in Western New York with more than 43 thousand members and assets in excess of $240 million. For additional information, call 716.434.2290 or visit www.cornerstonecommunityfcu.org.

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