Watermark Credit Union Rolls Out New Mortgage Program
Seattle, Washington...................................June 15, 2005

Watermark Credit Union has rolled out a new mortgage program that offers new homebuyers competitive rates and a wide choice of terms and payment options.

With the new mortgage program members, and those eligible for membership*, can inquire about loan rates, options and submit a loan application online, by phone or at any Watermark Credit Union branch. Online at www.watermarkcu.org there is access to customized rate quotes, loan applications, financial calculator, and other helpful mortgage resources, including a glossary of terms to provide assistance throughout the mortgage process.

Watermark Credit Union is able to be competitive in the mortgage market by keeping closing costs low, not charging a loan origination fee, and by having very competitive rates. This is possible because the credit union's real estate specialists are not paid commission, their only goal is to provide assistance in choosing the right mortgage.

Watermark Credit Union has over 70,000 members and assets of approximately $450,000,000. It has offices in downtown Seattle, Southcenter, Lynnwood, Redmond, and Bellevue.

*Any Washington State resident is eligible to join Watermark Credit Union.