CONTACT: Chris Johnson

MBS Mortgage Company, LLC

Phone: 800-967-9043, extension 7301

Fax Number: 616-942-9713

Email address: cjohnson@mbscu.com

Website address: www.cumortgages.net





MBS Welcomes New Vice President of Operations



Grand Rapids, Michigan December 29, 2003



MBS Mortgage Company, LLC is pleased to announce the addition of a new Vice President of Operations.



Peter Stakoe has joined MBS as VP, Operations. In this newly created position, Mr. Stakoe will be responsible for the daily operations of MBS, ensuring the smooth growth and expansion of the company, and will be based at the Grand Rapids office. Mr. Stakoe comes to MBS with 20 years experience in the banking and mortgage banking industries, where he has held positions in mortgage underwriting, sales and sales management.



MBS’s President, John Teweles stated, “We are excited about the extensive experience that Peter brings with him to MBS, and look forward to sharing that with our clients and their members. Peter is a great addition to our growing company, and his expertise in the various aspects of the mortgage industry will be an enormous benefit to MBS.”



MBS Mortgage Company, LLC offers mortgage services to Credit Unions nationwide and is a division of Multi-Bank Services, Ltd. The company has specialized in meeting the needs of Credit Unions for institutional brokerage and mortgage services since 1985.



















##



####