Visa To Provide Full Suite of Consumer Products and Services to Country's Second Largest Credit Union as Part of New Ten Year Agreement

SAN FRANCISCO, Aug 28, 2008 (BUSINESS WIRE) -- State Employees' Credit Union (SECU), a
non-profit financial cooperative based in North Carolina, and Visa Inc.
(NYSE: V) today announced that they have renewed a comprehensive brand
partnership through 2018. As part of the agreement, SECU, one of the
largest credit unions in the United States, will continue to offer its
members the full range of Visa consumer products --
Visa debit, credit and prepaid -- as well as
processing through Visa Debit Processing Service.

"As a member-owned credit union, our focus is
on providing financial services and payment options for our members that
offer a safe, convenient and superior payment alternative,"
said Leanne Phelps, SVP Card & Record Services, SECU. "Through
our partnership with Visa, we have been able to offer our members
flexible payment tools that bring convenience and peace of mind as well
as more efficient processing services and greater value back into the
credit union."

"Visa is delighted to renew our long-standing
partnership with SECU, providing its members with the full suite of Visa
consumer products and services, including debit and debit processing
services," said Hans Morris, President, Visa
Inc. "As consumers increasingly turn to
electronic payments, and in particular debit products, for
non-discretionary spend, we look forward to continuing our relationship
with SECU and delivering the tools and services to help its members
manage their funds more conveniently and securely."

About Visa Inc.

Visa Inc. operates the world's largest retail electronic payments
network providing processing services and payment product platforms.
This includes consumer credit, debit, prepaid and commercial payments,
which are offered under the Visa, Visa Electron, Interlink and PLUS
brands. Visa enjoys unsurpassed acceptance around the world, and
Visa/PLUS is one of the world's largest global ATM networks, offering
cash access in local currency in more than 170 countries. For more
information, visit www.corporate.visa.com.

About SECU

SECU is a non-profit financial cooperative owned by its members. SECU
has been providing the employees of the State of North Carolina and
their families with consumer financial services for over 70 years.
Currently serving more than 1.4 million members, SECU provides services
through 218 branch offices, 980 ATMs, two call centers and a website--www.ncsecu.org.

SOURCE: Visa Inc.

Visa Inc. 
Jennifer Doidge, 415-932-2564 
globalmedia@visa.com 
or 
State Employees' Credit Union 
Leanne Phelps, 919-839-5134 
leanne.phelps@ncscecu.org

Copyright Business Wire 2008