Affinity Federal Credit Union Names Denise Boutross McGlone as CFO.

BASKING RIDGE, N.J. -- Affinity Federal Credit Union [AFCU], New Jersey's largest not-for-profit financial cooperative, has named Denise Boutross McGlone, executive vice president and chief financial officer, effective October 1, 2007.

Ms. Boutross McGlone was formerly Assistant Treasurer at Lucent Technologies of Murray Hill, NJ. Prior to that, she was chief financial officer for Gain Capital, Warren, NJ; Principal of AON Financial Products, New York, NY; and chief financial officer and executive vice president of the Student Loan Market Association (Sallie Mae), in Washington, D.C.

According to AFCU President and CEO John Fenton, "We're delighted to welcome Denise to the team. Her appointment as CFO adds another level of dynamic leadership to our management team, which we believe will enhance our continued growth in a way that keeps us relevant to both our employees and members."

AFCU is considered one of the nation's leading and most innovative credit unions [CU]. The CU has experienced significant growth in its sector as a result of its focus on the member service experience, its culture of employee empowerment, operational excellence and product and service innovations.

Mr. Fenton noted that the organization's growth trajectory is a direct result of putting, "the right people in the right places." He believes that Ms. Boutross McGlone's leadership experience with leading Fortune 500 companies, Sallie Mae and more entrepreneurial financial service organizations give her a unique perspective that will allow AFCU to manage its ongoing growth, yet maintain its edge in terms of member satisfaction and product innovation.

"Denise has the exceptional leadership skills and business expertise we need to carry out our mission," said Mr. Fenton. "She is one of many changes we'll be making in the coming months to position ourselves for the future."

Mr. Fenton also noted that AFCU's focus on employee empowerment has made it an industry employer of choice, and thus able to attract a high caliber of talent, such as Ms. Boutross McGlone.

"This is a wonderful time to join Affinity," said Ms. Boutross McGlone. "AFCU's current management team has built a strong reputation for innovative leadership and industry best practices within the CU industry in recent years, and I'm delighted to be working with them to continue on this trajectory."

Ms. Boutross McGlone received her bachelor's degree in education from Dunbarton College in Washington, DC, and a master of business administration from American University. She holds both NASD Series 7 and Series 63 licenses.

She has been honored by American Banker as a Top 40 Bankers Under 40; awarded the Women's Bond Club Merit Award; named among Euromoney's Top 50 Women in Finance; named among Global Magazine's CFO Superstars; honored as one of Risk Magazine's 50 Most Influential Risk Managers; and listed by Treasury and Risk Management Magazine among 100 of the Most Influential People in Finance.

Ms. Boutross McGlone resides in Basking Ridge, NJ, with her husband and two children.

For more information on Affinity Federal Credit Union, please visit www.affinityfcu.org.

About Affinity Federal Credit Union:

Affinity Federal Credit Union, New Jersey's largest credit union, is a member-owned, not-for-profit, full-service financial institution with 19 branches throughout northern and central New Jersey with more than 122,000 members from more than 1,300 businesses and organizations and total assets in excess of $1.5 billion. Headquartered in Basking Ridge, Affinity Federal Credit Union has been offering superior financial services with a member-oriented focus since 1935. For more information, visit www.affinityfcu.org.