CUShopper Partners With 1000th Credit Union.

Business Editors & Technology Writers

BURBANK, Calif.--(BUSINESS WIRE)--March 21, 2000

Detroit Federal Employees Credit Union Embraces eCommerce

Solution

CUShopper, the first credit union shopping network, announced its 1000th credit union partner, Detroit Federal Employees Credit Union (DFECU), of Southfield, Mich. The addition of DFECU has extended the CUShopper eCommerce and off-line shopping solution to more than 18 million credit union members. Co-branded with the credit unions' Web site and on brochures, CUShopper enables members to purchase computers and a host of other goods at reduced rates and highly favorable credit union finance terms.

Adam Wicks Walker, co-founder and chairman of CUShopper, said, "We can hardly believe that in less than 30 months we have reached our 1000th credit union partner, and we are happy to have partnered with a forward-thinking credit union like DFECU. We look forward to being able to provide our services to its members."

Pat Patton, marketing manager for Detroit Federal Employees Credit Union said, "Members can make affordable purchases at unbeatable loan rates offered by the credit union while getting the service and support they deserve. We give our members the advantage of financing purchases with us rather than by a retailer or bank that would charge astronomical interest rates."

DFECU, a full-service credit union, has 26,000 members and assets of more than $101 million. It serves federal government employees, and pensioners, former Sinai Hospital personnel, as well as select employer groups within the state of Michigan.

"We see CUShopper as a value-added service for our members," Patton continued. "More importantly, it helps us in our continuing efforts to provide members with a community-based portal rather than just another web site. The ability to purchase items online through CUShopper will help attract them to our site and extend our services to members."

CUShopper partners with manufacturers and national distributors to provide credit union members low pricing on multiple categories of name brand products. Categories include computers and their accessories (scanners, printers, digital cameras, software, etc.), home entertainment products such as DVD players, camcorders and home theater systems, and jewelry from one of the nation's leading manufacturers. The company guarantees lowest pricing on computers from Apple, Micron, IBM, Toshiba, and many others.

Walker said, "We commend DFECU for moving into the age of eCommerce. Its members can now purchase items via the Internet in a safe and secure environment, and have the advantage of saving time and money by utilizing their credit union's online shopping network service."

The company also plans to add travel, members-only vacation packages, auto research and buying services and other products in the near future.

According to Walker, CUShopper partners know their highly competitive finance rates allow them to easily compete with retail and bank rates as they move to capture more of their share of the multi-billion dollar Internet retail financing market. "We are proud to be leading credit unions into this once bank-dominated arena," Walker added.

About Detroit Federal Employees Credit Union

DFECU is a member-owned, not-for-profit, full-service financial institution that has been helping members and their families with money management since 1928. They serve more than 26,000 members and have assets of approximately $101 million.

For more information, contact Pat Patton, marketing manager for DFECU at [phone], write to 24333 Lahser Road, Southfield, MI 48034 or visit at www.dfecu.org.

About CUShopper

CUShopper is The Credit Union Member's Shopping Network. CUShopper creates point-of-sale opportunity for credit unions across popular product categories that leverage the core value of credit unions - lower interest financing. CUShopper creates a retail environment, both on-line and off-line, that allows credit unions and members to participate in the leading delivery system for financing.

CUShopper.com displays each participating credit union's logo, rates, terms and more, providing a customized on-line shopping and commerce environment appropriate to each membership group. As features such as on-line classifieds and auctions are added to CUShopper.com, the service will fully enable credit unions with robust and industry-defining eCommerce tools.

CUShopper delivers each credit union's financing with product orders, now available with instant loan approval, allowing members to shop and take advantage of credit union financing within the same transaction. For more information, contact CUShopper, Inc. at [phone], write 630 S. San Fernando Blvd., Burbank, CA 91502, email to [e-mail], or visit www.CUShopper.com.