CUMAnet Names Cristian Tiberi AVP, Lending

Basking Ridge, N.J., October 4, 2006 - The Credit Union Mortgage Alliance Network or CUMAnet (www.cumanet.com) has appointed Cristian Tiberi assistant vice president, lending, effective September 29, 2006.

Mr. Tiberi joins CUMAnet from Affinity Federal Credit Union's Financial Recovery Department, where he served as financial recovery manager for more than three years.

Prior to Affinity, Tiberi was vice president, real estate/retail delivery at United Trust Bank. Mr. Tiberi is an American Collectors Association certified collector and negotiator; and a graduate of NAFCU's Management Development Institute at Louisiana State University. He received his Bachelor's Degree in Business Management from Thomas Edison State College.

"We have always differentiated ourselves by focusing on a higher level of service," said Jerry D'Ambrosio, chair of CUMAnet's board of directors. "Cris' extensive experience in lending, member service and financial recovery make him an ideal addition to our team."

Among Mr. Tiberi's first initiatives will be to assist in the launch of CUMAnet's Multi-Partner Loan Participation Program. This program leverages the power of the alliance by allowing member Credit Unions (CUs) to share resources as well as risks, allowing CU assets to stay within the CU community.

About CUMAnet
CUMAnet is a 100% credit union-owned, full-service, real estate organization, providing residential mortgage and home equity loan products and related services to credit unions nationwide for 11 years. With its transparent service, CUMAnet allows credit unions the ability to offer members the real estate products and pricing needed to compete in today's financial marketplace, plus the personal, superior service expected in the credit union industry.