CUMAnet Announces Credit Union of New Jersey as New Owner

Continues as only CUSO That is Wholly Owned and Managed by CUs

Basking Ridge, N.J., March 5, 2007 - The Credit Union Mortgage Alliance Network, or CUMAnet, (www.cumanet.com) announced their newest credit union owner, The Credit Union of New Jersey [CUNJ] (www.cunj.org).

CUMAnet is a full service mortgage provider that is the only national credit union service organization [CUSO] that is solely owned and operated by credit unions. CUNJ joins existing owners Affinity Federal Credit Union (www.affinityfcu.org; Basking Ridge, NJ) and Greater Alliance Federal Credit Union (www.greateralliance.org; Paramus, NJ).

Prior to signing on as an owner, CUNJ was a member of CUMAnet's Alliance of Credit Unions. In essence, CUMAnet serves as the credit union's mortgage department by offering its member credit unions the flexibility to customize their own home loan offerings as well as the opportunity to offer a wide array of products and services that enhance and grow their relationships with their members.

"We are thrilled to take this next step with CUNJ with whom we have had a long standing and mutually beneficial relationship by adding them to the CUMAnet family as an owner," said Daniel von Schaumburg, president of CUMAnet. "Moreover, we welcome the insight and participation of Andy Jaeger, president and CEO of CUNJ, as a member of our board of directors."

Mr. Jaeger responded saying, "Partnering with CUMAnet allows us to help our members improve their lives by providing them with financing options for their most important purchase, their home. CUNJ has had a very successful relationship with CUMAnet and we're pleased to take an ownership position in this dynamic and growing CUSO."

CUMAnet is unique in that it is owned and operated by credit union insiders who have a deep understanding of both the industry and member needs. This allows CUMAnet to offer innovative products and services that give member credit unions a tremendous marketing advantage, despite their size and/or location.

About Credit Union of New Jersey
Credit Union of New Jersey was incorporated in 1943 as a credit union for state highway department employees, offering only share accounts and personal loans. Today it celebrates over 60 years of service to members with assets in excess of $211 million. Serving primarily New Jersey state employees, CUNJ also partners with over 150 employers to offer membership benefits. Over 30,000 members look to CUNJ for financial services.

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 exclusively 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.