Market USA Federal Credit Union Joins CUMAnet

Leverages Mortgage Alliance Network's Competitive Services to Offer Members New Products and Services

Basking Ridge, N.J., June 11, 2007 – The Credit Union Mortgage Alliance Network, or CUMAnet, (www.cumanet.com) announced their newest member credit union, Market USA Federal Credit Union (www.marketusafcu.com), which is headquartered in Laurel, Maryland.

Market USA Federal Credit Union, founded in 1953, has approximately 24,000 members and $81.7M in assets. Originally founded as Giant Food Federal Credit Union, its primary select employee groups are supermarket chains from Maine to Florida including a number of leading food stores.

Bob McClosky, President & CEO Market USA FCU noted, "We are delighted to join CUMAnet because it will enable us to better serve our members with more convenience, more speed, and more choices - nationwide."

"CUMAnet gives us a competitive advantage in the market place with access to a wider breadth of products and services," notes McClosky. "We're especially looking forward to expanding our existing home loan programs."

By joining CUMAnet, Market USA FCU now has access to a number of exciting new services, which include:

• Online Loan Applications: CUMAnet will provide participating CUs the ability to allow their members to apply for first mortgage and home equity loans online. This 24/7 home loan web center is free of charge to CUMAnet's active client CUs and their members. This allows CUs, who otherwise might not have the resources to develop online processes, to compete in the marketplace.
• Online Account Accessibility for client CU members: This service allows credit union members to access their accounts online, 24/7, and view loan terms, payment breakdowns, payment due dates and year-to-date totals.

From a consumer's perspective, Market USA FCU will now be able to offer many innovative new products, including a new first mortgage program the 6/2/40 ARM. This program allows up to 100 percent financing for qualified borrowers and no Private Mortgage Insurance (PMI) is required for loans with at least 10% down payments (as opposed to the standard 20% down requirement to avoid PMI). Since the 6/2 ARM adjusts every other year, it will reach its lifetime cap later than a shorter term ARM. It also gives the borrower a longer period of time between potential interest rate changes. The 6/2 ARM will never increase more than 5 percent above its start rate over the life of the loan, which is lower than the standard cap of 6 percent, and terms of 30 or 40 years are available.

"With our newly expanded menu of mortgage programs through CUMAnet we are pleased to help more of our members with their home financing needs," says McClosky.

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.