Auto Financial Group Announces New Loan Participation Program for State-Chartered Credit Unions
Program offers investment opportunities with guaranteed rate of return, no fees and no minimums.

Houston, Texas April 2004 - Auto Financial Group, an online provider of residual-based financing products for credit unions, announced today that it is offering an auto loan participation program to State-chartered credit unions. The new program offers State-chartered credit unions the best combination of benefits available in the market today, including a guaranteed rate of return, full-recourse loans, no broker fees, no obligations to continue to buy, and no minimums.

The Auto Financial Group ("AFG") loan participation program is unique in that AFG has existing contracts with auto dealers that will be responsible for originating and servicing the loans. Credit unions investing in AFG’s loan participation program are afforded a quick and inexpensive method to increase asset yield without adding overhead for loan processing or servicing.

The new program currently guarantees credit unions a 7% return on their investment, with loan repurchase for any loan sixty-one days delinquent. Yield is not diluted with fees, as there are no fees assessed to the credit unions.

"We believe this program is a perfect fit for credit unions looking for a more secure investment opportunity," explains AFG’s President, Richard Epley. "Our partner dealers have histories of maintaining successful businesses along with the highest standards in sales and servicing in their markets."

AFG’s loan participation program is available immediately to Texas-chartered credit unions.

About Auto Financial Group, Inc.
Auto Financial Group, Inc. is a Houston-based company that provides Driving Sense™, an online residual based auto financing product for credit unions and other financial institutions. With Driving Sense™, credit unions can "build" a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40 percent lower), flexible two- to six- year terms, actual ownership of the vehicle and several end-of-term options.

Auto Financial Group removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle’s disposition. Auto Financial Group is paid one low administration fee for each Driving Sense™ loan, while the credit union earns all the interest. For more information, visit www.autofinancialgroup.com.