AFG Expands Offices to Serve Growing Client Base

Austin, Texas July 3, 2001 - Auto Financial Group, an online provider of residual-based financing products for credit unions, has opened a Houston office to serve its growing client base. The move will allow Auto Financial Group to be closer to their existing clientele in Houston, as well as continue serving customers through their Austin office.

Among their growing clientele, Enron, Cameron and Shell Employees Federal Credit Unions will provide their members with Auto Financial Group's innovative on-line solution to automobile financing, including their branded balloon program. The program is a residual-based finance product allowing credit union members to customize a vehicle, compare payments with a loan calculator and access electronic loan documents.

Established in 1999, Auto Financial Group is one of the nation's leading sources of residual-based financing products for credit unions. Auto Financial Group removes the financial risk to credit unions guaranteeing the predetermined residual value of the vehicle. Members benefit from lower payments (often as much as 40 percent lower), flexible two- to five-year terms, actual ownership and several end-of-term options. Auto Financial Group is paid one low administration fee for each lease and balloon contract while the credit union earns all the interest on financing.

Enron Federal Credit Union (EFCU) is a full-service financial institution providing financial services to Enron employees, retirees and family members.

Cameron Credit Union, established in 1948 by Cameron Iron Works, is a non-profit institution owned by and in business to serve its members. The Credit Union provides Cameron employees with loan options, checking accounts and investment opportunities.

SEFCU was chartered in February 1935, and is a not for profit, self-help