OCTOBER, 2007 - (East Hartford, CT and Miramar, FL) American Eagle Federal Credit Union (American Eagle) has joined with CU Business Capital, LLC (CUBC) in providing a full range of business services to its members. With the announcement, American Eagle becomes an equity investor of CUBC, a business services CUSO (Credit Union Service Organization).

American Eagle and CUBC have designed programs that will allow American Eagle to offer complete business services programs that include:

·                     Business Loans/Leases & Participations & SBA

·                     Business Deposit Products

·                     Business Checking

·                     Business Certificate and Money Market Accounts

·                     Business on-Line E-Banking

·                     Business Credit and Debit Cards

·                     Remote Deposit Capture

·                     Merchant Services

·                     Consulting and on-going training

·                     Commercial Insurance Products

 “CUBC is exactly the type of CUSO we were looking for,” said American Eagle President and CEO William Dokas. “We needed a complete business services program that would complement our existing services and fulfill the needs of our members. We chose CUBC because of their complete product line that included business deposits, eServices, card services and business lending programs. Plus, CUBC’s values aligned well with ours,” said Dokas.

 “Adding American Eagle as a partner helps CUBC fulfill its mission of accelerating membership and asset growth for our credit unions,” said Bert Bryan, President of CU Business Capital, LLC. “Including a complete suite of business services with their existing product line will place American Eagle in a unique position to increase market share and membership. American Eagle’s mission is clear and CUBC is honored to play a supporting role,” said Bryan.

American Eagle will become a Tier II equity partner of CUBC, entitling the Credit Union to pricing discounts on CUBC services. This partnership represents another significant step for CUBC’s strategy of enabling credit unions to focus not only on business lending, but also on business deposits and related services. Businesses, associations and other organizations in the area will benefit from this full-service, credit union approach for business banking services.

 About CU Business Capital, LLC

CUBC is a national CUSO focused on helping credit unions offer a full suite of business services, business deposits, cash management, and business lending. These services are supported with “best-in-class” technology, operational procedures, training, and policies. Its staff is comprised of experienced business lending and cash management professionals, who work with leading industry vendors as strategic partners. CUBC’s approach incorporates existing core systems in making decisions to offer business services. For more information, visit www.cubusinesscapital.com

About American Eagle Federal Credit Union

American Eagle Federal Credit Union was founded in 1935 as East Hartford Aircraft Federal Credit Union. In 1996, the Credit Union changed its name to American Eagle Federal Credit Union to reflect the broadened field of membership and expanded branch operations in CT.

Today, American Eagle is the largest federal credit union in Connecticut with over 95,000 members and $979 million dollars in assets. The Credit Union operates 19 branches in Central Connecticut and is open to anyone who lives, works, worships, attends school in and businesses and other legal entities located in Hartford, Middlesex, or Tolland County in Connecticut. Deposits are federally insured by the National Credit Union Administration (NCUA). For more information, visit www.americaneagle.org.   

Credit Union Contact:

Murray Halperin, CU Business Capital – 954.704.5411                                             Email: murray.halperin@cubusinesscapital.com

Media Contact:

Gabi Villegas, CU Business Capital – 954.704.5436                                                Email: g.villegas@cubusinesscapital.com

Peter Melly, American Eagle Federal Credit Union,                                               Business Services Manager – 800.842.0145                                                            Email: peter.m@aefcu.com