Daily National Rate Comparisons from Datatrac Now Available on CUNA News Now

jULY 10, 2001

FOR IMMEDIATE RELEASE
Contact:
Tom Dunn -- CUNA
(608) 231-4002
tdunn@cuna.com

MADISON, WI – National rate comparisons for over 8,000 banks and credit unions, updated daily, are now available on CUNA News Now. The new service, called the Datatrac RateDex, is part of an alliance between the Credit Union National Association (CUNA) and Datatrac, an information services company specializing in the financial services industry.

Rate averages for deposits, consumer loans and mortgages from banks and credit unions are updated on RateDex each day. Using this data, CUNA breaks out a side-by-side comparison of bank and credit union rates at national, state and market levels.

"Daily credit union content from News Now has become somewhat of a habit for our readers," explained Jim Hanson, vice president of publications for CUNA. "With over 8,000 financial institution rates updated daily, RateDex is a natural complement to our fresh news offerings."

Datatrac also provides credit union and bank rate statistics for CU Exec Online and public relations tours that CUNA conducts with the Consumer Federation of America, helping credit unions improve their image by providing relevant interest rate comparisons for both national and local media.

With over 3 million interest rates updated annually, Datatrac manages the most comprehensive financial products database in the industry. In April, CUNA entered into a long-term strategic contract with Datatrac to give credit unions access to Datatrac’s database of national, regional and local interest rates. Information can be delivered to credit unions weekly, biweekly or monthly by fax, e-mail or a customized, security-coded Internet Research Center.

For more information, visit the "Market News" section of CUNA News Now at www.cuna.org or contact Doug Tangwall at (800) 356-9655, ext. 4073. You can also learn more about Datatrac rate intelligence service for credit unions by visiting http://www.cuna.org/data/cu/csa/csa_datatrac.html.

With its network of affiliated state credit union leagues, CUNA serves more than 90 percent of America’s 10,700 credit unions, which are owned by more than 80 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit the CUNA and Affiliates website at http://www.cuna.org.

Datatrac is an information services company specializing in the financial services industry. Since 1988 the company has combined technology and research to enable thousands of financial institutions to make timely, competitive pricing decisions. With over 3 million interest rates updated annually, Datatrac manages the most comprehensive financial products database in the industry. For more information, visit http://www.datatrac.net.

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