HAUPPAUGE, N.Y. — This week, GrooveCar signed four new
credit unions nationwide to its GrooveCar Direct program, a vehicle-buying
service customized for the credit union industry.

The new signees include Kinecta FCU in Manhattan Beach,
Calif., Washington, D.C.-based HEW Federal Credit Union, New Horizons Credit
Union of Mobile, Ala., and United Services Credit Union in Asheville, N.C.

 "We are committed to
enhancing and expanding our automotive buying and resource center, which has
been streamlined to fit the needs and goals of credit unions, regardless of
asset size," said Robert O'Hara, GrooveCar's vice president of strategic
alliances.

"It is exciting to have so many credit unions contact us to
learn how our program drives auto buying members back to the credit union while
generating non-interest income," O'Hara continued. "We know what credit unions
want and we tailored our program to match that demand."

Kinecta FCU is one of the nation's largest credit unions
with more than $3.3 billion in assets serving more than than 251,000 members in
the Anaheim, Lancaster, Rialto, Santa Ana and the greater Los Angeles area of southern
California.

New Horizons Credit Union with assets exceeding $203 million
serves more than 34,000 members across Mobile and Baldwin counties in Alabama.

The $162 million asset HEW Federal Credit Union caters to
18,000 members in Washington D.C., Virginia, Maryland and Pennsylvania.

Chartered in 1954, United Services Credit Union with $39
million in assets services 39,000 members in North Carolina and Virginia.

"These partnerships are important and exciting not just
because they drive growth at GrooveCar, but also because they illustrate the
importance of auto buying products to credit unions' portfolio of member
services and are a key component to increasing auto loan volume," GrooveCar chief
executive officer David Jacobson said.

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