Alliance Credit Union Low Loan Rates Mark 50th Anniversary

    SAN JOSE, Calif.--May 7, 2003--Alliance Credit Union is offering one of the lowest rates available for both auto and home equity loans. Its credit union members can get as low as 2.95% APR(1) on new, used or a vehicle that was financed elsewhere and as low as Prime-.25% APR(2) for a home equity loan. The low rates are part of Alliance's efforts to help its members weather through the difficult economy and reconfirm its dedication of providing low-cost financial services for 50 years now.
    "Here at Alliance Credit Union, we keep a close eye on things, constantly monitoring factors that may affect our members' financial lives. We are here for our members in good times and in bad, providing solid financial advice, personal service and the highest quality products and services to help meet your needs and achieve your goals," said Eileen Lewis, CEO. Last month, Alliance hosted more than 80 people at its annual meeting at the Curtner Branch in San Jose as part of its ongoing celebration of 50 years of service. One of the original founding members, Norm Pudlack, attended the meeting as he has for the past 50 years. Barbara Alumbaugh, Chairperson of the Board, presented Mr. Pudlack with a gift of appreciation.
    Founded in 1952, Alliance Credit Union now has assets passing $356 million and serves over 48,500 members from five offices in California's Silicon Valley and three offices in Wilmington, North Carolina. Alliance is also active in the community, contributing funds and volunteering for a number of projects and organizations.

    (1) 2.95% APR requires excellent credit history. APRs on open-end vehicle loans at Alliance are from 2.95% to 13% for 80% financing with terms up to 24 months. Terms up to 84 months available with multiple rate plans. 100% financing available. All loans subject to credit approval. Rates and terms subject to change without notice.
    (2) 4.00% Annual Percentage Rate (APR) is based on 80% loan-to-appraised value. Rates assigned by credit worthiness and loan-to-value of the property. 100% financing available. All loans subject to credit approval. Rates and terms subject to change without notice. Alliance is a Equal Housing Lender.