Auto Financial Group Partners with GTE Federal Credit Union; GTE FCU to Offer AFG's Driving Sense(TM) Balloon Product

HOUSTON--July 26, 2006--Auto Financial Group (AFG), an online provider of residual-based financing products for credit unions, announced today that it has signed an agreement with GTE Federal Credit Union (GTE FCU). Under the agreement, GTE FCU will offer AFG's Driving Sense(TM) vehicle balloon financing product to their members.

Driving Sense(TM) is an easy-to-use, web-based program that allows credit unions to substantially improve their vehicle loan product offerings. By guaranteeing the predetermined residual value of a vehicle through third party insurance, AFG removes the financial risk of an auto loan to the credit union and empowers the credit union to compete with traditional loans and conventional leases.

Driving Sense(TM) offers credit unions, like GTE FCU, the ability to capture loans that dealers previously satisfied using auto manufacturer or bank supported leasing/balloon financing.

Under the agreement, GTE FCU will offer AFG's Driving Sense(TM) program at the member's point of sale - the dealership finance department. Together, GTE FCU and AFG will increase the financing options that are available to GTE FCU's dealer partners.

Credit unions benefit by receiving guaranteed predetermined residual values and third party insured, automatically generated loan documents, and no end-of-term hassles because AFG handles disposition of the vehicle.

Credit union members also benefit, with new and used vehicles qualifying for the program, no or low down payments, lower monthly payments, flexible terms and mileage plans, actual ownership of vehicle, and end-of-term options.

"Our partnership with GTE FCU is an exciting development," says Richard Epley, President of Auto Financial Group. "They are one of the oldest and most respected credit unions in the country, and we look forward to working with them to make Driving Sense(TM) available to their credit union members who are applying for vehicle financing."

"We are pleased to be offering this service to our members," says Neil Timson, Senior Vice President of Lending for GTE. "We selected AFG after careful consideration, deciding that they could offer the best product and service to our members. We look forward to an excellent partnership with them."

Under the agreement, GTE FCU will offer Driving Sense(TM) to its branches in the greater Tampa Bay, Florida area.

About Auto Financial Group, Inc.

Auto Financial Group, Inc. is a Houston-based company that provides Driving Sense(TM), an online residual based auto financing product for credit unions and other financial institutions. With Driving Sense(TM), credit unions can "build" a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40 percent lower), flexible two- to six-year terms, actual ownership of the vehicle and several end-of-term options.

Auto Financial Group removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle's disposition. Auto Financial Group is paid one low administration fee for each Driving Sense(TM) loan, while the credit union earns all the interest. For more information, visit www.autofinancialgroup.com.

About GTE Federal Credit Union

Founded in 1935, GTE Federal Credit Union is a financially strong and stable credit union with over $2.1 billion in assets. As one of the largest locally owned and operated financial institutions in the greater Tampa Bay area, GTE FCU offers a full range of financial services through its 38 branches and electronic delivery channels.