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New Virtual Financial Advisor Available to Schools, Students and Families Nationwide

NEW YORK, NY – July 8th, 2010 – Fynanz, Inc., the financial technology company that develops customized private student lending solutions and powers the cuStudentLoans.org private student loan marketplace, today launched a new website that includes an entire section devoted to helping students and their families research and obtain valuable insight into college financing options.

The new cuStudentLoans.org website features Ken’s Korner, hosted by a virtual financial aid advisor complete with an extensive educational blog, Twitter feed, Q&A section and links to helpful sites and articles with content updated multiple times each week.

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Credit Union TimesPublished June 18, 2010 – Credit unions that offer the EdAccess student loan from Fynanz have announced they are joining together to create a new CUSO, CU Student Lending LLC.

The CUSO will manage the EdAccess private student loan product. The loan is designed for credit unions to pool funds and share the loan risk. There are currently 46 credit unions that offer the loan.

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Fynanz LogoNew Low Rate on EdAccess Loan from Credit Union Service Organization

NEW YORK, NY – June 17, 2010 – Fynanz, Inc., the financial technology company that develops customized private student lending solutions and powers the cuStudentLoans.org private student loan marketplace, announced that CU Student Lending, LLC, their affiliated credit union service organization (CUSO), has released one of the lowest rates available nationwide for a private student loan.

The new EdAccess loan, with an interest rate starting at 2.75%, is one of the lowest rate private student loans in the nation. The new loan offers a simplified origination fee of 2.50% across all pricing tiers, replacing a variable fee structure from last year.

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Fynanz LogoNEW YORK, NY – June 9, 2010 – Fynanz, Inc., a leading financial technology company that develops customized private student lending solutions and powers the cuStudentLoans.org private student loan marketplace, today announced a key milestone with 50 credit unions partnering with their nationwide student lending network. The two most recent partners are Princeton Federal Credit Union with the EdAccess turn-key private student loan program and Dort Federal Credit Union with a custom-built private student loan program.

Fynanz has more than doubled the number of credit union partners in just 90 days. This continued national expansion momentum further supports the many benefits the private student loan program provides to both credit unions and borrowers.

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Fynanz LogoNEW YORK, NY – May 25, 2010 – Fynanz, Inc., the financial technology company that develops customized private student lending solutions and powers the cuStudentLoans.org private student loan marketplace today announced that Jim Merrill has joined its executive team as Senior Vice President of Sales, bringing more than 20 years of financial services experience to the Fynanz team including direct credit union management. In his new role at Fynanz, Merrill will manage the sales and client implementation teams that work with the company’s credit union and school partners.  He will also provide strategic input on the development of private student loan programs and work with credit unions and leagues at both the state and national level.

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Fynanz LogoNEW YORK, NY – May 10, 2010 – Credit union leagues representing 28 states and the District of Columbia have chosen to support the Fynanz, Inc. and CUNA Strategic Services strategic alliance to offer credit unions both custom and turn-key private student loan programs.

The state credit union leagues announcing their support serve the following states: Arizona; Arkansas; California/Nevada; Idaho; Indiana; Kentucky; Louisiana; Massachusetts/New Hampshire/Rhode Island; Maryland (and D.C.); Maine; Minnesota; Mississippi; Montana; New Mexico; North Dakota/South Dakota; New Jersey; Oregon; South Carolina; Tennessee; Texas; Vermont; Washington; Wisconsin; and West Virginia.  The marketing efforts of the participating state credit union leagues will complement the activities CUNA Strategic Services implements at the national level.  More state leagues are expected to voice their support of Fynanz in the coming months.

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Credit Union TimesPublished April 28, 2010– The Student Aid and Fiscal Responsibility Act, which was included in the health care reconciliation bill that was enacted last month, directly impacts higher education financing programs guaranteed by the federal government. This legislation eliminates the Federal Family Education Program and replaces it with the Direct Loan Program effective July 1, 2010. It also increases the maximum Pell Grant, starting in 2013 to 2017, at the same rate as the consumer price index.

While this legislation does eliminate private lenders from participation in federally guaranteed loan programs, it does not impact the private student lending programs that many banks, and most recently credit unions, provide in an effort to bridge the funding gap that many families face once all of their federal aid and grants are exhausted.

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NEW YORK, NY – March 23, 2010 — A student loan bill passed with the health care reform bill by the House Sunday won’t affect private student loan providers overall, says a company that offers private
student loan programs.

“The bill overall doesn’t affect private student lending, and even if it does, it helps the borrower,so it is a positive for the industry,” said Chirag Chaman, chief operating officer of Fynanz, a New York, N.Y.-based provider of custom private student loans. Fynanz has a new alliance with CUNA Strategic Services to help credit unions in the private student loan market. It has 23 credit unions on board and 16 to be implemented in the next nine months, he said.

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Credit Union Times Published February 22, 2010 In a deal to make student lending more readily available to credit unions, private student loan platform provider, Fynanz, and CUNA are negotiating a partnership deal to promote the Fynanz student lending program.

As of press time, no official deal had been signed, but CUNA said it was close to completing due diligence for Fynanz to become a CUNA Strategic Services partner.

“We’re continuing to make positive progress with our due diligence and are moving along the timeline. The partnership is not completed yet, but at this point in the process, we have not discovered any issues that would keep us from moving forward,” said Wes Millar, vice president of CUNA strategic alliances.

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Fynanz LogoNEW YORK, NY – February 22, 2010 – A new alliance between CUNA Strategic Services and Fynanz, Inc. will help credit unions get a piece of the private student loan market to help them attract new members and assist borrowers with financing their tuition and achieving their higher education goals. Private student loans provide value to students in need of education financing while helping credit unions develop lasting relationships with younger members, which helps them build members for life.

“Fynanz provides the powerful combination of helping credit unions grow their loan portfolios and increase their reach into the high school and college demographic,” said Wes Millar, senior vice president for CUNA Strategic Services. “The youth market is critical to credit unions’ growth.”

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