Centrix Financial Announces MoreLayoffs

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DENVER - (06/19/06) – Centrix Financial, the providerof subprime auto loans for credit unions, announced Friday its iscutting 250 more jobs, 30% of its workforce, and is reducing itsexpenses elsewhere including its sponsorship of the Denver GrandPrix auto race. The company has seen its credit union businessalmost eliminated under NCUA’s crackdown on indirect autolending. Centrix officials have been working with NCUA in recentmonths to restore credit union’s ability to enter subprimeindirect auto loans. Last week’s layoff follow trimming of150 jobs last October.

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