Private Label Mortgages From CUNAMutual

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MADISON, Wis. - (08/02/04) -- CUNA Mutual Mortgage Corp. said itoffering credit unions their own private label mortgage programthrough a new venture, called SHAREX. SHAREX, which is owned andmanaged by CUNA Mutual Mortgage, creates economies of scale forcredit unions in the delivery and servicing of mortgages. Thecompany offer one-stop private label mortgage servicing,compliance, reporting, secondary market delivery and bundling ofservices to credit unions. CUNA Mutual said Friday it is offeringparticipating credit unions the Mortgagebot Internet-based loanorigination system at a discount through SHAREX.

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