EDS Signs Alliance with CUNA Network Services for Internet Banking

Nation’s 11,000 Credit Unions Can Now Offer Online Banking to Members

October 9, 2001

FOR IMMEDIATE RELEASE
Contact:
Tom Dunn -- CUNA
(+1) (608) 231.4002
tdunn@cuna.com

Carol Barreyre -- for EDS
(+1) (972) 965.6788
cbarreyre@home.com

PLANO, Texas and MADISON, Wis. -- EDS and leading credit union e-commerce provider CUNA Network Services L.L.C. today announced they have signed an alliance agreement providing the nation’s 11,000 credit unions and their 80 million members access to EDS Internet banking services.

Under the alliance agreement, CUNA Network Services -- a collaboration between CUNA Strategic Services, Inc., a subsidiary of the Credit Union National Association (CUNA) and state credit union leagues -- will provide EDS Internet banking services to credit unions as part of an e-commerce technology suite. CUNA Network Services will sell the new offering through existing credit union trade association channels.

Through the new offering, the nation’s credit unions will be able to provide their members Internet access to their accounts and the ability to perform online account inquiries, transfers and loan payments. As a result, consumers can also eliminate manual bill paying with customized merchant lists, scheduled recurring and advance payments and online payment histories.

"Our scalable, price competitive Internet banking and online bill payment offerings will help U.S. credit unions have access to the convenient products and services that their customers want," said Neil Griffiths, client executive for EDS’ credit union business.

"Credit unions are historically early adopters of technology, which they in turn use as differentiators to combat the fierce competition from larger banking institutions," said John Hobko, president and chief executive officer for CUNA Network Services. "It is a deliberate and strategic move to reach out to an IT leader such as EDS to help us carry out the trend in the credit union industry toward a greater dependence on online services."

"As the Internet gains greater acceptance as an everyday delivery channel for consumer financial services, EDS will be there to help credit unions be viable competitors and leaders in using technology to make banking services even more efficient and convenient," Griffiths said.

About CUNA Network Services

CUNA Network Services provides efficient, advanced online business and communication products and services to the credit union movement. Its mission is to develop technology and delivery systems for future credit union e- commerce initiatives, allowing credit unions of all sizes to provide competitive e-commerce solutions to their members.

About EDS

EDS, the leading global services company, provides strategy, implementation and hosting for clients managing the business and technology complexities of the digital economy. EDS brings together the world's best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers' trust and continuously seek improvement. EDS, with its management consulting subsidiary, A.T. Kearney, serves the world's leading companies and governments in 55 countries. EDS reported revenues of $19.2 billion in 2000. The company's stock is traded on the New York Stock Exchange (NYSE: EDS) and the London Stock Exchange. To find out more about the EDS vision, visit EDS via the Internet at http://www.eds.com.

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