U.S. Savings Bonds Now Available Over the Internet With the Alliance of Community Credit Union and Digital Insight

Business Wire, Sept 10, 1997

CAMARILLO, Calif.--(BUSINESS WIRE)--Sept. 10, 1997--

Companies Team Up With Treasury Department's Bureau of Public Debt

In another Internet first, Community Credit Union of Plano, Texas, has become the first financial institution to offer its members the ability to order U.S. Savings Bonds over the Internet through a program developed by Digital Insight Corp. in conjunction with the U.S. Treasury Department's Bureau of Public Debt.

Any Community Credit Union member can now purchase U.S. Savings Bonds by simply selecting the Savings Bond option on the company's Web site. Once the option is selected, the member will fill out an online application form. After the application is completed, the member's account will be debited and the member's data file, along with the member's funds, will be transmitted to the Federal Reserve using the private FEDLINK network.

The Federal Reserve will then print and mail the bonds directly to the member within a week.

"We want to make it easier for consumers to purchase U.S. Savings Bonds, and it seemed natural to sell them through home banking channels," said Richard L. Gregg, commissioner of the Bureau of Public Debt. "Digital Insight was excited about our plans and was able to quickly integrate the Savings Bond program into their Internet-based banking system."

"As an early pioneer of Internet home banking, Community Credit Union is an ideal initial participant for this program because their members have not only embraced home banking but utilize all the other added services offered on their Web site," explained Gregg.

"We are in the business to serve our members," said Gary Base, president of Community Credit Union. "And what better way to serve our members than by providing them with another channel to save for the future by purchasing U.S. Savings Bonds directly from Community Credit Union's home banking service."

Digital Insight will eventually offer the Savings Bond option to its other 54 "live" transactional financial institutions. To date, Digital Insight has 57 percent of all U.S. financial institutions on the Web and more than 50,000 consumers using its AXIS Home Banking System.

Founded 45 years ago, Community Credit Union, with $500 million in assets, is a full-service financial institution, owned and operated by more than 125,000 members. With headquarters in Plano, Community Credit Union has 16 branch offices located throughout North Dallas and Collin County. Another 1 million potential members live within the geographical boundaries served by Community Credit Union.

Digital Insight is a developer of real-time, Internet-based transaction services for financial institutions. The fast-rising Internet company developed AXIS, a Web-based home banking system for financial institutions.

Along with Internet home banking services for more than 80 financial institutions, Digital Insight provides Web site creation, maintenance and server hosting facilities for more than 150 financial institutions throughout the country. Digital Insight was founded in 1995. -0- NOTE: Digital Insight is a trademark of Digital Insight. AXIS is a trademark of Digital Insight. All other trade or brand names mentioned herein are the property of their respective owners.

CONTACT: Digital Insight, Camarillo

Jaki Bell, 805/384-2250, ext. 256

jkbell@diginsite.com

or

Community Credit Union

Judy Parsons, 972/758-1564

jparsons@communitycredit.org

or

Rogers & Cowan

Matthew J. Basta, 310/201-8857

mbasta@shandwick.com