Credit Union Tax Services to Launch ''Total Tax Solutions''

Family of Tax Preparation Services Means Credit Union Members Stay with Credit Union for Tax Preparation and Other Financial Products
HOUSTON--(www.allCUnews.com)--Sept. 20, 2006--Credit Union Tax Services (CUTS) today announced plans to launch "Total Tax Solutions," a turnkey, easy to implement family of tax preparation services designed to deliver a range of choices to members of CUTS' credit union partners.

With Total Tax Solutions, CUTS will appeal directly to the tax preparation needs of different types of credit union members, addressing an array of financial situations, Internet usage habits, and personality types.

As the leading provider of tax preparation services to America's credit unions, and with more than one thousand credit union partners, CUTS' Total Tax Solutions is positioned to meet the needs and maximize the tax refunds of nearly thirty-five million credit union members.

According to a report from Forrester Research(1), tax filers are divided into three distinct customer segments. CUTS' Total Tax Solutions will provide products that are optimized for each segment, as follows:

1. Intuit's industry leading TurboTax Online for "Soloists" who prefer to easily self-prepare and file their taxes online.

2. PrepareMyReturn for "Validators" who prefer the convenience of entering their basic tax information online and working with a personal tax professional via phone, email, and live online chat who will handle all tax preparation, filing and refund processing.

3. Community Tax Service for "Delegators" who prefer to locate and meet with a credit union-recommended tax preparer in their neighborhood.

By offering tax preparation services that meet the needs of all types of credit union members, Total Tax Solutions will also keep credit union members inside the credit union family of financial products. As a result, credit unions preserve important cross-selling opportunities of additional tax advantaged financial products, such as IRAs and equity loans.

"Credit union members trust that their credit union will provide financial services that are friendly, convenient and affordable," said Jeff Plumer, CUTS Senior Vice-President of Sales and Marketing. "The launch of Total Tax Solutions adds significant flexibility and breadth to the tax preparation products that credit unions can offer to their members, while reinforcing the message that credit unions are the best place for members to turn for all of their financial needs."

CUTS will launch Total Tax Solutions in December 2006 to support the upcoming tax season, and credit union members can access the family of products on the websites of CUTS' credit union partners.

(1)Forrester Research (Nasdaq:FORR) (www.forrester.com) is an independent technology and market research company that provides pragmatic and forward-thinking advice about technology's impact on business and consumers.

About Credit Union Tax Services

Credit Union Tax Services (CUTS) is a privately held, Houston-based firm dedicated to providing electronic tax filing products and services to America's credit unions. With 12 years of tax filing experience, CUTS has consistently maintained its place as an industry leader in income tax return preparation with an emphasis on financial literacy for the consumer. For more information about CUTS and its products visit the company's web site at www.cutaxservices.com.

Contacts
Credit Union Tax Services
Van Barker, 619-846-5187
Toll Free: 866-348-2887
vbarker@trefs.com