BURNABY, BC, April 1 /CNW/ - Travelers Acceptance is pleased to announce the sale of two-thirds of their shares to a partnership of their Senior Management Group and Community Credit Union Ltd.

"Our Mission at Travelers is to provide a service experience that will drive our vendors to choose Travelers as their financing partner of choice, while maintaining a quality portfolio that meets our financial targets", said Sigerist the President and Chief Executive Officer for Travelers Acceptance Corporation. "Yesterday's commitments and investments are recognition and acknowledgement of the great results that have been achieved by our team and the faith the new investors have in our collective ability to achieve even greater results in the years to come. We have positioned the company with an entrepreneurial leadership team and a solid financial partner to create a strong base to advance our vision".

About Travelers Acceptance Corporation

Travelers Acceptance Corporation has since 1974 been engaged by small and medium size businesses to provide financial choice and the generation of value through the application of experience, service and innovation to arrange, structure and fund unique indirect consumer financing solutions that close more sales, increase the businesses customer base and overall profitability. Travelers Acceptance Corporation consults with its business clients to create term financing solutions and services specifically tailored to providers and consumers of products and services in tuition, automotive aftermarket, automotive repair, vacation ownership, healthcare, membership, consumer durables, power products and home improvement sectors. Visit www.travelersacceptance.com

About Community Credit Union Ltd.

Community Credit Union Ltd., operating as Community Savings, has 30 locations in 24 Alberta communities. They provide a complete line of banking services, including registered accounts, financing, investments, insurance and commercial banking. They have assets of $2.7 billion and their head office is in Red Deer. As of November 1, 2008, Community Savings will be merging with Servus Credit Union of Edmonton and Common Wealth Credit Union of Lloydminster to create Canada's third largest credit union. Visit www.communitysavings.ca.