CompuCredit Program Puts Philanthropy in Shareholders’ Hands

CompuCredit Corporation (Nasdaq: CCRT) announced today that it has contributed $15 million to benefit 26 organizations through its innovative, shareholder-directed philanthropic effort, the 2006 CompuCredit Corporation Charitable Designation Program.

"So often, shareholders are disconnected from corporate philanthropy efforts. But at CompuCredit, our philanthropic program is central to who we are, and how we view our company," said CompuCredit Chairman and CEO David G. Hanna. "We designed a unique process to foster shareholders’ interest in our philanthropic work and deepen their commitment to our charitable beneficiaries. From all of us here at CompuCredit, thank you to our shareholders for their active participation in this important program."

Under the Charitable Designation Program, CompuCredit shareholders designate up to three pre-selected charitable organizations to receive a prorated share of CompuCredit’s $15 million 2006 year-end charitable contribution, based on shareholders’ holdings of CompuCredit stock.