San antonio credit union san antonio texas

Business Editors

BATON ROUGE, La.--(BUSINESS WIRE)--Nov. 29, 2001

Credit union to implement automated loan decisioning

with LoanCenter(TM) software

APPRO Systems, Inc., the leading provider of automated credit risk management and financial technologies for the lending industry, today announced that San Antonio Federal Credit Union (SACU) will implement its LoanCenter(TM) automated loan processing system through an application service provider (ASP) model.

SACU will be the first credit union to implement new APPRO software tools that integrate LoanCenter with the EDS Flagship Premier product, a loan servicing system used by many credit unions throughout the United States. The 250,000-member, $1.4 billion credit union will utilize APPRO's LoanCenter for all loans, from home equity to indirect car loans.

SACU chose LoanCenter because of its automated credit decisioning capabilities and its Internet connectivity. The credit union now has the ability to build dynamic decisioning matrixes that enable the credit union to "fine tune" each product and offering. APPRO's automated decisioning engines allow for cross-selling and up-selling opportunities at the point-of-member contact. As a result, members will now be able to apply for a loan and receive instant approval.

"We feel that because of LoanCenter's robustness, we can make better automated decisions with this system versus any other system we considered," said Chuck Smith, first vice president of lending at SACU. "The point of sale features that we are putting in our branch delivery channels are going to revolutionize the way we loan to our members."

The credit union also plans on utilizing the system to enhance its loan originations through indirect channels, such as car dealerships and other retailers, to increase market penetration and loan volume without a significant increase in overhead. Through these indirect channels, members will be able to secure immediate loans for large ticket item purchases at the point-of-sale.

"At APPRO, we pride ourselves on continually working to improve our products and services and that is why we have been an industry leader for more than 20 years," said Steve Uffman, CEO of APPRO Systems, Inc. "San Antonio Federal Credit Union has discovered that through LoanCenter, credit unions can vastly improve their loan volume while, at the same time, enhancing the service they provide to members."

According to company officials, APPRO plans to make available the EDS interface to all existing and future customers.

About San Antonio Federal Credit Union

SACU is a $1.4 billion credit union, with 16 branches in San Antonio and two branches in Houston. The credit union provides convenience to members through a network of more than 100 ATM locations in the greater San Antonio area. The credit union also provides benefits to members through higher yields on savings, lower loan rates, and reasonably priced financial services.

About APPRO Systems, Inc.

APPRO Systems, Inc. is the lending industry's leading provider of comprehensive, automated credit risk management and financial technologies for the Internet and traditional lending environments. APPRO supports more than 250 financial institutions, with customers of all types in the United States, Canada and Puerto Rico. The company provides rapid implementation time and follow-on consulting for its signature product, LoanCenter(TM), a scalable software system that enables high decision quality and speed and automates the entire workflow of processing credit applications and originating loans for lenders of all sizes. The 22-year-old company is based in Baton Rouge, La. with additional offices in Dallas, Texas. For additional information about APPRO, write to: APPRO Systems, Inc., 7173 Florida Blvd., Suite 100, Baton Rouge, LA 70806, or visit the company's Web site at www.approsystems.com.