South texas federal credit union

LAS VEGAS -- APPRO Systems, Inc., the leading provider of automated credit risk management and financial technologies for the lending industry, announced today at the Bank Administration Institute (BAI) Retail Delivery Conference & Expo that Charleston, S.C.-based South Carolina Federal Credit Union has purchased the latest version of LoanCenter Consumer(TM), APPRO's automated loan processing system, through an application service provider (ASP) model. South Carolina FCU purchased the system in February and anticipates going live with it in December.

Prior to purchasing LoanCenter Consumer, the credit union had a limited automated decisioning process and desired to upgrade its system to efficiently handle its growing volume of consumer loan requests. It needed to enhance its application completion and submission time capabilities for both dealer finance and direct loans. The credit union looks to LoanCenter Consumer to enhance its overall efficiency in loan processing procedures by providing a more rapid turnaround time in the processing of loan applications; routing applications to the correct party accurately and providing improved accuracy on existing member information.

"We needed a system with the ability to handle all of our consumer lending needs -- both direct and indirect," said John Bryan, senior vice president, Lending Services for South Carolina Federal Credit Union. "The combination of LoanCenter Consumer's ability to auto-decision loan applications based on a large variety of user-defined, customized credit criteria, and its ability to expand the volume of applications that could be auto-decisioned, will enable us to offer better lending options to our membership."

"Through the use of LoanCenter Consumer, South Carolina Federal Credit Union will have the ability to streamline the entire loan process by fully automating all of the tasks associated with a loan request," said Steve Uffman, CEO of APPRO Systems, Inc. "This will greatly improve their loan portfolio and enable the credit union to provide superior lending services to its members and indirect lending partners."

About South Carolina Federal Credit Union

South Carolina Federal Credit Union is one of the 100 largest credit unions in the United States with more than $1 billion in assets and more than 134,000 members. The credit union has 17 branches and more than 50 ATMs throughout Charleston, Columbia and Georgetown. The credit union has experienced phenomenal growth from its beginnings in 1936 when 14 Charleston Navy Yard employees contributed five dollars each to form the credit union. For additional information about South Carolina Federal Credit Union, visit the credit union's Web site at www.scfederal.org.

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 450 financial institutions, with customers of all types in the United States, Canada and Puerto Rico. The company provides rapid implementation time and professional services 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 26-year-old company is based in Baton Rouge, La. with additional offices in Dallas, Texas. For additional information about APPRO, visit the company's Web site at www.approsystems.com.