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News & Events
BATON ROUGE, La. – Apr. 6, 2009
Dow Louisiana Federal Credit Union Joins Wolters KIuwer Financial Services’ AppOne Platform
BATON ROUGE, La. – Apr. 6, 2009 – AppOne,
a part of Wolters Kluwer Financial
Services, announced today that Dow Louisiana Federal Credit Union (DLFCU)
is the first lender to join AppOne’s credit union platform. AppOne provides risk
mitigation, compliance and Internet-based workflow automation technology to independent
auto dealers and auto lenders throughout the United States.
Using the AppOne platform, DLFCU is able to offer auto financing to Louisiana residents
through AppOne’s dealer network. AppOne’s technology and risk mitigation solutions
help DLFCU reduce the level of risk associated with doing business with individual
dealerships. Leveraging lowered origination costs and enhanced profitability realized
from the AppOne platform, DLFCU can offer better financial products to its members
and everyone in the Greater Baton Rouge area community.
For independent auto dealers that have seen large, national lending sources dry
up in recent months, AppOne’s relationship with DLFCU offers an opportunity to access
another lending source that can help them service their customers and sell more
cars.
“Dealers’ number one concern right now is financing,” said Lee Domingue, CEO of
AppOne. “AppOne not only provides them with access to a variety of lenders, but
we also help ensure their loan documentation is compliant so they can maintain positive
relationships with those lenders over time.”
“AppOne makes it easier to connect with the independent auto dealer marketplace,
which helps us grow our member base,” said Jeff Hendrickson, president and CEO of
Dow Louisiana Federal Credit Union. “By vetting each dealer that joins its platform,
and providing an efficient and effective risk management system, AppOne helps us
offer auto loans to existing members, as well as potential members residing in the
nine-parish Greater Baton Rouge area.”
For more information, e-mail info@appone.net. About AppOne
Based in Baton Rouge, La., AppOne, a part of Wolters Kluwer Financial Services,
is an Internet-based company offering a technology solution that connects independent
auto dealers with lenders. The AppOne system relies on the company’s proprietary
scorecard system, which evaluates each independent dealer to determine the level
of risk associated with doing business with that dealer. It also automates the funding
process for dealers by printing all documents required to complete the booking of
auto loans. AppOne provides lenders with a new channel of growth and field representation
directly to independent auto dealers nationwide. It offers dealers faster financing
options for their customers, support services and additional aftermarket fee-based
products. For more information on AppOne, visit http://www.appone.net./ About Wolters Kluwer Financial
Services
Wolters
Kluwer Financial Services provides best-in-class compliance, content, and
technology solutions and services that help financial organizations manage risk
and improve efficiency and effectiveness across their enterprise. The organization’s
prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, AppOne®,
GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer
Financial Services is part of Wolters Kluwer, a leading global information services and
publishing company with annual revenues of (2008) €3.4 billion ($4.9 billion) and
approximately 20,000 employees worldwide. Please visit our Web site for more
information.
About Dow Louisiana Federal Credit Union.
Dow Louisiana Federal Credit Union (DLFCU) is a $170,000,000 financial institution
and serves more than 20,000 members. DLFCU was opened in 1972 and operates locations
in Plaquemine, Baton Rouge, Gonzales and Walker. DLFCU offers a full range of financial
services, including loans, credit cards, checking accounts, online and business
banking. For membership information, please contact DLFCU at 1-888-369-2207, or
visit www.dowlafcu.org.
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