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News & Events
BATON ROUGE, La. – May 19, 2009
Pelican State Credit Union Joins Wolters Kluwer Financial Services’ AppOne Platform
BATON ROUGE, La. – May 19, 2009 – AppOne,
a part of Wolters Kluwer Financial
Services, announced today that Louisiana-based Pelican State Credit Union
has joined its credit union platform.
AppOne helps Pelican State Credit Union connect with auto, marine and RV dealerships
in Louisiana to provide financing options for their customers. AppOne offers technology
and risk mitigation services, as well as compliant loan documentation, that allows
credit unions to expedite the loan process and help ensure that the dealerships
they do business with are meeting industry regulations.
“As Pelican State Credit Union continues to grow, we remain committed to providing
innovative products and services that meet the changing needs of our member base,”
said Jeff Conrad, CEO at Pelican State Credit Union. “AppOne provides a solution
that automates the indirect lending process, helping us serve existing and potential
members, while easing the challenges related to regulatory compliance.”
“Many consumers are in need of financing when making a vehicle, boat or RV purchase,
but with some lenders tightening credit, they don’t know where to turn,” said Lee
Domingue, CEO of AppOne. “Building our network of credit unions allows dealerships
to gain access to more financing options for their customers, which can ultimately
help them sell more cars, RVs and boats.”
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 Pelican State Credit Union.
Pelican State Credit Union was established in 1956 and was formerly known as the
Department of Hospitals Credit Union. Headquartered in Baton Rouge, La., Pelican
State CU is the fastest growing credit union in the state. As a non-for-profit cooperative,
the credit union serves more than 28,000 member-owners. With an asset size of $165
million, Pelican is dedicated to the ‘Little Guy’ and the financial education of
the communities it serves.
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