APPRO Systems Helps Credit Union Acceptance Corp. Grow with Enhanced Auto Decisioning Capabilities

BATON ROUGE, La.--Dec. 2, 20048, 2004--

Online, real-time loan approval expands CUAC's presence in Alabama, Florida, Louisiana, Mississippi, Ohio, South Carolina and Texas

APPRO Systems, Inc., the leading provider of automated credit risk management and financial technologies for the lending industry, today announced that through the use of its LoanCenter Consumer(TM), Houston-based Credit Union Acceptance Corporation (CUAC) has achieved significant growth and dramatically increased its indirect lending portfolio.

CUAC is a Credit Union Service Organization (CUSO) founded by eight Houston-based credit unions to represent credit unions in the indirect finance market, specifically benefiting participating credit unions in the form of auto loan portfolio growth and serving as a one-stop car-buying service for members. Prior to implementing an automated decisioning system, CUAC was not increasing the number of credit unions it served and was experiencing stagnant loan volume. The application and decisioning process was completely manual. Dealers were required to fax in applications, which were manually entered and decisioned, resulting in an inefficient and cumbersome process.

To achieve its anticipated growth, increase its indirect lending portfolio and enhance its application completion and submission time capabilities, CUAC implemented LoanCenter Consumer, APPRO's loan automation and credit risk decisioning system designed specifically for consumer lending. Since September 2001, CUAC has benefited from LoanCenter Consumer's ability to evaluate credit data and automate credit decisions, fully decision applications on the Web, and interface with vendors such as DealerTrack(TM). Interfacing with DealerTrack's online auto financing platform enables automobile dealers to submit consumer lease and loan applications online to LoanCenter Consumer, and dealers receive a response from CUAC on credit applications in as little as a few seconds.

"The APPRO LoanCenter system has enabled CUAC to aggressively grow our indirect program with no concern over system constraints," said Kurt Howard, vice president of operations for CUAC. "APPRO's robust features and unique customization capability have enabled us to adequately address our customers' varying needs and launch new markets quickly."

Prior to implementing LoanCenter Consumer, CUAC worked with seven credit unions in the Houston area and funded approximately 50 loans per month. Now, CUAC works with 60 credit unions in eight states and funds more than 3,500 loans per month. Approximately 88 percent of applications submitted to CUAC in 2004 were input via DealerTrack or the Web application and approximately 71 percent of applications funded in 2004 were originated by DealerTrack or via the Web application.

"Working together with our customers to constantly improve our offerings to ensure each client gets the most out of our solutions is the reason APPRO Systems has been successful," said Steve Uffman, CEO of APPRO Systems, Inc. "Working with CUAC to streamline the loan process by fully automating all the tasks associated with a loan request, as well as developing custom interfaces, adds greater value to the APPRO system CUAC has in place," he said.

About Credit Union Acceptance Corp.

Credit Union Acceptance Corporation (CUAC) is a Credit Union Service Organization (CUSO) founded in 1998 by eight Houston-based credit unions: PrimeWay(TM) FCU, Cy-Fair FCU, Energy Capital CU, Houston FCU, Houston Municipal Employees FCU, Member Source CU, Shell Employees FCU and USE CU. CUAC was formed to represent credit unions in the indirect finance market. Designed for Credit Unions by Credit Unions, it currently services 37 credit unions in the Texas, Florida and South Carolina markets.

CUAC benefits participating credit unions in the form of auto loan portfolio growth and provides a one-stop car-buying service for credit union members. For additional information about CUAC, visit the company's Web site at www.cuac.net.

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 400 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.