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Teres Solutions Inks New Customer Deals with Top Credit Unions
Postal Credit Union Selects Teres Solutions for its Indirect Lending Software Provider Press Release
AUSTIN, Texas – June 6, 2003 – Teres Solutions is pleased to announce that they have been selected by Postal Credit Union to be their indirect lending software provider. Postal Credit Union plans to install Teres Solutions' Software Application for Indirect Lending (SAIL) product in August of 2003.
"By selecting Teres Solutions for our indirect lending processor, we can increase our loan production, as well as increase revenue, all without increasing staff," said Brian Sherrick, Executive Vice President of Lending and Operations at Postal Credit Union. "SAIL's ability to interface with Ultradata's ALPS system allows us the ability to streamline an indirect lending application from the dealer into the core system."
The North Saint Paul based credit union has $315 million in assets and produced $70 million in indirect loans in 2002.
"We are extremely happy to have Postal Credit Union join our growing list of business partners." said Bruce Callen, President of Teres Solutions. "Postal Credit Union brings the type of aggressive lending ideas that we can use to enhance our software to meet the needs of all indirect lending customers."
About Postal Credit Union
Postal Credit Union is ranked in the top 10 in asset size in the state of Minnesota with over $315 million in assets. Postal serves over 42,000 members with four branches in the Minneapolis/Saint Paul area. The Credit Union serves a three county area and has the potential to serve 1.1 million members.
About Teres Solutions, Inc.
Teres Solutions, Inc. was founded in 2002. TSI worked closely with credit unions in the development of an indirect lending software program that could seamlessly integrate with their ULTRADATA system and automatically carry out many of the lending steps that were being performed manually. TSI's principals have an average 17 years of experience helping credit unions and other large corporations with their software needs. They are committed to ensuring that the TSI products are the "Best in the Field" and will work tirelessly to ensure their customers' success.
For information: http://www.teressolutions.com or Contact: info@teressolutions.com
Phone: 512-218-4200
Contact:
Mr. Steve Maloney
Teres Solutions, Inc.
13915 Burnet Rd., Ste. 202
Austin, Texas 78728 (512) 218-4200
(512) 218-4213 fax
steve.maloney@teressolutions.com
info@teressolutions.com
About Postal Credit Union
Postal Credit Union is ranked in the top 10 in asset size in the state of Minnesota with over $315 million in assets. Postal serves over 42,000 members with four branches in the Minneapolis/Saint Paul area. The Credit Union serves a three county area and has the potential to serve 1.1 million members.
About Teres Solutions, Inc.
Teres Solutions, Inc. was founded in 2002. TSI worked closely with credit unions in the development of an indirect lending software program that could seamlessly integrate with their ULTRADATA system and automatically carry out many of the lending steps that were being performed manually. TSI's principals have an average 17 years of experience helping credit unions and other large corporations with their software needs. They are committed to ensuring that the TSI products are the "Best in the Field" and will work tirelessly to ensure their customers' success.
For information: http://www.teressolutions.com or Contact: info@teressolutions.com
Phone: 512-218-4200
Contact:
Mr. Steve Maloney
Teres Solutions, Inc.
13915 Burnet Rd., Ste. 202
Austin, Texas 78728 (512) 218-4200
(512) 218-4213 fax
steve.maloney@teressolutions.com
info@teressolutions.com
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