![[ Home ]](/_images/trans.gif)
Dupaco Community Credit Union Selects Teres Solutions for its Indirect Lending Software Provider
AUSTIN, Texas – October 27, 2003 – Teres Solutions, Inc. announced today that Dupaco Community Credit Union recently purchased its SAIL Indirect Lending software package to facilitate operation of its indirect lending department. The SAIL family of lending software products provides streamlined direct and indirect loan application processing as well as other web-based business enhancement tools for the credit union community.
Based in Dubuque, Iowa, the $321 million Dupaco Community Credit Union identified the need to automate the entire indirect lending process in order to increase productivity and better capitalize on the lucrative indirect lending market. Matt Dodds, Vice President of Lending for Dupaco notes, "We were experiencing a tightening of the indirect lending market and felt that we needed to proceed in a new direction if we were to continue to expand our client base and serve our existing customers. It was imperative that we find a long-term solution that would provide us with a competitive edge, and that could be implemented immediately. Teres Solution's SAIL indirect lending package was the only product we found that could completely automate the indirect lending process (both for us and the auto dealers) and would also have what we believe to be a direct effect on our bottom line."
"Adding Dupaco Community Credit Union to our growing list of customers is an exciting prospect for our company," said Dan Chaney, Vice President of Product Development for Teres Solutions. "Dupaco is known to be a technological leader in their area and their selection of our SAIL indirect lending product re-affirms our commitment to providing lending software solutions that are unique in the industry. We feel confident that the automated loan application and processing attributes of SAIL, as well as the real-time reporting and web-based communication features will help Dupaco meet its market goals."
About Dupaco Community Credit Union
Dupaco Community Credit Union was founded in 1948 in Dubuque, Iowa. The credit union originally served employees of Dubuque Packing Company, but expanded its charter to cover a tri-state area in the 1980s and 1990s. Today, the $321 million institution provides services for over 36,000 members in a 21-county area including: Allamakee, Buchanan, Cedar, Clayton, Delaware, Dubuque, Fayette, Jackson, Linn, Jones, Clinton, Scott and Winneshiek Counties in Iowa; Crawford, Grant, Iowa, and Lafayette Counties in Wisconsin; and Carroll, Jo Daviess, Rock Island, and Whiteside Counties in Illinois.
About Teres Solutions, Inc.
Teres Solutions, Inc. was founded in 2002 for the express purpose of developing direct and indirect lending software products that would define the state-of-the-art for the credit union market. Their Software Application for Integrated Lending (SAIL) direct and indirect lending products allow credit unions to streamline lending decisions by providing a seamless interface with core databases (e.g., Ultradata, Summitt, etc.), automating the application and review process, providing web-based access for members and car dealers 24 hours a day, 7 days a week, and offering standard and customizable reporting features. By using SAIL, a credit union will be able to increase revenue through enhanced loan application processing efficiency, improved dealer and member relations, and augmented loan tracking and reporting capabilities.
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
Based in Dubuque, Iowa, the $321 million Dupaco Community Credit Union identified the need to automate the entire indirect lending process in order to increase productivity and better capitalize on the lucrative indirect lending market. Matt Dodds, Vice President of Lending for Dupaco notes, "We were experiencing a tightening of the indirect lending market and felt that we needed to proceed in a new direction if we were to continue to expand our client base and serve our existing customers. It was imperative that we find a long-term solution that would provide us with a competitive edge, and that could be implemented immediately. Teres Solution's SAIL indirect lending package was the only product we found that could completely automate the indirect lending process (both for us and the auto dealers) and would also have what we believe to be a direct effect on our bottom line."
"Adding Dupaco Community Credit Union to our growing list of customers is an exciting prospect for our company," said Dan Chaney, Vice President of Product Development for Teres Solutions. "Dupaco is known to be a technological leader in their area and their selection of our SAIL indirect lending product re-affirms our commitment to providing lending software solutions that are unique in the industry. We feel confident that the automated loan application and processing attributes of SAIL, as well as the real-time reporting and web-based communication features will help Dupaco meet its market goals."
About Dupaco Community Credit Union
Dupaco Community Credit Union was founded in 1948 in Dubuque, Iowa. The credit union originally served employees of Dubuque Packing Company, but expanded its charter to cover a tri-state area in the 1980s and 1990s. Today, the $321 million institution provides services for over 36,000 members in a 21-county area including: Allamakee, Buchanan, Cedar, Clayton, Delaware, Dubuque, Fayette, Jackson, Linn, Jones, Clinton, Scott and Winneshiek Counties in Iowa; Crawford, Grant, Iowa, and Lafayette Counties in Wisconsin; and Carroll, Jo Daviess, Rock Island, and Whiteside Counties in Illinois.
About Teres Solutions, Inc.
Teres Solutions, Inc. was founded in 2002 for the express purpose of developing direct and indirect lending software products that would define the state-of-the-art for the credit union market. Their Software Application for Integrated Lending (SAIL) direct and indirect lending products allow credit unions to streamline lending decisions by providing a seamless interface with core databases (e.g., Ultradata, Summitt, etc.), automating the application and review process, providing web-based access for members and car dealers 24 hours a day, 7 days a week, and offering standard and customizable reporting features. By using SAIL, a credit union will be able to increase revenue through enhanced loan application processing efficiency, improved dealer and member relations, and augmented loan tracking and reporting capabilities.
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
© 2008 Teres Solutions, Inc. All Rights Reserved.