Credit Union Acceptance, Wolters Kluwer Broaden Partnership

December 15, 2009

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HOUSTON — For the second time this month, Wolters Kluwer Financial Services expanded a relationship with a credit union service organization. This time, the arrangement is with Credit Union Acceptance Co. so it can offer the AppOne platform in more markets.

Now a total of 15 participating CUAC facilities in the Houston area and three other cities in northeast Ohio have access to AppOne, a solution that can provides risk mitigation, compliance and Internet-based work flow automation technology. The three Ohio markets included in the expansion are Cleveland, Akron and Canton.

CUAC executives mentioned how the latest agreement expands upon an AppOne launch with participating credit unions in Louisiana. That launch occurred back in June.

Kurt Howard, executive vice president at CUAC, explained how the integration of AppOne is aiding his company's efforts to serve members. CUAC represents 130 credit unions in the indirect auto finance market.

"A lot of credit unions across the country have found opportunity in building relationships with independent auto dealers in their market," Howard pointed out.

"AppOne helps our participating credit unions formalize that process and protect their business as they build their auto loan portfolio and expand financing options to their members," he added.

Lee Domingue, chief executive officer of indirect lending at Wolters Kluwer Financial Services, also commented on the position the expanded agreement leaves his company.

"Our growing relationship with CUAC demonstrates our continued effort to provide dealerships across the country with a diverse set of lending sources," Domingue concluded.

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