APPRO Systems Helps Credit Union Acceptance Corp. Interface with DealerTrack-Online, real-time loan approval now available to Texas, Florida and South Carolina auto dealers

Business Wire

January 8, 2004

BATON ROUGE, La., Jan 8, 2004 (BUSINESS WIRE) -- APPRO Systems, Inc., the leading provider of automated credit risk management and financial technologies for the lending industry, today announced that it has successfully interfaced Houston-based Credit Union Acceptance Corporation's (CUAC) credit evaluation system into the DealerTrack(TM) online auto financing platform. CUAC is a Credit Union Service Organization (CUSO) founded by eight Houston-based credit unions to represent credit unions in the indirect finance market.

This interface enables automobile dealers throughout Texas, Florida and South Carolina to submit consumer lease and loan applications online to LoanCenter Consumer(TM), APPRO's consumer loan automation system. The consumer's application information -- submitted via the Web -- is integrated into CUAC's decisioning engine via the DealerTrack interface. This allows dealers to receive a response from CUAC on credit applications in as little as a few seconds.

"Using DealerTrack enables automobile dealers to see us as a valuable lending source and gives us a mechanism to compete with banks and other credit unions," said Adrian Dominguez, president and CEO of Credit Union Acceptance Corp. "In fact, since implementing the platform, in one month alone, we have seen a 25 percent increase in funded loans. I have worked with APPRO for more than six years and am consistently impressed with APPRO's ability to create solutions for its customers. Their high level of support makes it possible for us to continue to better serve our credit union clients and their members."

APPRO's interface with DealerTrack is immediately available to APPRO customers running the LoanCenter system. The interface is a translation layer embedded within APPRO Loan Exchange (ALEX), APPRO's robust middleware tool that connects APPRO databases to third party systems. ALEX uses HTTP/HTTPS protocols to communicate securely with DealerTrack.

"APPRO Systems has been successful because we work with our customers to constantly improve our offerings to ensure they get the most out of our solutions," said Steve Uffman, CEO of APPRO Systems, Inc. "Working with CUAC to develop an interface with DealerTrack adds greater value to the APPRO system CUAC already has in place."

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 25-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.

SOURCE: APPRO Systems, Inc.

CONTACT: For APPRO, Baton Rouge

J. Blair Logan, 678-781-7218

or

Cristi Nicholson, 678-781-7208

Customize your Business Wire news & multimedia to match your needs. Get breaking news from companies and organizations worldwide. Logon for FREE today at www.BusinessWire.com.

Copyright (C) 2004 Business Wire. All Rights Reserved