Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
SAIL platform allows CUs to tap into P.O.S. lending
AUSTIN, Texas (10/30/08)--Teres Solutions, a provider of direct and indirect lending software to credit unions, announced the availability of its SAIL Merchant Lending module, which aims to connect local lenders with more opportunities to grow their business through the retail finance market. The module allows credit unions, credit union service organizations and finance companies the ability to submit point-of-sale (POS) loan applications. Lenders can respond with automated instant approvals or human-reviewed approvals. Other features include a Web-based interface, two-way communications, document delivery and multi-loan support. Texas Dow Employees CU, Lake Jackson, Texas, has deployed the module. The technology will help the credit union expand its loan portfolio, said Lance Wortham, vice president of business services. The credit union has $1.3 billion in assets.


RSS print
News Now LiveWire
Maine wracked by 100,000 compromised cards from #HomeDepotBreach http://t.co/edJuIOuBvO
10 minutes ago
@federalreserve Fed Reserve today said it will not propose any change to its cap on debit card interchange fees http://t.co/0vm600OMau
32 minutes ago
Sept. #NCUABdMtg is adjourned.
2 hours ago
.@TheNCUA : Positive TCCUSF net position does not mean that CUs will get a rebate. Final accounting likely in 2020 or 2021. #NCUABdMtg
2 hours ago
No Stabilization Fund (TCCUSF) assessment in 2014. #NCUABdMtg
2 hours ago