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.