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Leslie Bonacum
847-267-7153
mediahelp@cch.com
Neil Allen
847-267-2179
neil.allen@wolterskluwer.com

Bankers Systems Offers Credit Unions Lending Software Option

New Windowsâ -Based Software Designed Specifically For Credit Unions

(ST. CLOUD, Minn., October 29, 2001) — Bankers Systems Inc. (BSI), the leading national provider of compliance resource solutions for financial institutions and their legal counsel, introduced Arta® Lending Documentation System for credit unions. Arta Lending for credit unions is a 32-bit Windows®-based lending documentation solution designed specifically for credit unions.

The product was created to help credit unions document loans faster and more efficiently. Besides increasing productivity, Arta Lending helps credit unions offer more lending products to their members, including member-owned businesses.

Arta Lending for credit unions is an all-in-one solution, automating the documentation for a wide range of credit union lending transactions, including open-end and closed-end consumer, commercial, residential real estate, agricultural, adjustable rate mortgage, and home equity loans. In addition, Arta Lending includes credit union-specific features designed with input and feedback from credit union professionals across the country.

Roger Johnson, Commercial Products Manager for Minneapolis-based City-County Federal Credit Union, said, "When I worked with Arta Lending in the Bankers Systems’ lab, I was impressed at how easy it was to navigate and use. The software will provide a significant efficiency gain as we develop our commercial lending portfolio."

Bankers Systems was diligent in listening to the needs of credit unions as it developed the product. "Arta Lending for credit unions was specifically designed with the unique needs of credit unions in mind," said V. Joel Meyer, Senior Vice President of Sales and Support for Bankers Systems. "Judging by the responses from credit unions who have used the software, it’s clear Arta Lending delivers the features and functionality that they need. Arta Lending for credit unions has combined Bankers Systems’ strong compliance support and trusted documents with new technology. The result is greatly improved productivity and efficiency, and a strong technology base that will serve a credit union far into the future."

Arta Lending for credit unions’ features include:

    • Standard transaction templates for speed, accuracy, and consistency;
    • Auto-selection fields that ease the burden of monitoring and selecting the documents involved in documenting a lending transaction; and
    • Data validation to scan data, identify possible entry errors and alert the user.

Powered by Bankers Systems’ exclusive Expere™ compliance knowledge base, Arta Lending for credit unions provides compliance documentation and support for federal and state-specific laws in all 50 states and the District of Columbia. That means credit unions have a strong documentation solution to help them manage compliance challenges and better serve members who move across state lines.

According to Meyer, the successful release of the new credit union lending software from Bankers Systems also helps solidify the company’s commitment to credit unions.

"Today, thousands of credit unions have placed their trust in Bankers Systems’ compliance products and services," Meyer said. "Arta Lending for credit unions demonstrates the breadth of our compliance experience in translating complicated regulatory information and industry issues into practical, easy-to-use solutions for credit unions. There is no company better equipped than Bankers Systems to provide this important solution for credit unions."

About Bankers Systems

Established in 1952, Bankers Systems, Inc., a Wolters Kluwer company, is a leading national provider of compliance resource solutions for financial institutions and their legal counsel. The company’s lending, deposit, and IRA solutions are used by more than 12,000 financial institutions, including credit unions, banks, finance companies, mutual fund companies, and brokerage firms. Bankers Systems’ software, documents, training, and support services help institutions be more productive, work more efficiently, and grow their businesses. Bankers Systems is the sponsor of ComplianceHeadquarters.com, a Web site designed to provide valuable compliance information and tools to financial industry professionals.

For more information about Bankers Systems, call 800.552.9410 or visit the company’s Web site at www.bankerssystems.com.

Bankers Systems Inc. and Arta are registered trademarks and Expere is a trademark of Bankers Systems, Inc. All other trademarks are property of their respective owners.

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