ALBANY, N.Y. - (07/27/04) -- On the first day after converting toa new web-based loan application solution, the $1.2-billion SEFCUhere reported it approved more than $3 million in loans formembers. The service follows conversion by the credit union to anew solution provided by ULTRADATA, built on a UNIX-basedHewlett-Packard 9000 rx5670 system and jBASE database managementsystem, with capabilities for 24/7 processing, online transactionjournaling, and hot standby. SEFCU has also invested in othercompatible services from ULTRADATAs parent, HarlandFinancial Solutions, including the TouchĚ memberrelationship management solution, INTERLINQ E3 mortgage loanproduction and servicing platform, and Laser Pro business loanorigination solution.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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