SEFCU Does $3M In Online Loans On DayAfter Conversion

July 27, 2004, 1:00 a.m. EDT 1 Min Read

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.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Politics and policy

Housing bill passes House with community bank riders

A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.

By Claire Williams

February 9
Banking

15 most recent bank failures

Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.

By Editorial Staff

February 9
Regulation and compliance

CFPB blocks GAO investigators in layoff report

The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.

By Kate Berry

February 9
Federal Reserve

Fed's Waller: 'Everyone is yelling at me' on skinny accounts

Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.

By Maria Volkova

February 9
Fraud

Georgia woman sentenced for $1.5 million bank fraud scheme

Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.

By Carter Pape

February 9
Corporate governance

KeyCorp, Eastern get relief as activist investor backs down

The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.

By Allissa Kline

February 9