SEFCU Does $3M In Online Loans On DayAfter Conversion

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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 ULTRADATA’s 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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