Pelican State Credit Union Joins Wolters Kluwer Financial Services’ AppOne Platform
BATON ROUGE, La. - AppOne, a part of Wolters Kluwer Financial Services announced today that Louisiana-based Pelican State Credit Union has joined its credit union platform.
AppOne helps Pelican State Credit Union connect with auto, marine and RV dealerships in Louisiana to provide auto financing options for their customers. AppOne offers technology and risk mitigation services, as well as compliant loan documentation, that allows credit unions to expedite the loan process and help ensure that the dealerships they do business with are meeting industry regulations.
“As Pelican State Credit Union continues to grow, we remain committed to providing innovative products and services that meet the changing needs of our member base,” said Jeff Conrad, CEO at Pelican State Credit Union. “AppOne provides a solution that automates the indirect lending process, helping us serve existing and potential members, while easing the challenges related to regulatory compliance.”
“Many consumers are in need of financing when making a vehicle, boat or RV purchase, but with some lenders tightening credit, they don’t know where to turn,” said Lee Domingue, CEO of AppOne. “Building our network of credit unions allows dealerships to gain access to more financing options for their customers, which can ultimately help them sell more cars, RVs and boats.”
Based in Baton Rouge, La., AppOne, a part of Wolters Kluwer Financial Services, is an Internet-based company offering a technology solution that connects auto dealers with lenders. The AppOne system relies on the company’s proprietary scorecard system, which evaluates each dealer to determine the level of risk associated with doing business with that dealer. It also automates the funding process for dealers by printing all documents required to complete the booking of auto loans. AppOne provides lenders with a new channel of growth and field representation directly to auto dealers nationwide. It offers dealers faster financing options for their customers, support services and additional aftermarket fee-based products. For more information on AppOne, visit www.AppOne.net.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) €3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.
About Pelican State Credit Union
Pelican State Credit Union was established in 1956 and was formerly known as the Department of Hospitals Credit Union. Headquartered in Baton Rouge, La., Pelican State CU is the fastest growing credit union in the state. As a non-for-profit cooperative, the credit union serves more than 28,000 member-owners. With an asset size of $165 million, Pelican is dedicated to the ‘Little Guy’ and the financial education of the communities it serves.
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