Press Release

WASHINGTON , D.C., and WALTHAM, Mass. – Aug. 13, 2007 – Wolters Kluwer Financial Services and NAFCU Services Corporation today announced the availability of a free webcast to assist credit unions in creating an effective anti-money laundering program and understanding the requirements of the Bank Secrecy Act (BSA). The webcast offers practical suggestions about how to comply with areas regulators have made a priority in the examination process.

The free webcast, which can be accessed at www.pciwiz.com/nafcu/webcast, covers the requirements of an effective anti-money laundering (AML) program:

• Developing policies and procedures;
• Institutional and customer risk assessments;
• Independent testing; and
• On-going training requirements.

“Regulators have intensified their scrutiny of credit unions’ BSA and AML programs,” said Lyndon Ford, senior compliance consultant for Wolters Kluwer Financial Services, who will present the webcast. “Understanding the regulatory requirements and having an advanced understanding of the key areas regulators are targeting for review is a critical part of creating an effective BSA and AML program.”

“We get more questions about BSA and AML compliance from credit unions than any other regulatory compliance challenge,” noted David Frankil, President of NAFCU Services. “This webcast from our Preferred Partner, Wolters Kluwer Financial Services, sheds light on some of the more challenging aspects of the regulations and is part of our joint effort to assist credit unions with BSA and AML compliance.”

To help credit unions meet a multitude of regulatory obligations, Wolters Kluwer Financial Services also offers solutions under the NAFCU Services Corporation Preferred Partner Program to address the following compliance areas: Home Mortgage Disclosure Act (HMDA), flood determinations, Automated Valuation Models (AVMs), tax and title searches, fair and predatory lending requirements, and BSA and AML requirements, including USA PATRIOT Act and “Customer Identification Program” requirements.

About NAFCU Services Corporation

NAFCU Services Corporation is a wholly-owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry’s leading solutions providers to offer value-added products and services at a discount to credit unions. Currently, it offers 27 Preferred Partner programs to the credit union community. For more information about NAFCU Services Corporation, please visit www.nafcu.org/nafcuservices.

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, GulfPak, Desert Document Services, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2006) of €3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.