Wolters Kluwer Financial Services

Press Release

Alliance Services Group, LLC Selects Wolters Kluwer Financial Services Rembrandt Lending System
CUSO Says Rembrandt Best Software Solution Suited To Help Organization Expand In Terms Of Compliance, Flexibility And Cost

MINNEAPOLIS – Nov. 8, 2007 – Wolters Kluwer Financial Services announced that Alliance Services Group, LLC, a credit union service organization (CUSO) which offers credit unions member business services, is using Wolters Kluwer Financial Services’ Rembrandt® Lending System to help the CUSO establish effective and compliant business lending documentation. More than 500 U.S. credit unions now use Wolters Kluwer Financial Services’ business lending documents directly or through a CUSO.

Alliance , located in Paducah, Kentucky, offers owner or non-owner credit unions a wide range of business lending, deposit and consulting services. The CUSO originally formed by C-Plant Federal Credit Union of Paducah, plans to expand its ownership to 5 or 6 credit unions in the next 90 days, expanding the asset base behind Alliance to well over $1 billion.

“Rembrandt is a big piece of our plan for the future,” said Travis Clem, Alliance’s president. “Part of Alliance’s strategy is to leverage the use of technologies such as Rembrandt to become more operationally efficient as we expand our ownership, clientele and business. Doing so means we can not only keep costs down for our owner and non-owner credit unions but also offer them a greater variety of products and services that meet their individual needs”

Clem went on to say that Rembrandt Lending, which can help financial institutions remain compliant in all 51 U.S. jurisdictions was better suited for Alliance’s growth plan than any other documentation software the CUSO evaluated.

“We ran a hypothetical scenario where Alliance would grow to include 20 client credit unions in the next 3 years and Rembrandt won hands down in terms of the flexibility of adding new members and its pricing structure as we expand,” said Clem. “And from a compliance standpoint, Rembrandt takes the worry away when documenting complex business lending transactions.”

Clem added that as Alliance expands into Small Business Administration (SBA) lending, the CUSO plans to use Wolters Kluwer Financial Services SBA lending software, TSoft SBA FormMaster+.

The Rembrandt Lending solution is built upon the regulatory content, industry knowledge, and decades of experience of Wolters Kluwer Financial Services’ Bankers Systems brand. Financial organizations, regulators and examiners have associated the Bankers Systems name with leading compliance and operational risk management solutions for decades.

For more information on member business lending and deposit solutions offered by Wolters Kluwer Financial Services or to view an online demonstration of Rembrandt Lending, please visit http://www.wolterskluwerfs.com/Solutions/CUBR/index.html or contact your Wolters Kluwer Financial Services account representative.

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, AppOne 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 sectors. Wolters Kluwer has annual revenues (2006) of € 3.4 billion ($4.3 billion), employs approximately 18,450 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.


Quick Links Media Contacts

Jennifer Marso
Director of Corporate
Communications for Wolters Kluwer
Financial Services
612.852.7912
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Charles Miller
Senior Public Relations Specialist
Banking, Mortgage, and Credit Unions
320.240.5457
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Angela Peterson
Senior Public Relations Specialist
Securities, Insurance, and Indirect Lending
612.656.7745
Email Angela