NAFCU Services Corp. Expands Partnership with Wolters Kluwer Financial Services to Include Consumer Lending Solutions
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|Wolters Kluwer Financial Services
|Wolters Kluwer Financial Services
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FOR IMMEDIATE RELEASE
April 27, 2010
NAFCU Services Corp. Expands Partnership with Wolters Kluwer
Financial Services to Include Consumer Lending Solutions
MINNEAPOLIS – Wolters Kluwer Financial Services announced today NAFCU Services Corporation has expanded its Preferred Partner relationship with the company to include its consumer lending and deposit solutions in addition to its member business lending products.
NAFCU Services Corp. is a subsidiary of the National Association of Federal Credit Unions, which serves approximately 800 federal credit unions throughout the United States.
Wolters Kluwer Financial Services will now provide NAFCU member credit unions with access to the company’s consumer lending and deposit solutions, including its ComplianceOne™ and ARTA® Lending and Deposit solutions, as well as its loan and deposit account agreements and compliance disclosures. The company’s products are designed to help credit unions more efficiently manage loan and deposit transactions, reduce risk and maintain compliance with federal and stateregulatory requirements in all 51 U.S. jurisdictions.
“Credit unions face an onslaught of consumer-oriented regulations that can severely strain their resources,” said David Frankil, president of NAFCU Services Corp. “By working with Wolters Kluwer Financial Services, they can reduce the burden of compliance and streamline operations, allowing them to spend more time focused on their members’ needs.”
“Monitoring the ever-changing regulatory environment continues to be a challenge for credit unions,” said Lisa Fraga, vice president and general manager of Banking for Wolters Kluwer Financial Services. “Wolters Kluwer Financial Services offers a range of consumer deposit and lending products to help them stay on top of regulatory changes and simplify compliance.”
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 market-leading global information services company focused on professionals with annual revenues (2009) of €3.4 billion ($4.8 billion), approximately 19,300 employees worldwide and operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Visit our website, YouTubeor follow @Wolters_Kluweron Twitter for more information about our market positions, customers, brands, and organization.
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 26 Preferred Partner programs to the credit union community, and maintains the credit union locator website, CULookup.com. For more information about NAFCU Services Corporation, please visit www.nafcu.org/nafcuservices.