$2.1 Billion GTE Federal Credit Union Opts for IA Systems' StreamLend(R) Velocity; One of Nation's Largest Credit Unions Selects Web-Based Solution to Replace Custom-Built, In-House Loan Processing System in All 35 Branches.

ALBANY, N.Y. -- IA Systems, a provider of lending software and services to credit unions, banks and other financial institutions, announced that $2.1 billion GTE Federal Credit Union selected StreamLend Velocity to enhance its loan processing operations. After operating a custom-built, in-house loan origination system for the last five years, the credit union decided to move to StreamLend Velocity to reduce its overall IT operation costs. Key to this savings is Velocity's ability to provide powerful customization capabilities to users in its easy-to-use maintenance module, without software engineers having to reprogram the underlying technology.

Tampa, Fla.-based GTE FCU plans to automate lending, processing, underwriting, funding, and closing operations with StreamLend Velocity in all of its 35 branches. The solution's open standards .NET and XML architecture enables it to integrate with all major core processors and third-party applications, as well as incorporate diverse loan delivery channels easily. GTE FCU will use StreamLend Velocity for automobile loans, personal loans, insurance services, indirect lending, and home equity loans through a variety of channels including in-person, branches, loan by phone, call centers, online, fax, and email. Following a conversion of its core data processing solution, the credit union plans to "go-live" with StreamLend Velocity in the first quarter of 2007.

"Converting to IA Systems' StreamLend Velocity gives us the flexibility necessary to have faster, more reliable loan processing for our members," said Neil Timson, senior vice president of lending at GTE FCU. "StreamLend Velocity gives us the ease of expanding delivery channels while avoiding the complications and costs of maintaining an in-house system."

GTE is the 30th largest credit union in the country, and has a reputation as a leader in financial institution technology (e.g., in the 1970s, it was the first credit union in the world to offer credit cards; more recently, it was the second credit union in the country to offer a successful debit card program). With currently more than 600 employees, 214,000 members, 35 branches, and over $2.0 billion in assets, GTE has been one of the fastest growing credit unions in the country.

Chris Cazer, president of IA Systems, added, "Our goal is to make the lending process as simple as possible while still maintaining flexibility and strength. StreamLend Velocity's open architecture allows GTE to surpass the control it had with its in-house system, while also providing a solution that is easy to use and easy to maintain. The Web-based options of our Velocity platform give customization, scalability, and control to financial institutions of any size."

StreamLend Velocity is a customizable, paperless loan origination system that automates the lending process from beginning to end. The loan origination technology also offers advanced security, auditing, and compliance tools that allow lenders to protect borrowers and keep data safe. Not only does StreamLend Velocity allow financial institutions to expand their portfolios while mitigating risk, the technology also decreases the costs of lending operations while simultaneously increasing loan processing efficiencies and increasing borrower satisfaction.

About IA Systems

Since 1991, IA Systems has developed technology to streamline business operations for credit unions, banks, and other financial institutions. In 2000, St. Paul, Minn.-based Securian Financial Group, with assets of more than $26 billion, purchased IA Systems, providing IAS with a national sales force and the financial backing of one of the nation's largest independent distributors of insurance protection services for financial institutions.

IA Systems' flagship product, StreamLend Velocity, is a paperless, end-to-end loan origination system that simplifies, automates, and accelerates the lending process using industry-advancing tools, including: a user-centric Web interface, configurable workflow, expansive sales channel integration, and a modular software design based on open standards. The powerful and flexible Web-based tools of StreamLend Velocity automate workflow, speed credit and loan decisioning, integrate sales channels, and manage risk for financial institutions, while decreasing operational costs and increasing loan processing efficiencies.

For more information about IA Systems and its products and services, visit the company's Web site at www.IASystems.com, write 500 New Karner Road, Albany, N.Y. 12205, call 800.803.7554 ext. 279, or email [e-mail].

Editor's Note: The correct usage of the product name is: "StreamLend Velocity" with only the first, or most prominent, usage containing the Registration symbol following StreamLend; with "StreamLend" as one word; with the "L" capitalized; and with "Velocity" in italics.