APPRO Systems Signs GECU as Latest LoanCenter for Consumer Customer.

Business Editors

BATON ROUGE, La.--(BUSINESS WIRE)--July 23, 2002

Credit Union to Interface Loan Automation System

With Miser Core System

APPRO Systems, Inc., the leading provider of automated credit risk management and financial technologies for the lending industry, announced today that GECU (Government Employees Credit Union), an $811 million assets credit union based in El Paso, Texas, has purchased the company's consumer loan automation system, LoanCenter for Consumer(TM) for use with its more than 218,000 members.

The credit union expects to go live with LoanCenter for Consumer(TM) in late August 2002.

According to GECU officials, an important factor in its purchase of LoanCenter for Consumer is the system's ability to interface with the credit union's existing Miser core processing system. The successful interface between the two systems will enable GECU to eliminate redundancies in data entry, thus improving overall efficiency and eliminating errors associated with re-keying information.

"The increased efficiency is important because it means quicker responses and improved member convenience, which can give us an edge over our competitors," said Pierre Cardenas, GECU's senior vice president of Lending. Following the implementation of LoanCenter for Consumer, Cardenas expects a 25 percent increase in automatic decisioning along with a 30 percent increase in processing efficiency, enabling the credit union to increase the 8,000 applications it processes every month.

"We were interested in the ease in functionality that LoanCenter for Consumer offers both our staff and our members," added Cardenas. "Additionally, LoanCenter for Consumer is a proven system with an attractive and robust decisioning engine."

"Financial institutions that select and implement robust technology that communicates effectively with their core systems position themselves as market leaders by establishing a platform whereby streamlining internal processes and offering more and better products and services to members," said Steve Uffman, chairman and CEO of APPRO Systems, Inc. "I believe the selection of LoanCenter for Consumer will enable GECU to successfully achieve both of these goals."

About GECU

GECU has been in El Paso since 1932 and has become the largest credit union in the city and one of the top 100 credit unions in the nation. GECU has $811 million in assets, 470 employees and over 218,000 member-owners. To qualify for membership at GECU you must live or work in the County of El Paso and not be eligible for primary membership in any occupation-based credit union with an office within El Paso County. Or, you may be a family member of a current GECU member/owner (up to first cousin). Also, you may be an active or retired U.S. Civil Service employee residing in the El Paso area. For more information visit the Website at www.gecu-ep.org.

About APPRO Systems, Inc.

APPRO Systems, Inc. is the lending industry's leading provider of comprehensive, automated credit risk management and financial technologies for the Internet and traditional lending environments. APPRO supports more than 250 financial institutions, with customers of all types in the United States, Canada and Puerto Rico. The company provides rapid implementation time and follow-on consulting for its signature product, LoanCenter(TM), a scalable software system that enables high decision quality and speed and automates the entire workflow of processing credit applications and originating loans for lenders of all sizes. The 22-year-old company is based in Baton Rouge, La. with additional offices in Dallas, Texas. For additional information about APPRO, write to: APPRO Systems, Inc., 7173 Florida Blvd., Suite 100, Baton Rouge, LA 70806, or visit the company's Web site at www.approsystems.com.