Bayport Credit Union Sets Sail with Teres Solutions for Automated Indirect and Direct Lending.

SAIL[R] Software Platform to Help Credit Union Handle Expanding Loan Programs

AUSTIN, Texas -- Teres Solutions[TM], Inc., one of the top providers of direct, indirect and merchant lending software to credit unions and financial institutions, today announced that Bayport Credit Union is the latest among 215 organizations that have standardized on the SAIL[R] software platform to automate and streamline their indirect and direct lending programs. The software will help Bayport Credit Union to automate loan application and approval processes for everything from auto loans to home equity lines of credit. This will speed the time it takes for members and dealer partners to receive loan application responses and to fund loans.

"As demand for loans and accessible credit continues to rise, it's essential to have a platform like SAIL that can support the growth we're experiencing from both existing and new members," said Judy Hodges, Vice President of Consumer Lending for Bayport Credit Union. "SAIL is a powerful, simple to use solution backed by a talented team of experts ready to help us at a moment's notice. Together, they allow us to get the most out of our lending automation initiatives."

Bayport Credit Union, originally established in 1928 to support the financial needs of the Virginia peninsula's shipyard employees and their families, has a rich history of providing innovative loan products to its members. In addition to helping members build ships for several generations, the credit union's offerings have blossomed to include everything from loans for automobiles and homes to retail purchases and more. The Teres Solutions SAIL platform will help support these lending initiatives, while linking related loan processes and exchanging data in real-time with the credit union's Symitar core system.

"Bayport Credit Union always supports the diverse and changing needs of its community and members," said Tim Kelly, CEO of Teres Solutions. "We're honored the Bayport team has selected Teres Solutions as a partner during this time of unprecedented lending growth. We look forward to helping the team to tap into the power of SAIL to make the most of this historic opportunity for expansion."

The Teres Solutions SAIL software family is used by some of the nation's most successful credit unions, lending CUSOs, banks and finance companies to automate their indirect, direct, merchant and web-based lending processes. SAIL lending software significantly reduces the time it takes to review loan applications, request and review credit reports, enter data into core systems, make lending decisions and quickly respond to dealers and members. To date the SAIL platform has processed billions of dollars in direct and indirect lending loan volume.

For more information on Teres Solutions, visit www.teressolutions.com.

About Teres Solutions, Inc.

Teres Solutions[TM], Inc., a wholly-owned subsidiary of CRIF, was founded in 2002 for the express purpose of developing direct and indirect lending software products that define the state-of-the-art for the financial institution market. Its Software Application for Integrated Lending (SAIL[R]) direct and indirect lending products allow financial institutions to streamline lending decisions, increase revenue through enhanced loan application processing efficiency, improve dealer and member relations, and augment loan tracking and reporting capabilities. Teres Solutions has been recognized as a Microsoft Gold Certified Partner with accredited core competencies. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.

About CRIF

CRIF is a global company specializing in the development and management of credit reporting, business information and decision support systems. Established in 1988 in Bologna, Italy, CRIF has an international presence - operating in over four continents, including Europe, America, Africa and Asia.

SAIL is a registered trademark and Teres Solutions is a trademark of Teres Solutions, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.