Newly Acquired Fiserv Credit Union Industry Group - CUIG - Adds Integrated Cross-Selling Capability and Announces Five Renewals for CUBE and CUBEOL Core Processing Solutions.

Business Editors

PLANO, Texas--(BUSINESS WIRE)--Aug. 18, 2003

Fiserv, Inc. (Nasdaq: FISV) said its newly acquired Credit Union Industry Group (CUIG) has added a new, integrated cross-selling capability for its CUBE and CUBEOL core-processing products, and also has renewed agreements with five longtime credit union clients.

CUBE and its online service bureau version, CUBEOL, are back-office core processing solutions that provide the technology backbone credit unions use to manage day-to-day operations. The five credit unions - Seattle Metropolitan Credit Union, MIDFLORIDA Federal Credit Union, Tech Credit Union, Animas Credit Union and Colorado Springs Credit Union (CSCU) - have been CUIG clients for an average of almost 18 years each.

According to Anne Stauch, CUIG Director for the CUBE product, the new, integrated cross-selling capability allows credit union employees to better understand members' needs so that they can selectively suggest appropriate new services. The system is integrated with the core processing application so that all member data are readily accessible and updated real-time.

"As one of the most reliable and easy-to-use products available, CUBE continues to grow in popularity as we add additional functions to make it even more robust," said Stauch. "This latest cross-sell enhancement allows credit unions to shift to more of a sales culture instead of being solely transaction-based - creating a more member-centric environment."

In addition to continued deployment and management of CUBE and CUBEOL, the renewal agreements include other related information technology services, including ATM and POS debit and credit card services, audio response services, Virtual Branch(R) electronic banking, and Open Loan Interface, which enables clients to use any third-party loan origination system or Web-based application. CUBEOL now also has a separate database used for training new employees on the core processing application.

Renewals for CUBE include:

-- A contract with Seattle Metropolitan Credit Union that also

includes the new cross-sell product and Open Loan Interface.

The $365 million Seattle, Washington-based credit union has

nearly 33,500 members, and has been a client for seven years.

-- An agreement with central Florida-based MIDFLORIDA Federal

Credit Union, a $620 million, 14 branch credit union with more

than 100,000 members, which has been a client for almost 25

years. The contract also includes Virtual Branch home banking.

-- An agreement with Crown Point, Indiana-based Tech Credit

Union. A client since 1981, this $220 million-plus credit

union has more than 52,000 members. New services include the

new cross-sell product, sales tracking and new core processing

software licenses to support the credit union's growth plans.

Renewed services include ATM, debit and business recovery

services. Steve Moseley, chief financial officer of MIDFLORIDA

Credit Union, says CUBE's open architecture is its most

important feature.

"It's very easy to plug other applications into CUBE, and it also allows us to grab information from its database any way we want," Moseley said. "With CUBE, we can come up with an idea for a new product, write the program for it, put together a marketing plan and launch it in a week or two."

Renewals for CUBEOL include:

-- An agreement with Farmington, New Mexico-based Animas Credit

Union, with two locations, 14,000-plus members and $58 million

in assets, and a client since 1981. New services include a

training database and the cross-sell sales tracking product.

Renewed services include statement presentment, ATM, eDebit,

Virtual Branch home banking and audio response.

-- An agreement with Colorado Springs Credit Union (CSCU), a

client since 1990 with four locations, close to 16,500 members

and $98 million in assets that is located in Colorado Springs,

Colorado. New to this agreement is the new cross-selling

capability. This agreement includes renewals for audio

response, Virtual Branch home banking and Virtual Branch Bill

Pay.

"The CUIG team has been a proven partner in our technology objective. Our Internet banking and wireless access earned CSCU a rating within the top 100 credit unions nationwide for technology," said Theresa Laugesen, the credit union's CEO. "When we considered the responsibility the CUIG team relieves regarding security issues, there was no decision to be made but to renew our relationship."

Credit Union Business Environment (CUBE) is a core processing solution used in house, while CUBEOL is the solution's on-line service bureau version. CUBE and CUBEOL are core-processing applications that credit unions use to open and manage accounts, process loans and deposits, complete required accounting functions and fulfill other member relationship requirements.

Fiserv completed the acquisition of CUIG and its products from Electronic Data Systems Corp. in July 2003. CUIG currently provides IT services - including core data processing, Web- and PC-based electronic banking, debit cards and ATM services - to more than 1,500 credit unions. CUIG has provided technology to these not-for-profit, member-owned institutions for more than 30 years.

Fiserv, Inc. (Nasdaq: FISV) provides industry leading information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 14,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported $2.3 billion in processing and services revenues for 2002. Fiserv can be found on the Internet at www.fiserv.com.

The referenced list of top 100 credit unions is in a book titled Top 100 Credit Unions in E-Services, by Rory Rowland and Tim Lerew. It ranks CSCU among the top credit unions with assets ranging from $50 to $150 million based on its effective application of electronic services.