March 13, 2008 | Press Release

ECI GARNERS FIRST CREDIT UNION SERVICE ORGANIZATION (CUSO) -- DES MOINES, IA-BASED COMMUNITY BUSINESS LENDERS

GLENWOOD, IA -- ECI announced today the purchase of their Web Equity Manager® loan origination and servicing solution by Des Moines, IA-based Community Business Lenders.

"CBL is the first Credit Union Service Organization (CUSO) to provide Web Equity Manager® to it's 65 credit union customers," said ECI Regional Sales Manager, Lori Rew.

"As a CUSO, we provide a Web-based clearing house for business loan participations by the 65 individual credit unions we serve," explained Mark Kilian, CBL CEO.

Web Equity Manager® Version 6.0 goes beyond financial analysis and decisioning. System users can process commercial, small business, agricultural and consumer loans with a workflow wrapping that allows for exception tracking, tickler functions, enhanced communications, centralized electronic document storage and a contact management component for managing customer interactions and prospecting.

About Community Business Lenders

CBL is an Iowa-based, for-profit company that is open to all Iowa credit unions and is owned by the Iowa Credit Union League of Des Moines, and two Central Iowa credit Unions - Community Choice Credit Union of Johnston, and MEMBERS1st Community Credit Union of Marshalltown. CBL's services include underwriting, documenting, closing and servicing loans as well as facilitating loan participations.

CBL is a Credit Union Service Organization (CUSO). A CUSO is an organization owned wholly or in part by one or more credit unions to provide service to credit unions. CUSO's were established primarily to serve the needs of its credit union owner and whose business relates to the daily operations of the credit union it serves.

About ECI

ECI is a market leading provider of enterprise level lending solutions supporting over 10,000 lending professionals throughout North America, Canada and Australia. The lending solution, Web Equity Manager®, goes beyond financial analysis and decisioning. It is the only 100% On-Demand/SaaS enterprise lending solution in the marketplace today. It provides a single system of record for processing credit in all lending disciplines. Web Equity Manager® delivers exceptional workflow capabilities allowing for exception tracking, tickler functions and enhanced communications. Additional features include portfolio risk management, data mining, centralized electronic document storage and contact management.

ECI supports financial institutions with assets ranging from $10 Million to over $500 Billion. ECI software is used daily by over 3,300 United States Department of Agriculture Farm Service Agency personnel across 800 service centers across the country. Our footprint extends into the largest Credit Unions in Canada to $50 billion asset lenders like Australia-based Suncorp. These lending institutions use ECI software to service hundreds of thousands of credit requests annually.

Interested lending organizations can schedule a demonstration of Web Equity Manager® by calling ECI at 1-800-264-0787 ext. 200. Click here to view a brief description of the product features and benefits.

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