TriSyn Group's CORS and Intellect Software Products Selected by Two Credit Unions

Business Wire, Oct 13, 2003

Business Editors

IRVING, Texas--(BUSINESS WIRE)--Oct. 13, 2003

TriSyn Group announced that Affinity Federal Credit Union and Oklahoma Central Credit Union have selected TriSyn Group's CORS and Intellect software solutions. Both products increase the effectiveness and efficiency of collection and recovery processes in both credit unions and banks.

Affinity Federal Credit Union, which has been an Intellect customer for nearly six years, purchased the CORS system to improve its recovery of charged-off accounts and is targeting a completed implementation in November. CORS and Intellect are tightly integrated systems which can improve both collection efficiency and reduce the frequency and amount of customer charge-offs.

"We've been very satisfied with the Intellect system, both from a feature/function standpoint, as well as the overall level of service we've received from TriSyn Group," said Cris Tiberi, manager of recovery for Affinity FCU. "It made sense that we select a solution that complements our existing collection application."

Oklahoma Central Credit Union purchased the Intellect collection product after completing an analysis of available software products. "We looked at a number of systems available in the marketplace, and felt the capabilities of Intellect, particularly the flexibility in creating work queues, best fit our needs," said Gerald Wyatt, Oklahoma Central CU's manager of collections, recoveries and liquidation. Oklahoma Central completed its implementation of Intellect in September.

"Companies across the financial industry turn to TriSyn to accelerate their operational efficiencies and leverage their existing technology investments," said Russell Fleischer, Chief Executive Officer for TriSyn Group. "TriSyn is especially pleased to expand our relationship with both Affinity Federal Credit Union and Oklahoma Central Credit Union."

About Affinity Federal Credit Union: Since 1935, Affinity has been offering superior financial services with a member-oriented focus. With Headquarters in Basking Ridge, NJ, Affinity's primary sponsors include AT&T and Lucent Technologies. To date, Affinity has over 110,000 members from more than 480 companies and organizations, with total assets in excess of $1.2 billion.

About Oklahoma Central Credit Union: Oklahoma Central Credit Union serves nearly 29,000 members in the Central Oklahoma area. With assets in excess of $207 million, Oklahoma Central CU is headquartered in Tulsa, and maintains four branches in the greater metropolitan area. Oklahoma Central CU is committed to community involvement and improving the quality of life where its members live and work.

About TriSyn Group: For more than 25 years, TriSyn Group products have been helping financial institutions successfully meet the challenges of the marketplace by optimizing their business processes, and maximizing the accessibility and value of their operating information. TriSyn Group solutions provide institutions with the information they need to make the right strategic decisions at the right time, with the flexibility to meet evolving business requirements. Today, more than 200 financial service institutions rely on TriSyn Group products and services, including many of the world's largest banking organizations. More information about TriSyn Group is available at http://www.trisyngroup.com.