ALBANY, N.Y., Feb. 19, 2007 - IA Systems, a provider of lending software and services to credit unions, banks and other financial institutions, announced that Racine, Wis.-based Educators Credit Union successfully implemented Disaster Recovery, a low-cost infrastructure that protects organizations from technical or natural disasters.

A three-year customer of IA Systems, $780 million Educators Credit Union migrated to Disaster Recovery because it creates a recovery environment in the event of any type of technical or natural disaster and is designed to work with StreamLend Velocity, a Web-based, paperless loan origination system.  The credit union had already implemented IA Systems’ StreamLend Velocity on June 7, 2006 and processed more than 198 loans on the first day.

“IA Systems has provided our credit union with superior lending services for several years and now with the addition of disaster recovery services, we can protect our members from the repercussions of unexpected events and maintain a competitive edge on lending,” said Paul Jalosky, application administrator at Educators Credit Union.  “We selected IA Systems for its vision and drive to continually seek user feedback and develop enhancements to meet the ever-changing market needs. Adding Disaster Recovery best prepares us for any disaster while leaving enough bandwidth to focus on what matters most: our members.”

Disaster Recovery is available through IA Systems’ application service provider (ASP) hosting facility and offers high availability and security.  The environment will be restored to operational state and will remain current as of the point in time of the latest backup available for restoration.

“Unforeseen events such as hurricanes, heat waves and blizzards can affect financial institutions nationwide at any time, and the only defense is to be prepared,” said Frank Townsend, manager of hosted operations at IA Systems.  “Our Disaster Recovery environment is created and maintained both at the financial institution and in our hosting facility, so credit unions such as Educators Credit Union stay fully protected. The good and bad news is, the industry can learn a lot from the institutions that struggled through past disasters, and we want to ease some of the stress that can be associated with a disaster.”

About IA Systems

Since 1991, IA Systems has developed technology to streamline business operations for credit unions, banks, and other financial institutions. In 2000, St. Paul, Minn.-based Securian Financial Group, with assets of more than $26 billion, purchased IA Systems, providing IAS with a national sales force and the financial backing of one of the nation’s largest independent distributors of insurance protection services for financial institutions.

IA Systems’ flagship product, StreamLend Velocity, is a paperless, end-to-end loan origination system that simplifies, automates, and accelerates the lending process using industry-leading tools, including: a user-centric Web interface, configurable workflow, expansive sales channel integration, and a modular software design based on open standards. The powerful and flexible browser-based tools of StreamLend Velocity automate workflow, speed credit and loan decisioning, integrate sales channels, and manage risk for financial institutions, while decreasing operational costs and increasing loan processing efficiencies.

For more information about IA Systems and its products and services, visit the company’s Web site at www.IASystems.com, write 500 New Karner Road, Albany, N.Y. 12205, or call 800.803.7554 ext. 279.

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