ALBANY, N.Y., May 29, 2007- IA Systems, a provider of lending software and services to credit unions, banks and other financial institutions, announced that Premier America Credit Union selected StreamLend Velocity. The paperless, end-to-end loan origination system will automate lending operations and streamline all of Premier America’s direct, indirect, Web-based and pre-approved loan opportunities through a single channel to better manage risk.

The $1.16 billion credit union has more than 75,000 members nationwide. StreamLend Velocity’s browser-based platform enables a consistent and efficient process to be applied across all nine Texas- and California-based branches as well as phone and Web services.

“IA Systems clearly shares in our dedication to providing members with unprecedented service without geographic barriers,” said Marge McNaught, senior vice president of Premier America. “We look forward to a long-term partnership with IA Systems as we continue to leverage its leading services and competitive prices. StreamLend Velocity’s end-to-end services enable us to spend more time focusing on what matters most – our members.”                                  

StreamLend Velocity’s .NET and XML architecture offers expansive sales channel integration, enabling Premier America to combine indirect lending, lending by aggregators, online lending and call center capabilities into one process.  StreamLend Velocity’s completely paperless lending, including digital signature and e-signature capabilities, support service to the credit union’s vast geographic range.

“We are very excited to begin our relationship with Premier America Credit Union and its members; we share in a similar goal to provide borrowers with the most efficient lending service available,” said Chris Cazer, president and CEO of IA Systems. “Today’s competitive lending industry demands a customizable solution to meet individual members needs. Premier America now has the resources available to boost its portfolio and surpass members’ needs, leaving time to concentrate on cross sell opportunity and member relations.”

—end—