AUSTIN, Texas - FundsXpress said that Cooperativa Zeno Gandia, a$206 million credit union in Puerto Rico, has deployed thefxLending automated lending solution. fxLending is a recentaddition to FundsXpress' suite of Internet-based financial servicesand combines application origination, underwriting and managementsolutions. Cooperativa Zeno Gandia is currently utilizingfxLending's credit decision tool and will be expanding the platformnext month to include loan applications on its Web site atwww.zenogandia.coop. "Processing a loan application prior toimplementing fxLending demanded at least an hour of our creditofficer's time. With fxLending, back-office processes have beengreatly reduced to just 20 minutes, improving our bottom line andclient satisfaction," said Efran Domenech, executive president ofCooperativa Zeno Gandia. In October 2001, Cooperativa Zeno Gandiabecame the first credit union in Puerto Rico to offer Internetbanking services. It will celebrate its 50th anniversairy thisyear. Austin-based FundsXpress (www.fundsxpress.com) is a providerof Internet banking, account aggregation and Web site products andservices to credit unions and banks nationwide.

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