PADUCAH, Ky. — Alliance Institutional Services LLC says it will use the Rembrandt Lending System from Wolters Kluwer Financial Services for its member business services.
Alliance offers business lending, deposit and consulting services to credit unions and is a CUSO of $120 million C-Plant Federal Credit Union in Paducah. The CUSO says plans to expand its ownership to five or six credit unions in the next 90 days.
"Part of Alliance's strategy is to leverage the use of technologies such as Rembrandt to become more operationally efficient as we expand our ownership, clientele and business. Doing so means we can not only keep costs down for our owner and non-owner credit unions but also offer them a greater variety of products and services that meet their individual needs" Travis Clem, Alliance's president.
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The Rembrandt software provides compliant business lending documentation. Clem says that as Alliance expands into Small Business Administration (SBA) lending, the CUSO also plans to use the TSoft SBA FormMaster+ software from Minneapolis-based Wolters Kluwer.
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