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Teres Solutions said it now has 200 customers using its automated direct, indirect and merchant lending software.The 200th customer was the $356 million Credit Union West of Glendale, Ariz., the seven-year-old company said. Other recent signees include the $353 million Olin Community CU of Bethalto, Ill., the $507 million AltaOne FCU of Ridgecrest, Calif., the $481 million Y-12 FCU of Oak Ridge, Tenn., the $373 million IC FCU of Fitchburg, Mass., and The Credit Union Loan Source LLC, a Georgia CUSO.“Last year was one of the best in our company’s history,” said Tim Kelly, CEO of Teres Solutions in Austin, Texas. “We couldn’t have achieved what we did without the support of our talented employees and our loyal family of customers who helped to refine and improve the SAIL platform to meet the unique lending needs of the current economic environment.”Kelly said 25 new customers have signed on in the past year. The company also added its merchant lending module in the past year, allowing merchants and professional service providers to submit point-of-sale loan applications through the SAIL system.–mrapport@cutimes.com

Peter Westerman

Credit Union Times

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