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AppOne Adds First Credit Union to Lending Platform

April 06, 2009

BATON ROUGE, La. – Dealer technology provider AppOne, a part of Wolters Kluwer Financial Services, has announced that Dow Louisiana Federal Credit Union (DLFCU) is the first lender to join AppOne’s credit union platform.

DLFCU will leverage AppOne's dealer network, technology and risk mitigation solutions to offer auto financing to more Louisiana residents. President/CEO Jeff Hendrickson hopes joining the AppOne platform will allow DLFCU to offer better financial products to its members.

"AppOne makes it easier to connect with the independent auto dealer marketplace, which helps us grow our member base," said Jeff Hendrickson, president and CEO of Dow Louisiana Federal Credit Union. "By vetting each dealer that joins its platform, and providing an efficient and effective risk management system, AppOne helps us offer auto loans to existing members, as well as potential members residing in the nine-parish Greater Baton Rouge area."

For independent auto dealers who have seen large, national lending sources dry up in recent months, AppOne’s relationship with DLFCU offers an opportunity to access another lending source that can help them serve their customers and sell more cars.

"Dealers’ No. 1 concern right now is financing," said Lee Domingue, CEO of AppOne. "AppOne not only provides them with access to a variety of lenders, but we also help ensure their loan documentation is compliant so they can maintain positive relationships with those lenders over time."

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