ATLANTA, Feb. 6, 2007 (PRIME NEWSWIRE) -- Three credit unions recently selected Harland Financial Solutions Inc.'s UltraData(r) Enterprise core processing solution to help them improve their operations and support their growth objectives. Harland Financial Solutions, a wholly owned subsidiary of John H. Harland Company (NYSE:JH), delivers UltraData in both an in-house and outsourced environment to more than 600 credit unions nationwide.
The three credit unions are Employees Credit Union of Dallas, Texas; Connecticut-based Ledge Light Federal Credit Union; and Louisiana USA Federal Credit Union of Baton Rouge, Louisiana.
Employees Credit Union will utilize UltraData Enterprise in-house. "We believe UltraData Enterprise provides functionality that we did not find in the competitive alternatives we evaluated, including the ability to provide more self-service options to our members and additional internal flexibility with our account structuring," said Vonda Burkhart, vice president and chief financial officer of Employees Credit Union. Employees Credit Union also currently utilizes Harland Financial Solutions' Cavion Internet banking and Web site services, as well as Harland's Liberty Card Services.
Ledge Light Federal Credit Union selected UltraData Enterprise to provide business solutions across its organization. The credit union, which has more than $140 million in assets, will operate UltraData Enterprise utilizing its own hardware in a dedicated hosting environment at Harland Financial Solutions' Enterprise Services Center in Des Moines, Iowa. Dedicated hosting enables Ledge Light FCU to operate in an outsourced model while ensuring complete flexibility without limitations. The credit union currently utilizes the FMS Investment Module from Harland Financial Solutions and will add to that the Touche(r) Customer Relationship Management Solution(r), as well as Liberty checks from Harland along with the comprehensive UltraData Enterprise core solution.
According to Thomas Casey, president and chief executive officer of Ledge Light FCU, the credit union reached the point where it needed more functionality in its core processing system, given its business strategy, the growing sophistication of its members and the competitive markets it services. "We were also looking for a company that mirrors our credit union's business philosophy. We found both in Harland Financial Solutions," Casey said.
Louisiana USA Federal Credit Union will utilize UltraData Enterprise in a service bureau environment. James Foy, president and chief executive officer said, "We were looking for a core solution that provides the flexibility we need to continually respond to changes and capitalize on industry trends. During a thorough evaluation, Harland Financial Solutions clearly demonstrated that UltraData Enterprise provides the functionality that matches our near- and long-term requirements."
Harland Financial Solutions ensures each delivery model focuses on service excellence with a client-centric approach to credit unions' ever changing business objectives.
"Offering UltraData Enterprise in-house, through a service bureau and with dedicated hosting provides our clients with the option to switch from one model to the other as their needs change," said David McConney, executive vice president and general manager of Harland Financial Solutions' Credit Union Core Systems Group. "Providing the same open and integrated solution, regardless of the delivery model selected, enables this flexibility and ensures our clients need not face another conversion."
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. The company is a leader in core systems, item processing, enterprise content management, branch automation, customer relationship management, business intelligence, origination and document solutions, risk management, compliance training, financial accounting, open documents, mortgage solutions, electronic funds transfer (EFT), self service solutions and performance advisory services.
About Harland
Atlanta-based John H. Harland Company (NYSE:JH) (www.harland.net) is listed on the New York Stock Exchange under the symbol "JH." Harland is a leading provider of software and printed products to the financial institution market. Harland's software solutions include deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems and customer relationship management systems. Harland's printed products offerings include checks, direct marketing and financial forms. Scantron Corporation (www.scantron.com), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets.
This press release contains statements, which may constitute "forward-looking statements." These statements include statements regarding the intent, belief or current expectations of John H. Harland Company and members of its respective management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Reference is made to the Risk Factors and Cautionary Statements in Harland's Form 10-K and Form 10-Q filed under the Securities Exchange Act.