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CGI Credit Union Solutions and Services announces new Loan Origination Solution
CGI Credit Union Solutions and Services (Canada) announced a partnership
with Niagara Credit Union for the evolution and distribution of their
?Niagara Navigator? loan origination solution. Niagara Navigator
is a feature-rich solution that enhances the functionality of CGI?s
existing CyberBranch Loan Navigator package. The combination of these
two powerful systems will be known as EP Lender ? an extension of
the CGI Employee Portal solution. EP Lender provides the following additional
features:
- Supports up to four co-applicants.
- Supports line-of-credit, consumer, mortgage, and credit card loans.
- Integrated mortgage and loan insurance and credit bureau access.
- Credit Union defined parameters for credit scoring.
- Generates loan-processing forms using Crystal Reports.
- Performs security tracking.
- Performs management analysis.
?CGI Credit Union Solutions and Services is here to serve our credit
unions and their members. We are enthusiastic about the feature-rich functionality
our clients will receive with the addition of Niagara Navigator, ?
commented Gilles Godbout, Sr. Vice President, Credit Union Solutions and
Services. ?The combination of the Niagara and Loan Navigator solutions
will allow our credit unions to better serve their members ? and
that is what we feel is most important. ?
Built ?by credit unions for credit unions? Niagara Navigator
supports Niagara Credit Unions philosophy of gathering only the minimum
amount of data required for the credit decision. Its web-based user interface
supports CGI?s strategy to deliver financial services solutions over
the Internet.
?We are pleased that CGI has chosen our loan origination solution
as a key component of their financial services delivery strategy,?
says Andy Neale, Vice President Business Administration and Technology
for Niagara Credit Union. ?We?re confident that CGI?s clients
will be as satisfied with the implementation as our management and lending
staff have been.?
Under the terms and conditions of the agreement, CGI will acquire a copy
of the source code to integrate with its employee portal user interface
for ASP (Application Service Provider) delivery to clients. CGI will also
be responsible for the evolution of the loan origination software for
its clients.
About Niagara Credit Union
Established in 1945, Niagara Credit Union is the largest Community Credit
Union in Ontario serving more than 83,000 members in Niagara with a full
range of savings, loans, mutual funds and other financial services. With
fifteen branches throughout Niagara, NCU has over 450 employees and over
$1.2 billion in assets, and operates commercial Banking Centres in St.
Catharines, Welland and Virgil. Membership at Niagara Credit Union is
open to all Niagara residents and businesses.
About CGI
Founded in 1976, CGI is the fourth largest independent information technology
services firm in North America, based on its headcount of more than 13,000
professionals. CGI?s annualized revenue run-rate totals US$1.3 billion
(CDN$2.0 billion). CGI?s order backlog currently totals US$6 billion
(CDN$9.3 billion). CGI provides end-to-end IT services and business solutions
to more than 3,000 clients in the United States, Canada, the United Kingdom,
France, India, Japan, and Australia from more than 60 offices in more
than 20 countries. CGI?s shares are listed on the NYSE (GIB) and
the TSE (GIB.A). They are included in the TSE 300 Composite Index as well
as the S&P/TSE Canadian Information Technology and Canadian MidCap
Indices. Website: www.cgi.ca.
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