MINNEAPOLIS — Alliance Institutional Services, LLC, a business services CUSO, has linked up with Wolters Kluwer Financial Services to offer compliant business lending documentation.
Paducah, Ky.-Alliance offers owner and non-owner credit unions business lending, deposit, and consulting services. The CUSO was originally formed by C-Plant Federal Credit Union with plans to expand its ownership to five or six credit unions over the next 90 days, expanding the asset base behind Alliance to well over $1 billion, according to Wolters Kluwer.
Alliance will use Wolters Kluwer's Rembrandt Lending System for lending documentation.
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"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," said Travis Clem, president of Alliance. "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."
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