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American Heritage Federal Credit Union Selects APPRO LoanCenter Consumer To Speed Lending Decisions

6 April 2006

Equifax today announced that American Heritage Federal Credit Union has selected APPRO LoanCenter Consumer(TM) to automate credit decisioning for its consumer lending applications. American Heritage FCU uses this system to help process loans for its members, which include more than 650 companies and 77,000 members in the greater Philadelphia area.


(Logo: http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO)


Credit union officials selected APPRO LoanCenter Consumer for its automated decisioning capabilities, consistency in delivering loan products across multiple channels and reduced turnaround time. Another key factor in American Heritage FCU's purchasing decision, APPRO LoanCenter Consumer has enabled one of Pennsylvania's top ten credit unions to provide more responsive service to its members, in part, due to the simplified application process.


"Being able to process loans quickly via an automated decision gives us a market edge in today's competitive lending industry," said Bruce Foulke, CEO and president of American Heritage FCU. "APPRO LoanCenter Consumer was easily integrated with our Symitar core systems while complementing our current philosophy, products, services and delivery channels. The combination of the system's functionality and flexibility allows us to make better lending decisions based on our own parameters while increasing our revenue and reducing expenses."


APPRO LoanCenter Consumer is an automated credit evaluation system designed to address the specific needs of consumer lenders. The solution is designed to help financial institutions increase loan volume with speed, simplicity, and consistency across all sales channels while reducing cost and risk.


"Equifax Enabling Technologies is committed to working with financial institutions to help them increase efficiencies and drive new business opportunities," said Steve Uffman, group executive, Equifax Enabling Technologies. "Our technology is designed to help financial institutions and credit unions such as American Heritage FCU reallocate resources previously devoted to manual loan processes while creating an environment to help them improve their consumer lending portfolios."


About American Heritage Federal Credit Union


Founded in 1948, American Heritage FCU's original field of membership was the employees of the Budd Manufacturing Company. In 1985, the credit union changed its name to American Heritage Federal Credit Union to reflect the change in the nature of membership and companies with which it was affiliated. Today, American Heritage FCU is one of the top 10 credit unions in the state of Pennsylvania serving over 650 companies with approximately 77,000 members. For additional information, visit http://www.amhfcu.org.


About Equifax Enabling Technologies


APPRO LoanCenter Consumer is part of Equifax's Enabling Technologies suite of decisioning solutions. Equifax's application processing, loan origination, credit risk and cross-sell solutions empower front-line employees to make better decisions. Working with Equifax Enabling Technologies, companies can gain more new, profitable customers and drive more business from their existing portfolios. For additional information about APPRO solutions, visit http://www.approsystems.com.


About Equifax Inc. (http://www.equifax.com)


Equifax Inc. (NYSE: EFX) is a global leader in turning information into intelligence. For businesses, Equifax provides faster and easier ways to find, approve and market to the appropriate customers. For consumers, Equifax offers easier, instantaneous ways to buy products or services and better insight into and management of their personal credit. Equifax. Information that Empowers.


Caution Concerning Forward-Looking Statements


Statements in this press release that relate to Equifax's future plans, objectives, expectations, performance, events and the like may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Future events, risks and uncertainties, individually or in the aggregate, could cause our actual results to differ materially from those expressed or implied in these forward-looking statements. Those factors include, but are not limited to, changes in worldwide and U.S. economic conditions that materially impact consumer spending and consumer debt, changes in demand for Equifax's products and services, our ability to develop new products and services, pricing and other competitive pressures, risks relating to illegal third party efforts to access data, risks associated with the integration of acquisitions and other investments, changes in laws and regulations governing our business, including the cost of compliance with the Fair and Accurate Credit Transactions Act and federal or state responses to identity theft concerns, and certain other factors discussed under the caption "Risk Factors" in the Management's Discussion and Analysis section of Equifax's Annual Report on Form 10-K for the year ended December 31, 2004, and in our other filings with the SEC. Equifax assumes no obligation to update any forward-looking statements to reflect events that occur or circumstances that exist after the date on which they were made.

Source: prnewswire


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