Fincentric Corporation

Fincentric Corporation

July 21, 2005 07:00 ET

Canada's Third Largest Credit Union Selects Fincentric

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 21, 2005) - Fincentric Corporation announced today that Meridian Credit Union, the third largest credit union in Canada has selected Fincentric and its Microsoft-based banking system to deliver banking services to Meridian's 180,000 members. Formed earlier this year through the merger of Niagara Credit Union and HEPCOE Credit Union, Meridian needed a banking platform, which combined the flexibility to meet its technology vision and business objectives with industry leading vendor support. Deployed at the former Niagara Credit Union since 1999, Fincentric's banking system will be extended to the former HEPCOE Credit Union branches and integrated into Meridian's overall operations.

"Fincentric's system had been selected by Niagara Credit Union due to its market leading combination of functionality, stability, and reliability which continues to exceed other core banking systems today," said Steve Gesner, CIO, Meridian Credit Union. "We've been able to continually roll out new product features to meet the needs of our members with a platform our employees find very easy to use. This combination plus the maturity of Fincentric's banking system gives us a real competitive advantage moving forward, and easily accommodates our growth plans."

Gesner acknowledges that Fincentric's value-added partnership over the years significantly attributed to Meridian's selection. "Fincentric's product direction and road map are well-aligned with our company's plans," he added. "So we're able to leverage our current investment even further. We have a clear vision of what's coming next and that knowledge helps us to significantly plan for the future and to effectively support the needs of our members."

"Our success with Meridian Credit Union is a significant accomplishment for Fincentric," said Robert Nygren, president and CEO, Fincentric. "This deal illustrates the valuable partnership we continue to bring to existing clients and to Canadian credit unions with our more than twenty years of technology expertise."

About Meridian Credit Union

Meridian Credit Union is Ontario's largest credit union serving more than 180,000 members in the communities of Niagara, Guelph and much of south central Ontario with a full range of banking, wealth management and credit products and services. With 43 branches and seven Commercial Banking Centres located throughout Ontario, the credit union has 900 employees and over $3.5 billion in assets. For more information, visit www.meridiancu.ca.

About Fincentric

Fincentric Corporation is a leading provider of core retail banking and customer value management software to the global financial services industry. Fincentric's Wealthview™ family of integrated products enables financial institutions to leverage customer knowledge to deliver personalized service and product offers, and develop profitable customer relationships. Fincentric has strategic alliances with TELUS, Microsoft and Intel, and supports financial institutions in over 25 countries. For more information, visit www.fincentric.com.

Fincentric and Wealthview are trademarks of Fincentric Corporation. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

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