Merging Credit Unions Agree on KnowledgePortal360 to Facilitate Transition

LAS VEGAS, Nevada, July 18, 2008 (allCUnews) – To create a single business and culture from the merger of two organizations, Summit Credit Union (Summit CU) and Great Wisconsin Credit Union, has selected TFactor, Inc.’s KnowledgePortal360 as its training and eLearning platform. KnowledgePortal360 is a comprehensive web portal that empowers organizations to create, deliver, and manage a diverse range of classroom, web conference and e-Learning curriculum.

The merged credit unions, which will be known as Summit CU has chosen to take advantage of the enterprise features of the KnowledgePortal360 and Software-as-a-Service (SaaS) solution model for the KnowledgePortal360 implementation.

Utilization of the system will begin immediately. KnowledgePortal360’s web conferencing functionality will facilitate “face-to-face” collaboration as the combining staffs plan the transition.

A diligent evaluation process of the market-leading solutions available was led by Tracy Nelson – VP of Training & Development, Kimberly Frederickson – AVP Operations Training, and Tony Klubertanz - AVP Organizational Training. Tony provided the following comments on the decision to partner with TFactor: “As the new leadership team in Training & Development, we were looking for a solution that would allow us to make a leap forward for our members, employees, and the combined credit union. We reviewed a number of systems and determined that the KnowledgePortal360 was that system. Functionality, ease of use, support, and of course cost, were all factors in KnowledgePortal360’s favour.”

TFactor President, Terry Omojola, announced the contract signing: “We are proud to have been selected by the largest credit union in Wisconsin. That KnowledgePortal360 was deemed superior to many very strong competitive solutions confirms our strategy of focusing on the financial services market with a customized solution and learning content.”

Summit CU will roll out its new training curriculum over the next few months, including off-the-shelf courseware and custom modules like Product Knowledge courses developed with the integrated CourseBuilder.

About Summit Credit Union
Established in 1931, Summit Credit Union is a member-owned financial cooperative serving southern Wisconsin. The Credit Union’s current asset size is $812 Million and serves 65,000 members with 13 locations throughout the Madison and Milwaukee areas.
For more information, visit www.summitcreditunion.com [1].

About Great Wisconsin Credit Union
Great Wisconsin Credit Union (formerly CUNA Credit Union), was chartered on September 14, 1935 in Madison, WI to serve the community and employees of CUNA Mutual Insurance Group and CUNA and Affiliates.
Originally offering only basic savings and loans, the credit union is now a full-service financial institution that offers a full range of competitive financial products including business loans.

Great Wisconsin Credit Union has $428 million in asset and nine locations serving over 46,000 members. Membership is open to anyone in Wisconsin.

About TFactor, Inc.
TFactor, Incorporated develops technology solutions that enable cost effective execution of business strategy. The company develops and markets proven solutions for e-Learning and e-Marketing.

The company delivers competitive advantage through off-the-shelf or custom developed software applications, interactive web functionality, multimedia development, and database design for clients that include Anheuser-Busch Employee Credit Union, City and County Credit Union, Fiscal Credit Union, KeyPoint Credit Union, Los Angeles Police Federal Credit Union, Orange County’s Credit Union, SCE Federal Credit Union and Xceed Federal Credit Union.

For more information about TFactor solutions, please visit the company’s web site at www.tfactor.com [2].