Fairfax, VA, April 30, 2008 — FedComp Inc., a provider of core data processing software and systems to over 1,200 credit unions, today announced they have released their most advanced Credit Union technology solution - FedComp PLATINUM.  “Our growing family of Credit Union partners has contributed extensively to the designing of our most sophisticated core data processing system ever.  FedComp PLATINUM delivers the power and processing necessary to drive even the largest credit unions,” said FedComp’s President, Derrick Smith. 

For over 25 years FedComp has served the Credit Union Movement and “as a core provider, we’re constantly looking to deliver online and in-house solutions our Credit Unions need to compete effectively in their markets,” said Jim Jessee, FedComp’s Director of Operations.   Among the significant new features included are: Power Teller System, Enhanced Lending, Inventory Management & Reconciliation, Integrated Credit Card Payments, Member Relationship Management, Relationship Pricing, Cross-selling, Virtual File Cabinet, User-defined Wallpaper and Screen Colors.

PLATINUM adds powerful functions to the traditional FedComp platform permitting better use of time and speed to process member requests and get them on their way quickly.  Loan application tracking of Enhanced Lending enables the recall of a member’s complete loan package in seconds and Virtual File Cabinet makes storage and recall of documents effortless.  PLATINUM'S new Member Information System enables clear and concise understanding of all the Credit Union’s member and non-member relationships with just a click of the mouse.  Credit Unions can customize their screens with wallpaper and colors.  These are just a few of the many enhancements benefiting a Credit Union of any size. 

“As a Sustaining Resource, FedComp is applying our knowledge and expertise to serve the needs of the broader credit union market,” said Derrick Smith, President.