Passageways Forms Alliance with CU*Answers

West Lafayette, IN. February 22^nd, 2008 – Passageways, a West Lafayette, Ind.-based portal solutions provider for financial institutions, announced an alliance with CU*Answers, a Grand Rapids, Mich.-based technology and consulting Credit Union Service Organization (CUSO), to provide the Passageways Corporate Portal Framework as the default communications portal for its credit union core processing system users.

The alliance provides each CU*Answers client with the increased ability to easily exchange secure financial information within its organization and also participate in shared communication with other credit union clients through the Passageways corporate portal.

CU*Answers will use Passageways Corporate Portal Framework internally among its 120 employees and will offer the portal framework to its 130 credit union clients in a hosted environment from CU*Answers’ headquarters. The platform is offered across various CU*Answers solutions including: CU*BASE, a member data processing system; It’s Me 247, an online banking solution; CU*EasyPay!, an online bill payment solution and CU*TALK, a voice response solution.

CU*Answers and Passageways have worked together to jointly construct a medium for credit unions to effectively collaborate internally and with their industry associates,” said Randy Karnes, CEO of CU*Answers. “Using this technology, credit union employees are able to communicate and collaborate with a wide peer group with appropriate checks, balances and safety features in place. For CU*Answers, selecting a portal partner included evaluating various portal applications and the vendors’ service philosophies within, and even outside of the credit union industry. At the end of this process, Passageways was the clear choice for us.”

“The goal of our relationship is to provide more credit unions with the opportunity to communicate more openly in a completely secure environment,” said Paroon Chadha, co-founder and vice president of Passageways. “CU*Answers’ clients now have a means to exchange information within a portal environment that can be customized to meet their individual needs. This will be a unique initiative and will usher in ground breaking collaboration among credit unions who believe in sharing and learning from each other. We are very excited that CU*Answers has chosen our collaboration platform as this will dramatically increase our footprint in the financial industry”, adds Chadha.

Passageways’ technology offers a portal framework that enables financial institutions to collaboratively organize and manage documents, content, Web sites and other corporate knowledge bases. The product suite includes many modules built specifically to enhance the productivity at a financial institution.

About CU*Answers