Irish Credit Union Chooses Portfolio Plus

Bishopstown is First Irish Credit Union to Choose Portfolio Plus

Toronto, Canada – August 21, 2008: Portfolio+ Inc. is pleased to announce that Bishopstown Credit Union (Bishopstown) has chosen Portfolio Plus as their new strategic credit union software platform.

“We see a huge difference between our current system and Portfolio Plus," said Brian Dennehy, Branch Manager of Bishopstown. "With Portfolio Plus we will no longer be limited in what offerings we can provide to our members. Portfolio+ Inc. worked patiently and professionally with us throughout the system evaluation process, never employing aggressive sales tactics. Visiting their customers and witnessing the flexibility of the system was especially enlightening."

The credit union movement has been a powerful force in Ireland’s financial history. Three million people in Ireland, out of a population of just over 6 million, are members of a credit union. The total asset base of credit unions in Ireland is over Ђ12.6 billion. In addition, there are over 9,200 active volunteers in the credit union movement, and over 3,500 people employed. The majority of credit unions in Ireland belong to the Irish League of Credit Unions, which represents over 530 credit unions.

“We’re looking forward to seeing Bishopstown Credit Union converted to Portfolio Plus so we can help them grow beyond their current system limitations,” said G. Robert Leeming, President of Portfolio+ Inc. “Working with the team from Bishopstown has been an absolute pleasure and we look forward to investing and expanding in Ireland.”

Portfolio Plus enables banks, trust companies, virtual banks, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage. Portfolio Plus, with its Plug-In BankingTM architecture, allows financial organizations to add functionality as they require it, making it one of the most versatile solutions in the market.

About Portfolio+ Inc.

Portfolio+ Inc. connects financial institutions with customers and partners using innovative technologies. Its software solutions and open banking technology are used by financial institutions in Canada, Ireland, and the UK. With its powerful +Open Banking Platform and fully documented APIs, Portfolio+ has the power to connect banks, credit unions, and financial institutions with an evolving ecosystem of financial services technology that is putting everyday customers in control of their financial data.

Located in the Greater Toronto Area (GTA), Portfolio+ is used by 6 of the 7 largest financial institutions in Canada and is a part of Volaris Group Inc.


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