Mitchell and District Credit Union Chooses Portfolio Plus

Toronto, Canada – October 13, 2006: Portfolio+ Inc. is pleased to announce that Mitchell and District Credit Union has chosen Portfolio Plus as its credit union banking platform.

“Of the six vendors we looked at, Portfolio Plus had the most complete offering while also meeting our budget constraints”, said Beth Bruesch, CEO and General Manager for Mitchell and District Credit Union. “Their no-commission sales policy also made the process relaxed and comfortable. We did not feel pressured by them to make a hasty decision.”

Portfolio Plus offers a complete credit union banking software solution that is affordably priced. Portfolio Plus includes modules for web banking, loans, mortgages, term deposits, investments, accounting, retail banking, ATM/POS switch interfaces, and much more.

“We take pride in working closely with our business partners and look forward to partnering with Mitchell and District Credit Union to help them reach their financial and community objectives”, said G. Robert Leeming, president of Portfolio+ Inc. “Furthermore, we have made a strategic decision to invest more resources in the credit union market to ensure we continue to deliver the most effective solution possible.”

About Mitchell and District Credit Union

Mitchell and District Credit Union has been serving member needs for forty five years. Mitchell and District Credit Union was chartered in Mitchell in November 1960 as an alternative to chartered banks. Additional branches have since opened in Stratford, Sebringville, and Shakespeare for a total of four branches. Mitchell and District Credit Union has approximately 4,500 members and over $70 million in assets.

For more information about Mitchell and District Credit Union please refer to their website at or by phone at 519-348-8448.

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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