BATON ROUGE, La. — Wolters Kluwer Financial Services has gained another partner that will use its AppOne platform to provide indirect lending, credit approval and compliance processes to lenders and dealerships.

The new partner is ASI Federal Credit Union, one of the largest Louisiana-based credit unions by membership and a certified Community Development Financial Institution.

"AppOne provides an avenue to expand our services and finance more auto loans for our members while minimizing risk and challenges related to regulatory compliance," said Bertha Montenegro, senior vice president of lending at ASI.

ASI's CDFI certification likely fits well with its primary mission of community development in economically-distressed and financially underserved areas. 

Lee Domingue, chief executive officer of indirect lending with Wolters Kluwer, sees the credit union as a good fit for both parties.

"AppOne focuses on dealer underwriting, risk mitigation, documentation and funding packages so ASI can focus on making sound credit decisions for its business," Domingue explained. 

"At the same time, we can offer another credible lending source in geographic markets that are important to our independent dealer customer base," he added.

For more information on ASI, visit www.asifcu.org.

For more information on Wolters Kluwer Financial Services, visit www.wolterskluwerfs.com.