Irish Credit Union Chooses Portfolio Plus

Bishopstown is First Irish Credit Union to Choose Portfolio Plus

Toronto, Canada – August 21, 2008: Strategic Information Technology Limited (“SIT”) 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 SIT's 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. SIT worked patiently and professionally with us throughout the system evaluation process, never employing aggressive sales tactics. Visiting SIT's 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 €12.6 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.

“At SIT 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 SIT. “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 Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In Banking^TM architecture and a Financial Services Bus^TM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables credit unions, banks, trust companies and building societies to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit cards, leasing, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

SIT can be reached at (http://www.stratinfotech.com) or by phone at 905-640-0808.

Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.

For more information:
Patrick Lannigan
Strategic Information Technology
Telephone: 905-640-0808 x356
Email: patrickl@stratinfotech.com