Co-op Services Credit Union Chooses Web Host Open Solutions Inc.

January 5, 2007
January 5, 2007 – (HOSTSEARCH.COM) – Open Solutions Inc. (http://www.opensolutions.com), an integrated enabling technologies provider for financial bodies, whose range of services include web hosting, has been chosen to provide its ‘The Complete Credit Union Solution’ solution to Co-op Services Credit Union. The credit union has around $280 million in assets and 45,000 members.

The Complete Credit Union Solution is a relational core data processing platform designed specifically for credit unions. Built on a single, centralized relational database, it is an open architecture application that integrates core data processing with member-centric applications such as Internet banking, member business services, business intelligence, financial accounting, imaging and interactive voice response solutions.

“We took the opportunity to evaluate what our credit union really needed in a core operating system, both for now and into the future,” explained Tony Carnarvon, CEO of Co-op Services Credit Union. “To get to the next level, we needed an open architecture system that was flexible and would help us gain operational efficiencies across the credit union. Our team selected Open Solutions after a process of extensive research on a range of data processing solutions. We believe The Complete Credit Union Solution will allow us to provide our members with the innovative products and services they want and need.”

“We wanted a system that was designed around the member and not an account number. Open Solutions uses a relationship-based approach that brings the entire member account relationship together in one view. With Open Solutions’ relationship management capabilities, we will be better suited to inform our members of products that meet their financial needs so we can increase and strengthen existing relationships. This is a priority because our members are very important to us,” added Mr. Carnarvon.

“Open Solutions is dedicated to continually providing our clients with the types of enabling solutions that improve the level of service they can offer their members. We have designed our technology offerings and solutions to make it easier for credit unions like Co-op Services Credit Union to offer personalized products and real-time financial solutions to their members. I am pleased they have selected Open Solutions for what we believe are the many advantages that our industry-focused solutions can give them in today’s competitive marketplace,” said Open Solutions’ Chairman and CEO Mr. Louis Hernandez, Jr.
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