August 27, 2006 – (HOSTSEARCH.COM) – ESL Federal Credit Union, a New York company with $2.8 billion in assets, has chosen Open Solutions Inc. (http://www.opensolutions.com), a provider of integrated enabling technologies for financial services providers across the United States, Canada and international markets (whose services include web hosting), to provide its Complete Credit Union Solution and other applications to handle enterprise-wide data processing needs.
"We've been on the same data processing platform for more than 10 years and saw gaps in the products and services we could offer our members," explained Mike Armbruster, senior vice president and CIO of ESL Federal Credit Union. "We were looking for a more modern, open architecture platform that we could easily customize and grow into. We did not want just another legacy-based system that would not be able to grow with us. We wanted a system that would allow us to meet our long-term strategic and competitive objectives."
"Ultimately, we selected Open Solutions because it has significant market share in the credit union industry and was the only vendor we found with a completely open and relational architecture," added Mr. Armbruster. "We are very focused on providing high quality products and services to our members. We have confidence that partnering with Open Solutions will help us meet our goals as our membership grows and we continue to add new products and services."
Open Solutions' technology suite was designed as an open environment application “creating the flexibility necessary for running an agile, service-oriented institution”, delivering “real-time core data processing, account creation flexibility, business functionality and embedded business intelligence capabilities to offer efficiencies for both the front and back offices”.
