Glastonbury, Connecticut – (The Hosting News) – October 3, 2006 – Web host and integrated enabling financial technologies firm, Open Solutions Inc., has been chosen by Golden, B.C., Canada-based Columbia Valley Credit Union, to provide data processing and member service solutions.
A long-time client of Open Solutions Canada, Columbia Valley Credit Union serves more than 5,000 members and manages more than $114 million (CAD) in assets. In its 20-year relationship with Open Solutions Canada, the credit union has frequently stepped up as an early adopter of Open Solutions Canada’s technology. Over the years, it has been the first financial institution in Golden to offer ATM services, phone and Internet banking and imaged member statements. Earlier this year, Columbia Valley became the first of Open Solutionsâ€™ Canadian financial institution clients to connect to the newest version of Open Solutions Canadaâ€™s POSH switch.
Paul Pupo, General Manager at Columbia Valley commented, ”We are very pleased to continue the business relationship between our two organizations and look forward to a bright future with Open Solutions Canada as our technology partner. In the 20 years since we became a client, Open Solutions Canada has consistently provided us with the expertise, the tools, products and latest technology to allow us to differentiate ourselves from the competition and add value to our members. Operationally, our credit union is a technology-driven organization and we are excited to have access to the people and wide array of technology products Open Solutions Canada offers. Our credit unionâ€™s business strategy is simple: to operate efficiently, provide good service and give our employees the right technology tools to help them excel in their positions. We believe Open Solutionsâ€™ core technology will help us to execute on this strategy and are looking forward to our migration to the new system.”
Built on a single, centralized Oracle relational database, The Complete Credit Union Solutionâ€™s open architecture and member-centric platform is designed to help credit unions streamline both front and back office applications with a focus on improving member service.
Blair Goulet, President of Open Solutions Canada added, ” We are pleased Columbia Valley Credit Union has chosen The Complete Credit Union Solution as the technology platform to enable its continued growth and success. As the third credit union in British Columbia to announce its decision to migrate to our core data processing solution, Columbia Valley has once again demonstrated technology leadership in the interests of serving the unique needs of its members and community more effectively. This underscores our belief that any financial institution, regardless of size or geographic location, can take advantage of the flexibility inherent in Open Solutions’ core technology to support its business strategies. Open Solutions Canada welcomes this opportunity to continue our long-standing business relationship with Columbia Valley Credit Union as its trusted technology partner.”
Louis Hernandez, Jr., Chairman and CEO of Open Solutions remarked, ”In the nearly two years since Open Solutions entered the Canadian market, we have seen an increasing interest from the country’s credit union market in our proven, advanced, open technology. Today, nearly one third of Canada’s credit unions, spanning four provinces, are committed to Open Solutions’ core enterprise solution and we are pleased to welcome Columbia Valley Credit Union to that group. We believe credit unions play a key role in the financial services industry and we are dedicated to providing institutions such as Columbia Valley with the technology tools they need to help them ‘make a difference’ in the community they serve.”
Open Solutions is a provider of integrated enabling technologies for financial services providers across the United States, Canada and international markets. The credit union, which has 17 branches and more than 280,000 members, serves employees of Eastman Kodak Company, Wegmans Food Markets and other companies in the Rochester, N.Y. area. Open Solutions Inc. offers a product platform designed to integrate core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, Check 21, interactive voice response, network services, web hosting and design, and payment and loan origination solutions. Open Solutions’ full suite of products and provides services to banks, thrifts and credit unions in the United States and Canada.
For more information about Open Solutions, please visit: www.opensolutions.com.