Chevron West Credit Union Selects Modern Core Platform from Open Solutions to Improve Efficiency

11/14/2011

— Flexibility and strong reporting capabilities motivate CUnify™ decision —

 

Glastonbury, Conn., November 14, 2011 – Open Solutions Inc.®, a leading provider of integrated enabling technologies for financial service providers throughout the United States, Canada and other international markets, announced today that Chevron West Credit Union has upgraded its core processing system to Open Solutions’ CUnify™ core banking platform.

 

Founded in 1950 and headquartered in Woods Cross, Utah, Chevron West Credit Union currently has over $82 million in assets and serves the employees and families of the Chevron Corporation and its subsidiaries, including Chevron Mining, Chevron Pipe Line Company and the Chevron Salt Lake Refinery. Chevron West Credit Union serves over 6,000 members through three full-service branches with personalized checking, savings, loan and electronic banking services.

 

CUnify is a full-featured core processing system that enables credit unions to gain a comprehensive view of their member relationships and meet the needs of their members with relevant products and services. The system’s automated processing streamlines operational tasks and increases back office efficiency while integrated target marketing helps credit unions focus on their most profitable activities.

 

In addition to CUnify, Chevron West Credit Union will also implement Open’s comprehensive online banking solution, CUnify Web™, as well as its full featured telephony solution, DNAvoice. The credit union will implement all three solutions in an on-demand environment through Open’s Global Operations Center.

 

“We chose to upgrade to CUnify because we wanted to serve our member community with the most up-to-date technology available,” stated Matt Ferrin, CFO, Chevron West Credit Union. “Open Solutions has an excellent relational database integrated into its solutions, which will allow us to have more robust and flexible reporting. Plus, by outsourcing all three solutions through Open’s Global Operations Center, we can improve our IT resource management and security while simultaneously cutting costs.”

 

“Chevron West Credit Union is highly regarded for offering excellent service to its members and we are proud to be a part of that process,” stated Louis Hernandez Jr., chairman and CEO at Open Solutions. “We are privileged to continue our strong relationship with Chevron West Credit Union and honored by the confidence that this well respected organization continues to place in our suite of solutions.”

 

Chevron West Credit Union

Established in 1950 by a group of employees at the Chevron Salt Lake Refinery in North Salt Lake, Utah, who shared the common goal to organize a credit union to meet their financial needs, Chevron West Credit Union is a non-profit organization, serving members as a credit cooperative. Chevron West Credit Union today independently serves over 6,000 members worldwide. The organization now operates three full-service branches with phenomenal rates and personalized service on checking, savings, loans and electronic banking. Chevron West Credit Union is committed to building members, and their families, a better future. Membership is open to any family member of an existing member, as well as the employees (and family members) of ChevronTexaco and its affiliates—including Chevron Mining Inc., Chevron Pipe Line Company and the Chevron Salt Lake Refinery. You can learn more about Chevron West Credit Union at www.chevronwestcu.org.

 

Open Solutions Inc.

Open Solutions Inc. offers a fully-featured strategic information management product platform that integrates core processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, technology services, HSAs, payments and loan origination solutions. Open Solutions’ full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States, Canada and internationally to better compete in today’s aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.

For more information about Open Solutions, visit Open Solutions at www.opensolutions.com, like us on Facebook at www.facebook.com/opensolutionsinc, and follow us on Twitter @OpenSolutionsCC.

Open Solutions Inc. is a registered trademark of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2011 Open Solutions Inc. All rights reserved.

Contact:

Hadas Streit

(646) 428-0629

hadas@allisonpr.com

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