Open Solutions Inc.

FOR IMMEDIATE RELEASE

Contact: Marvin (Mickey) Goldwasser
Open Solutions Inc.
860.652.3153
mgoldwasser@opensolutions.com

Gulf Coast Community FCU Enhances Core Functionality; Selects Open Solutions’ Enterprise-Wide Data Processing Platform

--Progressive credit union to better serve members needs
following devastation of Hurricane Katrina--

GLASTONBURY, Conn., Feb. 14, 2008 – Gulf Coast Community FCU announced it has selected Open Solutions Inc.’s The Complete Credit Union Solution® -sme (Standard Market Edition) to address its enterprise-wide data processing needs. TCCUS-sme is an open relational core system designed to be a full-featured, easily implemented and competitively priced solution targeted toward the more traditional credit union market. Open Solutions is a leading provider of integrated enabling technologies for financial service providers across the United States, Canada and international markets.

Based in Gulfport, Miss., Gulf Coast Community FCU has approximately $62 million in assets, three branches and serves more than 10,000 members. As the first credit union in the nation to receive a dual-county community charter, Gulf Coast Community FCU has experienced tremendous growth. To better serve its members and the surrounding community, the credit union recognized the need for a more advanced, yet user-friendly core platform. The credit union plans to implement TCCUS-sme in June 2008.

“During the evaluation process, we were impressed with the advanced functionality of Open Solution’s technology,” said Debbie Pidek, EVP of Financial Services for Gulf Coast Community Federal Credit Union. “Specifically, the open architecture and relational database. We have a unique sales culture and are always looking for tools to make our sales team more successful and efficient. Open Solutions was the only platform we felt could truly meet our current needs, enable us to better serve our members and meet our future needs as we continue to grow and expand. Additionally, the ease of navigation and the intuitive design of the solution will enable our employees to pull member information very quickly, increasing our ability to respond to member inquiries.”

Gulf Coast Community FCU is located in an area that was devastated by Hurricane Katrina. As one of the first credit unions in the area to reopen following the storm (just three days later) and one of the first businesses to open a new office in downtown Gulfport, Mi ss., the credit union is truly focused on serving the community and its growing member-base. With plans for additional branches, the credit union cited TCCUS-sme’s ability to support future growth as one of the primary deciding factors during the selection process.

“Despite the challenges we faced following Hurricane Katrina, we are confident that with the assistance of Open Solutions’ sophisticated technology offerings, and we are well-positioned to continue serving the needs of our community well into the future,” said Pidek. “We were very impressed with the open architecture of the system and are looking forward to the advanced integration and interface capabilities we expect to gain. Additionally, we are excited that with Open Solutions, we can “go green” and be virtually paperless. Our area was basically destroyed by a natural disaster and as a result, we’ve made it a priority to be more environmentally conscious and encourage our members to do the same. We have great respect for the experienced team at Open Solutions and look forward to a long-standing relationship.”

Since its launch in 2006, TCCUS-sme continues to gain momentum among more traditional credit unions seeking a lower cost solution with significant functionality. Built on a powerful, centralized relational database, TCCUS-sme is designed to be an open architecture application, creating the flexibility necessary for running a service-oriented financial institution. It helps credit unions streamline both front and back office processes and creates a centralized member view. With TCCUS-sme, credit unions can select either the in-house or outsourced processing option to support its initiatives.

Open Solutions provides credit unions with a fully featured strategic product platform, integrating core data processing with strategic applications such as Internet banking, business intelligence, financial accounting applications, electronic imaging, payment and interactive voice response solutions. In addition to TCCUS-sme, Gulf Coast Community Federal Credit Union is also implementing Open Solutions’ integrated solutions including digital document systems, interactive voice response and home banking.

“Gulf Coast Community FCU is a forward-thinking institution that realizes the importance of implementing a modern technology infrastructure to support its overall business goals,” said Louis Hernandez, Jr., chairman and CEO of Open Solutions. “This credit union in particular clearly understands the importance of leveraging technology to better serve its members. As the community and the area continue to overcome the devastation of Hurricane Katrina and rebuild, we look forward to serving as the credit union’s technology and business partner. Credit unions of all sizes can benefit from our relationship-based product line. TCCUS-sme gives credit unions like Gulf Coast Community FCU the opportunity to take advantage of our underlying open architecture model, without the need to implement features and functionality they don’t require. We are delighted to assist Gulf Coast Community FCU with its short and long-term objectives.”

About Open Solutions

Open Solutions Inc. offers a fully featured strategic information management product platform that integrates core data 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, network 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 or its financial product line, contact Mickey Goldwasser by email at mgoldwasser@opensolutions.com or by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions’ Internet site at www.opensolutions.com.

Open Solutions Inc. and The Complete Credit Union Solution are registered trademarks of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2008 Open Solutions Inc. All rights reserved.

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Editor’s Note: The correct usage of the company name, Open Solutions Inc., is either referring to it as Open Solutions Inc. or Open Solutions. Open Solutions no longer uses the acronym of OSI to refer to the company.

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