Open Solutions Inc.

FOR IMMEDIATE RELEASE

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

Open Solutions’ Member-Centric Relationship-based Core
Processing Platform Gains Momentum

–Provider adds three credit unions to growing family of clients –

GLASTONBURY, Conn., June 5, 2008 – Open Solutions, a leading provider of integrated, enterprise-wide data processing technologies for banks and credit unions throughout the United States, Canada and other international markets, announced three credit unions have selected The Complete Credit Union Solution® -sme (Standard Market Edition) to address their 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.

The credit unions are Premier Federal Credit Union in New Holstein, WI ($53 million); Eaton County Educational Credit Union in Charlotte, Mich. ($25 million); and Desertview Federal Credit Union in Huntington, UT ($27.7 million). To better serve their members and surrounding communities, the credit unions all cited the need for a more advanced, yet user-friendly core platform.

According to Jerry Tiedt, president of Premier FCU, “As the only credit union in Holstein, WI, Premier FCU competes solely with local banks for business. To remain competitive and increase our member wallet share, we needed a system that would support new products and services. With Open Solutions’ core processing platform, we will market more effectively to current and prospective members, enabling us to grow our institution. Moving to Open Solutions’ platform was an easy decision. “

Ken Huber, CEO for Eaton, cited Open Solutions’ open architecture as a key factor in selecting its core data processing platform. “The open platform provides pertinent data to front-end staff, enabling them to cross sell and better serve members. With Open Solutions TCCUS-sme, we can quickly offer relevant products by tailoring to member profiles. Alternately, the platform is exceptionally user-friendly. Because of it intuitiveness, the learning curve is minimal, therefore staff is more productive.”

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.

Mike Nelson, president of Desertview FCU, said, “By selecting Open Solutions’ platform, we will remain a competitive institution. Our strategic initiative to provide excellent member service is supported by our partnership with Open Solutions, and we are confident that its core platform will enable us to continuously grow.”

Additionally, 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.

“Open Solutions has a strong commitment to its credit union clients of all sizes,” said Louis Hernandez, Jr., chairman and CEO of Open Solutions. “Credit unions require technology that fits their needs and processing requirements and Open Solutions demonstrates its commitment to flexible alternatives by offering relationship-based solutions for institutions of all sizes that are designed to meet their particular core processing needs. We are pleased to welcome Desertview, Premier and ECECU, and we look forward to providing them with a platform that enables enhanced service capabilities and increased competitiveness.”

About Open Solutions Inc.

Open Solutions Inc. offers a fully featured strategic 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 tools, imaging, digital documents, Check 21, interactive voice response, network services, Web hosting and design, 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 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 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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