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FOR IMMEDIATE RELEASE
Contact:
Marvin (Mickey) Goldwasser
Open Solutions Inc.
860.652.3153
mgoldwasser@opensolutions.com
Los Angeles Firemen’s Credit Union Selects
Open Solutions’ DNA Core Data
Processing Platform
- Credit union seeks open
platform to expand member services -
GLASTONBURY, Conn.,
July 23, 2008 –
Los Angeles Firemen’s Credit Union (LAFCU), based in Los Angeles, Calif., recently selected Open Solutions Inc.’sÒ latest version of its popular
relational core data processing platform -- The Complete Credit Union
SolutionÒ: DNA to efficiently address its enterprise-wide data processing
needs. Open Solutions Inc. is a leading provider of integrated enabling
technologies for financial institutions in the United States, Canada and other international markets.
With more than $800
million in assets, LAFCU has more than 26,000 member accounts and serves
professional firefighters and their families throughout the state of California. The credit union cited Open Solutions’ flexible, open architecture as a
key factor in selecting the solution.
“Open Solutions’ platform was simply the best fit
because of its ability to support our on-going efforts in providing
tailored services to our members,” said George Kings, VP,
Information Systems for LAFCU. “Additionally, TCCUS: DNA will give
us the flexibility to not only support us now, but in the future.”
Built on a powerful OracleÒ relational database, The Complete Credit Union
Solution’s open architecture and member-centric platform is
designed to help credit unions streamline both the front- and back-office
applications with a strong focus on member service. The Open Solutions
core platform offers credit unions a centralized relationship-based view
of its specific relationships with members, employees and business
partners.
During the two-year vendor selection process, LAFCU’s entire
institution participated in the final decision. “The decision was
organizationally-driven. We work as a team, and we wanted everyone
involved to ensure we made the best decision possible for our institution
and for our members,” said Kings.
In addition
to The Complete Credit Union Solution: DNA data processing
platform, LAFCU will also implement Open Solutions’ full
cView™ CRM suite, the Financial Accounting Suite, the loan
origination system and telephone/VRU.
According
to Mike Mastro, president/CEO for LAFCU, “By partnering with Open
Solutions, we expect to expand our member services. We have an immense
respect for the firefighters of California and regard them as friends and
family. Open Solutions’ flexible, adaptable platform corresponds
with our innovative efforts to enhance our members’ financial
lives, and we are excited to work with Open Solutions moving
forward.”
“LA
Firemen’s Credit Union provides a broad and unique range of
services to enhance the quality of firefighters’ financial
lives,” said Louis Hernandez, Jr., Open Solutions chairman and CEO.
“Their dedication and commitment to serve these men and women
across the state of California is commendable, and we are pleased to work
with such an institution. LAFCU is focused on
utilizing technology and its people to drive down costs, develop new
sources of income and to generate additional business. With our
open platform, LAFCU can better support its members’ financial
needs, and we look forward to helping them expand their services and
continue to offer exceptional products.”
About Open Solutions Inc.
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, 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 throughout the world 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. 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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Copyright ©2008 Open Solutions Inc. All rights
reserved.
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