Credit Union Seeks to Expand Commercial Service Offerings

GLASTONBURY, Conn.--Northern Schools Federal Credit Union has selected Open Solutions Inc.’s relational core data processing platform The Complete Credit Union Solution®, to address its enterprise-wide data processing needs. Open Solutions is a leading provider of integrated enabling technologies for financial service providers across the United States, Canada and other international markets.

Based in Fairbanks, Alaska, Northern Schools FCU has approximately $85 million in assets, four branches and 12,377 members. After an extensive evaluation process, Northern Schools FCU chose Open Solutions because of its commercial transaction processing and third-party integration capabilities.

“Northern Schools offers a broad range of services and products that are unique compared to traditional credit unions,” said Mike Lombardino, CEO of Northern Schools FCU. “We offer a complete line of products and services geared towards meeting the needs of our commercial business members. The open architecture and flexibility of Open Solutions’ platform will enable us to further break into the commercial market and better serve our member business accounts.”

Additionally, Northern Schools FCU cited the comprehensiveness and breadth of Open Solution’ platform as key factors in the credit union’s decision. Lombardino continued, “Open Solutions’ The Complete Credit Union Solution will help our credit union automate many of our manual processes, decrease our time to market with new products and services, and give us the tools to better meet the needs of our members.”

In addition to The Complete Credit Union Solution data processing platform, Northern Schools FCU is also implementing Open Solutions’ integrated solutions including cView™ (CRM/business intelligence), voice response, Consumer Loan Origination and Online ATM/Debit Cards.

“At Open Solutions, we’re committed to providing financial institutions with the necessary tools and applications needed to meet their member and commercial account needs,” said Louis Hernandez, Jr., Open Solutions’ chairman and CEO. “The open architecture of our platform supports a credit union’s growth strategies, as well as giving them the flexibility needed to quickly adapt to an ever-changing market. We look forward to helping Northern Schools FCU meet their goal of providing excellent service to their members well into the future.”

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 and Canada 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 e-mail at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions’ Internet site at www.opensolutions.com.