Canadian-based Aldergrove Credit Union Selects Open Solutions’ Technology Platform

Core Solution and Complementary Products Will Help Drive Growth and Expansion

GLASTONBURY, Conn.--(www.allCUnews.com)--Aldergrove Credit Union, located in the heart of the Fraser Valley of British Columbia, Canada, has selected Open Solutions Inc.’s® The Complete Credit Union Solution®, as its core banking system platform. The credit union will also implement Open Solutions’ financial accounting suite, its asset/liability management and budget planning product, report viewing and archiving capability and electronic signature capture. Open Solutions is a leading provider of integrated enabling technologies for financial institutions worldwide. Aldergrove Credit Union offers a full slate of financial products and services, including financial planning and wealth management.

Aldergrove Credit Union’s roots are in the agricultural community and it serves its 20,000 members through five branches located in the Fraser Valley just outside the Greater Vancouver area. The Fraser Valley is also one of fastest-growing regions in British Columbia and is home to some of Canada’s largest financial institutions – including three of the country’s top five credit unions.

In the face of this stiff competition, Aldergrove Credit Union’s Chief Executive Officer Gus Hartl said, “Our organization distinguishes itself by consistently providing the kind of personal service our members have come to expect from a credit union that has a 50-year history in the community. Growth and expansion are strategic objectives, but so is the ability to remain nimble and responsive to members’ needs while maintaining the personal touch.”

Hartl and his team selected Open Solutions’ technology to support these objectives, both today and into the future. “The banking system is progressive, scalable, flexible and compatible with the way we do business at Aldergrove Credit Union,” said Hartl. He further explained that a flat organizational structure and strong focus on operating efficiency enable the credit union to offer very competitive rates in addition to its personal service.

Aldergrove Credit Union’s selection of Open Solutions Canada as its technology partner continues a long-time business relationship between the two organizations. “We view our relationship with Open Solutions Canada as a partnership, in that we share a common goal – meeting members’ needs,” said Hartl. “There is a high level of comfort and trust between us, and we look forward to working together with Open Solutions Canada in the years to come, as we continue to build and grow our credit union.”

Open Solutions Canada President Blair Goulet said, “Aldergrove Credit Union clearly demonstrates how an efficiently run organization that also cares about its members will not only survive, but thrive in a highly competitive financial services marketplace. Our member-centric banking system is an excellent fit with Aldergrove Credit Union’s ‘member-first’ philosophy. We are particularly pleased the credit union considers Open Solutions Canada its partner because it is through this ‘spirit of partnership’ that we can identify and deliver solutions that meet the credit union’s needs.”

Louis Hernandez, Jr., Open Solutions chairman and CEO, said, “We are delighted Aldergrove Credit Union has extended its business relationship with Open Solutions and selected our technology to help it continue taking good care of its members, to grow its business and prosper. We are grateful for the confidence and trust of long-time clients such as Aldergrove Credit Union and are committed to helping them succeed.”

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 worldwide 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 2007. Open Solutions Inc. All rights reserved.

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.

Contacts
Open Solutions Inc.
Marvin (Mickey) Goldwasser, 860-652-3153
mgoldwasser@opensolutions.com
or
Media Contact for Open Solutions Inc.
Andrew McCaskill, 678-781-7210