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Open Solutions Hosts Credit Union CEO/Directors Forum

02:07:41 - 19 October 2006

Open Solutions Inc., recently hosted its annual Credit Union CEO/Directors Forum in Carlsbad, Calif. The event provided an open, educational forum for credit union executives and key Open Solutions management to discuss industry trends, best practices and exchange valuable information on issues facing credit unions today. Open Solutions is a provider of integrated enabling technologies for financial institutions in the United States, Canada and internationally.

The information provided at the CEO/Directors Forum is invaluable, said Larry Tobin president and CEO of FAIRWINDS Credit Union. Open Solutions gives its clients the opportunity to attend educational sessions, get product demonstrations and network with executives from other credit unions. Information from the conference has given me a more thorough understanding of current compliance and legislative issues affecting credit unions. Open Solutions management team listens to the feedback and comments from clients, and I feel they truly understand what we are facing.

Attendees heard keynote addresses from Open Solutions Chairman and CEO Louis Hernandez, Jr. and Gary Daniel, SVP and general manager, Credit Union Group. Notable presentations from staff, clients, analysts and industry leaders included: Cyber Security Risks, Solutions and Examiner Expectations; Net Promoter; Information Security and Risk Management; Check 21 and Image Exchange; and Regulatory and Compliance Readiness.

The Open Solutions CEO/Directors Forum was one of the most rewarding sessions I have attended, said Al George, chairman of the North Island Credit Union board. Outstanding presenters provided very timely and useful information that is pertinent to me as a director and to our credit union in general. It was also great to meet Open Solutions outstanding team of professionals.

Daniel said, The Credit Union CEO/Directors Forum gave us an excellent opportunity to gain insight on the many and ever-changing issues facing credit unions. At Open Solutions, we dedicate ourselves to serving the credit union industry through both technology and service. We believe that through consistent interactive communication, we can better serve our credit union clients to ensure their success. We plan to improve and continue this event next year and look forward to providing more resources for our credit union clients.

Louis Hernandez, Jr., Open Solutions chairman and CEO, said, Open dialogue with our clients and two-way communication are very important to Open Solutions. This special event allows Open Solutions and our credit union clients to learn more about industry trends and exchange business strategies and solutions. Our clients provide observations and suggestions on their technology interests and needs, enabling us to respond quickly to their concerns.

About Open Solutions Inc.

Open Solutions Inc. (www.opensolutions.com) 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, and payment 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 todays aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.

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