Northern Schools Federal Credit Union has selected Open Solutions' 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."