Burnaby, BC, Canada-based G&F Financial Group Selects Open Solutions' Advanced Relational Data Processing Technology; System Flexibility and Expanded Functionality Will Enhance Credit Union's Service to Members.

GLASTONBURY, Conn. -- G&F Financial Group, the eleventh largest credit union in the province of British Columbia, Canada, has selected Open Solutions Inc.'s(R) (NASDAQ: OPEN) core enterprise platform, The Complete Credit Union Solution(R), and a comprehensive suite of Open Solutions' complementary products to meet its enterprise-wide data processing and member servicing needs. Open Solutions is a provider of integrated enabling technologies for financial services providers across the United States, Canada and international markets.

G&F Financial Group has delivered trusted service to its members since 1940. The credit union evolved from a closed-bond institution serving the commercial fishing industry in a strictly defined geographic area to a broad-based, full-service and community-focused financial services provider. In 2004, G&F Financial Group merged with United Savings Credit Union, resulting in an organization that today has more than CDN $875 million in assets under administration and serves more than 28,000 members through a network of 11 branches located throughout British Columbia's Lower Mainland area.

"We believe the migration to Open Solutions' new technology platform will be an important step towards ensuring our competitiveness in the years to come," said G&F Financial Group Chief Executive Officer Richard Davies. "Although technology is not a competitive advantage in itself, it both enables and supports the goals, mission and values of an organization. G&F Financial Group differentiates itself in the marketplace primarily on the basis of relationship. We believe Open Solutions' application offering will provide the technological foundation to support our ultimate goal - fostering stronger relationships with members and an environment 'Where Members Belong(TM),'" Davies continued.

Built on a single, centralized Oracle(R) relational database, The Complete Credit Union Solution's open architecture and member-centric platform is designed to help credit unions streamline both front and back office applications with a focus on improving member service. To complement the core enterprise system, G&F Financial Group will also implement Open Solutions' cView(TM) (customer relationship management and business intelligence); financial accounting suite; asset/liability management; ProfitVision; and Digital Document applications.

"We believe the suite of core and ancillary products we have selected will provide us with the powerful tools we need to meet our members' ever-changing and growing financial needs. In addition to providing core banking operations and an intuitive front-end interface, The Complete Credit Union Solution offers a significant extension in functionality over our existing banking system. Features such as driver's license scanning, digital signature capture, electronic document management, fully integrated CRM system, real-time data access and reporting, will enhance the service our credit union is able to provide to our members," Davies added.

Open Solutions Canada President Blair Goulet, said, "When a financial institution makes a core technology decision it is making a strategic investment in the future. We are pleased G&F Financial Group entrusted this investment to Open Solutions and has selected our technology platform to support its continued growth and success. We look forward to continuing our long-standing relationship with this progressive credit union by ensuring we provide superior technology, choice and flexibility, and unparalleled client service."

Louis Hernandez, Jr., chairman and CEO of Open Solutions stated, "G&F Financial Group is one of the leading credit unions in British Columbia and we are pleased this member- and service-focused organization has selected our open, relational technology to underpin its service and business strategies. Like most Canadian credit unions, G&F Financial Group operates in a highly competitive and increasingly complex environment. As competition and regulations increase, so does the need for newer technology that enables credit unions to respond to the rapidly evolving needs of their members and regulators in a way, we believe, legacy systems cannot. More and more credit unions in North America are recognizing that only truly open architecture can give them the flexibility to meet the needs of both, by providing innovative products and services through the front office and streamlined, efficient processing in the back office. We look forward to providing G&F Financial Group with the advanced technology they need to achieve their very aggressive growth strategies."

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, 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 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 email at [e-mail] 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 2006 Open Solutions Inc. All rights reserved.

Safe Harbor Statement

Statements made in this press release that state Open Solutions Inc.'s or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. All forward looking-statements are only as of the date of this press release and Open Solutions Inc. undertakes no obligation to update or revise them. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause Open Solutions Inc.'s actual results to differ materially from those projected in such forward-looking statements. For example, if we fail to adapt our products and services to changes in technology or in the marketplace, we could lose existing clients and be unable to attract new business. Factors which could cause our actual results to differ materially from those projected in forward-looking statements include, without limitation, economic, competitive, governmental and technological factors affecting the banking and credit union industry and/or Open Solutions Inc.'s operations, markets, products, services, prices and other factors set forth under the heading "Factors Affecting Future Operating Results" in Open Solutions' Quarterly Report on Form 10-Q for the three months ended March 31, 2006, as filed with the Securities and Exchange Commission.

Editors 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.