Canadian-based Aldergrove Credit Union Selects Open Solutions' Technology Platform.Core Solution and Complementary Products Will Help Drive Growth and Expansion GLASTONBURY, Conn. -- Aldergrove Credit Union The Aldergrove Credit Union is a credit union in Aldergrove, British Columbia, Canada with approximately 20,000 members and assets around $315m CAD.[1] History , located in the heart of the Fraser Valley Fraser Valley is the section of the Fraser River basin in southwestern British Columbia downstream of the Fraser Canyon. The term is sometimes used to refer to the Fraser Canyon and stretches upstream from there, but in general British Columbian usage the term refers to the stretch of British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Canada, has selected Open Solutions Inc.'s[R] The Complete Credit Union Solution[R], as its core banking system platform. The credit union will also implement Open Solutions' financial accounting suite, its asset/liability management Asset/Liability Management A technique companies employ in coordinating the management of assets and liabilities so that an adequate return may be earned. Also known as "surplus 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 Any political party or faction that seeks to form a majority in a parliament or on a board of directors or other responsible body typically must run a full slate if only to demonstrate that they have the capacity to attract the talent to fill every position with some person, even if that of financial products and services, including financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against 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  This article has no lead section.To comply with Wikipedia's lead section guidelines, one should be written. 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 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 data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a applications built on a single centralized Oracle[R] relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. , 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
Danziger Goldwasser (German: Gold water of Danzig 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 (1) (Open System Interconnection) An ISO standard for worldwide communications that defines a framework for implementing protocols in seven layers. Control is passed from one layer to the next, starting at the application layer in one station, proceeding to the to refer to the company. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion