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$697 Million Mid-Hudson Valley Federal Credit Union Selects Open Solutions' DNATM Platform.

-- Credit union cites better technology and long term solution for their unique needs --

GLASTONBURY, Conn. -- Open Solutions Inc.([R]), a leading provider of integrated enabling technologies for financial service providers across the United States, Canada and other international markets, announced today that Mid-Hudson Valley Federal Credit Union (MHV) has selected Open Solutions' DNA(TM) core platform.

MHV is a not-for-profit, member-owned, financial cooperative offering a full array of financial services to meet the needs of its members. MHV is a strong advocate of the credit union philosophy of "People Helping People" and has been providing outstanding member service since 1963, when it opened as IBM Kingston Employees Federal Credit Union. In 2002, MHV became a community credit union, extending membership to anyone who lives, works, worships, volunteers or attends school - and businesses and other legal entities - in Ulster, Dutchess or Orange County, NY.

MHV is now one of more than 400 financial institutions running Open Solutions DNA core solution, which capitalizes on the strength of Open Solutions' unique universal data model and design. That design, and its member-centric processes, greatly enhances the workflow, flexibility and productivity at credit unions running the system.

"We were attracted to the DNA platform because of our unique branding needs, and we have never been shy about adopting new groundbreaking technology and understand the continuing potential of DNA," stated David Kellogg, Chief Information Officer at MHV. "We were impressed at the ability to adapt the software specifically for our uses, and found that this was not only the best long term solution, but truly the most innovative technology available."

In addition to DNA, MHV also selected cView, the company's relationship management solution; tMagic teller capture for item processing; and Verifast member authentication solution. MHV also will be the first Open Solutions' client to use uGenius PTM terminals.

"Open Solutions' not only brings a wealth of experience to the table, we offer community based financial institutions the most modern and proven technology platform available today," stated Louis Hernandez, Jr., chairman and CEO of Open Solutions. "The flexibility of our technology enables credit unions such as Mid-Hudson Valley Federal Credit Union the ability to adapt this technology to their distinctive needs which then creates the opportunity to differentiate themselves in today's marketplace. This is an area in which Open Solutions' shines, and we are thrilled and proud to be working with such a distinguished and well established institution such as Mid-Hudson Valley Federal Credit Union."

Open Solutions Inc.

Open Solutions Inc. offers a fully-featured strategic information management product platform that integrates core processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, technology services, HSAs, payments 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 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, visit Open Solutions at

Open Solutions Inc. is a registered trademark of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2011 Open Solutions Inc. All rights reserved.

About MHV

Mid-Hudson Valley Federal Credit Union is a member-owned credit union serving individuals and businesses throughout Ulster, Dutchess and Orange counties. Since 1963, MHV has helped to make our members lives easier by providing complete and convenient financial solutions. As a credit union strongly influenced by technology, member experience is driven by innovation, reliable service and easy access. MHV offers a complete array of personal and business banking solutions, low rate financing, 24/7 Personal Teller and convenient e-Services to our members. Please visit for more information.

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.
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Publication:Business Wire
Date:Feb 28, 2011
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