Award Winning Maps Credit Union Selects Open Solutions’ DNA™ Platform with Eye Toward Future
Glastonbury, Conn., January 17, 2012 – Open Solutions Inc.®, a leading provider of integrated enabling technologies for financial service providers throughout the United States, Canada and other international markets, announced today that Marion & Polk Schools Credit Union (Maps Credit Union) has selected Open Solutions’ DNA™ platform for its core processing needs.
Founded in 1935, Maps Credit Union is headquartered in Salem, Ore. and serves over 40,000 members across nine branches. This $400 million asset credit union is an industry innovator, collaborating with other credit unions to form Credit Union Service Organizations (CUSOs) that help save members money while boosting participants’ bottom lines. Sharing Open Solutions’ dedication to industry advocacy, both Maps Credit Union and its CFO, Kevin Cole, have won awards from the Northwest Credit Union Association for their political engagement and awareness-raising efforts around the important role of community based financial institutions in our economy and lives.
After considering core systems from several providers, Maps Credit Union ultimately chose Open Solutions’ DNA platform for its architectural openness, future-forward design and ability to streamline the credit union’s business operations. Using .NET technology, DNA employs a unique member-centric data model that will greatly enhance Maps Credit Union’s workflow, flexibility and productivity. The platform is built on a powerful, centralized Oracle relational database that will allow the credit union to easily customize and enhance the platform with DNAapps™ from Open Solutions, third-parties, and other DNA users. Maps Credit Union will have the ability to create and share its own DNAapps or download them from others on the DNAappstore™ to quickly and easily enhance DNA in response to regulatory, technological, and market changes.
“The advantage of choosing Open Solutions over another vendor is that DNA has a clear vision and detailed roadmap for the future,” stated CJ Daiker, vice president of information technology at Maps Credit Union. “With Open Solutions’ DNAcreator and DNAappstore comes the opportunity to develop efficiencies and core customizations in-house or purchase them, which is very attractive, and aligns with our long-term goals.”
“Open Solutions is a core vendor that can meet our goals and help provide us with real, modern solutions,” added Jill Nowacki, vice president of development at Maps Credit Union. “Selection of Open Solutions’ DNA core platform is paramount to increasing efficiencies across our entire operation.”
In addition to DNA, Maps Credit Union will also implement the DNAmarket™ business intelligence solution, OpenCheck™ item processing suite, DNA – tMagic™ teller capture system, DNAcreditcard™ management module, and the DNAcreator™, DNAconnect Toolkit™, and sqr Toolkit™ integration toolsets. All solutions, including DNA, are to be implemented on-premise.
“Maps Credit Union is a very forward-looking financial institution with strong values of educating its members and providing superior member service,” stated Louis Hernandez, Jr., chairman and CEO of Open Solutions. “Open Solutions is proud to play an integral role in helping this credit union better serve its members and offer best-in-class technology. I look forward to seeing how this innovative and collaborative credit union will use DNAcreator and DNAappstore to solve common problems, improve service and generate additional revenue. We are confident that the members of Maps Credit Union will ultimately benefit from the new efficiencies and enhanced service made possible by DNA.”
About Maps Credit Union
Maps Credit Union has come a long way since a group of 17 volunteers joined together in 1935, running the credit union out of kitchens and living rooms in homes throughout Marion County. Today, Maps serves more than 40,000 members in Marion, Polk, Yamhill, Linn, Benton, Clackamas, Washington, and Multnomah counties. The credit union has nine branches located in east, west, south and central Salem; Keizer; the Willamette University campus; Monmouth; Woodburn; and Silverton.
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 www.opensolutions.com. You can also fan Open Solutions on http://www.facebook.com/opensolutionsinc or follow Open Solutions via Twitter @OpenSolutionsCC.
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 2012 Open Solutions Inc. All rights reserved.