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AurGroup Financial Credit Union and CINCO Family Financial Center CU form CUSO and Select Open Solutions Core Data Processing Suite.

Publication: Business Wire
Publication Date: 29-SEP-04 		Format: Online - approximately 1037 words
Delivery: Immediate Online Access

Article Excerpt
GLASTONBURY, Conn. -- Shared Resource Technology Group cites flexibility and open architecture as strengths

Open Solutions Inc. (R) (NASDAQ:OPEN), a provider of integrated enabling technologies for financial institutions, announced that Shared Resource Technology Group, a CUSO (Credit Union Service Organization) that was formed between two Ohio-based credit unions, AurGroup Financial Credit Union and CINCO Family Financial Center CU Inc., has selected The Complete Credit Union Solution (R) (TCCUS) for its member institutions' core data processing needs. CINCO is currently migrating from Open Solutions' FiTECH Systems MANAGER GOLD(TM) to TCCUS while AurGroup Financial Credit Union is a new Open Solutions client.

The newly established Shared Resource Technology Group explored the benefits of sharing the cost of acquiring a new core data processing system. After agreeing to select Open Solutions' TCCUS, both credit unions made a strategic decision to form a CUSO, to improve their technologies and reduce overall costs. The newly formed CUSO intends to...



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