Open for business in Fairfax County

Fairfax, Va.-based Fairfax County Federal Credit Union is pairing up with Open Solutions Inc., a provider of integrated enabling technologies for North American financial services providers, to implement Open Solutions’ “Complete Credit Union Solution” for its data processing needs. Together with the solution will be provided complementary applications such as CRM tool cView and ProfitVision.

Fairfax County Federal Credit Union came to the decision to upgrade when faced with the bank’s recent growth spurt. Fairfax County FCU had recently expanded its charter to serve the entire county and now serves over 18,000 members while handling US $210 million in assets. The 27-year-old legacy system formerly employed by the credit union was to be done away with and a new core processing system brought in.

The Complete Credit Union Solution is built on a centralized Oracle relational database and is designed as an open architecture application for service-oriented financial institutions. Complete seeks to provide credit unions with a fully featured strategic product platform in integrating core data processing with strategic applications such as internet banking, business intelligence, financial accounting applications, electronic imaging, payment and interactive voice response solutions.

Open Solutions Inc. offers a product platform that integrates core data processing applications with Internet banking, cash management, CRM, business intelligence, financial accounting tools, imaging, Check 21, digital document, interactive voice response, network services, web hosting, web design, payment solutions, and loan origination solutions. Open Solutions specializes in banks, thrifts, credit unions and financial service providers in the United States and Canada.