Search
 

Two Southwest Ohio CUs Convert to OSI Platform, Form CUSO

GLASTONBURY, Conn. - A pair of southwest Ohio credit unions are moving onto Open Solutions Inc.'s core processing platform and forming a CUSO to increase their own efficiencies and re-sell OSI technology in their area. The credit unions are $142 million AurGroup Financial Credit Union in Fairfield and $120 million...

By Staff Writer | Updated on October 12, 2004

GLASTONBURY, Conn. – A pair of southwest Ohio credit unions are moving onto Open Solutions Inc.’s core processing platform and forming a CUSO to increase their own efficiencies and re-sell OSI technology in their area. The credit unions are $142 million AurGroup Financial Credit Union in Fairfield and $120 million CINCO Family Financial Center CU in Cincinnati. CINCO, one of the clients OSI acquired when it bought the Liberty FiTECH core processing unit, is currently migrating to OSI’s The Complete Credit Union Solution (TCCUS). AurGroup Financial has been an R.C. Olmstead Client, according to Callahan’s 2004 Credit Union Technology Survey. The new CUSO will be called Shared Resource Technology Group. In addition to sharing the costs and benefits of acquiring a new core system, the credit unions plan to market OSI technology to credit unions in Ohio and Kentucky with less than 10,000 members. Two billion-dollar credit unions, New York’s Bethpage FCU and Colorado’s Bellco CU, already have formed a CUSO to jointly develop and market OSI technology. Theirs is called Open Technology Solutions.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.