BECU Employs Open Solutions Inc. Core Processing Product and Personnel to Help Complete Largest Technology Conversion in Credit Union History
--Flawlessly replacing a 20 year-old legacy system in one weekend--

GLASTONBURY, Conn. March 16, 2003 - Boeing Employees' Credit Union (BECU), the largest financial cooperative in Washington State and the third largest credit union in the nation, announced the successful implementation of Open Solutions Inc.'s (OSI) The Complete Credit Union Solution(tm) (TCCUS) to handle the institution's retail transactions, consumer loan servicing and integration strategy. BECU, with more than $4 billion in assets, completed the largest technology conversion in credit union history. "Open Solutions' personnel proved invaluable in helping this conversion happen with minimal effect on operations and member service," said Butch Leonardson, Vice President of Information Technology for BECU. "Open Solutions was at the top of our list of vendors to replace our transaction system. The openness of their technology was in line with our integration strategy. The commitment of their staff to the success of this project was exemplary; they were truly our partners in this ambitious undertaking." "We leave nothing to chance when it comes to our client institutions' data and operations proficiency," said Andrew Bennett, Senior Vice President of Operations. "Some members of our conversion team took their families with them to Seattle for the summer while we tested the BECU data and conversion strategy. Our combined team of BECU employees and Open Solutions' personnel was completely confident that when we flipped the switch, everything would work as planned." Over the Veterans Day holiday in November 2002, the credit union went live with an entire new technology framework, replacing a 20-year-old legacy transaction system and a number of other applications that had been grafted on the mainframe platform. In addition to Open Solutions' TCCUS, BECU installed a total of seven software applications during the conversion process, garnering the institution a "Best System Conversion Of The Year" award from Cornerstone Advisors Inc., a banking and credit union technology consultant group. According to Leonardson, Open Solutions' open architecture technology platform and software partnerships were key to the institution's long-term, global IT strategy. "Embedded within Open Solutions' enterprise core data processing application, The Complete Credit Union Solution, is a powerful integration engine. This technology enables BECU to quickly integrate applications without having to build multiple interfaces. We can offer new products and services to our members without any integration worries regarding effects to other applications. Open Solutions provides open systems technology; that means more options for financial services providers." Other standout features of the relational core data processing solution include on-line signature and picture verification of members, an extensive deposit and lending system, business functionality, fully integrated optical storage for reports and forms, and the power to customize the system to create new products or update older ones.
"Open Solutions is proud to have played such an integral role in a conversion of this magnitude," said Louis Hernandez, Jr., Chairman and CEO of Open Solutions Inc. "BECU is one of the most progressive and visionary financial institutions in the industry. We value our relationship as their technology partner and ally in achieving their strategic goals for their institution, as well as their members. Open Solutions has spent the past ten years developing and compiling the best solutions and services available in the marketplace, and our mission for all of our client institutions is to offer enabling technologies that surpass their expectations and needs well into the future."

About Boeing Employees Credit Union Founded in 1935 as the Fellowship Credit Union and renamed in 1949, Boeing Employees Credit Union is the largest financial cooperative in the state of Washington and the third largest credit union in the United States. It serves close to 323,000 members worldwide and has assets of over $4 billion. For more information about Boeing Employees Credit Union, contact Butch Leonardson at 206.439.5976, write 12770 Gateway Drive, Tukwila, WA 98168, or email Visit the company's Web site at

About Open Solutions Open Solutions Inc. (OSI) offers a fully featured strategic product platform that integrates core data processing applications, built on a single centralized Oracle(r) relational database, with Internet banking, cash management, electronic commerce, CRM/business intelligence, financial accounting tools, imaging and loan origination solutions. OSI's full suite of products and services allows banks, savings institutions and credit unions to better compete in today's aggressive financial services marketplace, expand and tap their trusted financial relationships, client affinity, community presence and personalized service. For more information about Open Solutions, or its financial product line, contact Mickey Goldwasser at 860.652.3153, via fax at 860.652.3156, or email Visit OSI's Internet site at