Redstone Federal Credit Union Selects Open Solutions

Based in Huntsville, Ala., Redstone Federal Credit Union has assets of more than $2 billion, 18 branches and serves more than 280,000 members. As one of the largest financial institutions in the area, Redstone is in a uniquely competitive environment.After a thorough evaluation period, Redstone selected Open Solutions for its relational database and open architecture design.The Complete Credit Union Solution is built on a powerful, centralized Oracle® relational database designed to be an open architecture application, creating the flexibility necessary for running a service-oriented financial institution. It helps credit unions streamline both front and back office processes and creates a centralized view of members, employees and business partners. Open Solutions provides credit unions with a fully featured strategic product platform, integrating relationship-based core data processing with strategic applications such as Internet banking, business intelligence, financial accounting applications, electronic imaging, payment and interactive voice response solutions.In addition to The Complete Credit Union Solution data processing platform, Redstone Federal Credit Union is also implementing Open Solutions integrated solutions including cView (CRM/business intelligence), safe deposit box module, channel management center (CMC), interaction management center (IMC), speech telephony services, premium overdraft protection, positive pay and collections applications.