Open Solutions, Glastonbury
Pittsfield, Mass.-based Greylock Federal Credit Union, which has $848 million in assets, 11 branches and about 61,000 members, has selected Glastonbury-based Open Solutions Inc.’s The Complete Credit Union Solution and complementary application technologies to address its in-house enterprise-wide data processing needs. Open Solutions is a provider of integrated enabling technologies for financial institutions across the United States and Canada.
“We believe that the advanced functionality and true open architecture of The Complete Credit Union Solution is impressive and will support our members’ needs and our credit union’s future growth objectives,” said Kent Hudson, senior vice president of Greylock Federal Credit Union. “This type of open system offers added flexibility that will allow us to offer more advanced products and services to our members. It will help us to better compete in an ever-changing marketplace. Open Solutions truly has a superior technology.”
Open Solutions’ product platform was designed to be an open architecture application, creating the flexibility needed for running a member service-oriented financial institution. In addition to The Complete Credit Union Solution core data processing platform, the credit union will implement Open Solutions’ FTI Financial Accounting Suite, commercial and mortgage lending, premium overdraft and cView relationship management tool.
Awards Program Announced
Danbury-based R.J. Reby Foundation has announced its scholarship awards program for 2006. The foundation is a nonprofit, charitable grant-giving organization. Founded by Robert J. Reby, a local businessman and president of Robert J. Reby & Co., a leading financial planning firm, the foundation supports students in their pursuit of higher education.
The foundation awards scholarship funds to those who demonstrate personal and scholastic excellence. Each recipient receives a one-time award toward college expenses. In the past nine years, the foundation has given more than $50,000 in scholarships to area students.
Seniors enrolled at Danbury High School or Ridgefield High School who plan to attend an accredited two- or four-year college, university or technical school are eligible for the foundation’s scholarship award. One recipient from each school will be awarded $1,000. Interested students should obtain additional information at their respective guidance departments.
In addition, the foundation, in the spirit of also assisting employees of local companies, is offering the scholarship award through two Danbury-based corporations: Cendant Mobility and The Goodrich Corp. Similarly, the scholarship program is open to high school seniors going on to college, university or technical school, and who are children or dependents of Cendant or Goodrich employees. One recipient from each corporation will receive $500. Those applicants can contact their respective human resource departments for more details.
Other local corporations wishing to inquire about the program should contact Loreen Lewis at (203) 790-4949.
