State Employees Credit Union Prepares to Implement Open Solutions' Enterprise-Wide Technology Platform

Open Architecture Application to Support Growing Credit Union

GLASTONBURY, Conn.--(BUSINESS WIRE)--May 4, 2006--Santa Fe, N.M.-based State Employees Credit Union recently selected Open Solutions Inc.'s(R) (NASDAQ: OPEN) The Complete Credit Union Solution(R) to address its in-house enterprise-wide data processing needs. State Employees Credit Union has $140 million in assets, six branches and more than 25,000 members. Open Solutions is a provider of integrated enabling technologies for financial institutions across the United States and Canada. The credit union is scheduled to complete installation later this year.

Harold Dixon, president and CEO of State Employees Credit Union, said, "The open architecture is the most important aspect of The Complete Credit Union Solution and was the deciding factor for us to go with Open Solutions. With this type of infrastructure, we believe that we will be able to grow into the system, customize it and move forward with ease. No other system we looked at offered this level of flexibility. Our evaluation of the product indicated that it is not only a superior core processing solution with regard to its structure and functionality, but that it's also being delivered and maintained in a manner we find best suited for the long-term interests of our institution and members."

The Complete Credit Union Solution is built on a powerful, centralized Oracle(R) relational database and 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 core data processing with strategic applications such as Internet banking, business intelligence, financial accounting applications, electronic imaging, payment and interactive voice response solutions.

"Our current system is operated through a service bureau and is very limited," Dixon said. "We wanted to bring the service in-house because it gives us more control over our business operations and allows us to customize and offer advanced financial products and services to handle our members' changing financial needs. It just makes sense for us."

In addition to The Complete Credit Union Solution, State Employees Credit Union will implement Open Solutions' cView(TM) relationship management tool; e-Commerce Banker(TM) Internet banking suite; Financial Accounting Suite; interactive voice response; consumer and mortgage loan management systems; document imaging; premium overdraft protection; and asset collection applications.

"We are very excited about Open Solutions' Financial Accounting Suite," Dixon said. "It will allow us to do our own in-house financial analysis, price our products accordingly, and track profitability on member accounts."

Louis Hernandez, Jr., Open Solutions chairman and CEO, said, "Open Solutions is dedicated to providing our credit union clients with innovative solutions we believe will support their long-term strategies and increase the level of service they can provide to their members. We understand the importance of technology in today's market and our goal is to design and deploy innovative product offerings that best suit the needs of our clients' members and employees. In today's ever-changing market, credit unions need to offer the most advanced functionality and technology possible and we believe Open Solutions can play an important role in this. We are pleased to have been selected by State Employees Credit Union as the partner they believe will support their growth plans and allow them to meet their members' ongoing needs."

About Open Solutions Inc.

Open Solutions Inc. offers a fully featured strategic product platform that integrates core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, Check 21, interactive voice response, network services, Web hosting and design services, and payment and loan origination solutions. Open Solutions' full suite of products and services allows banks, thrifts and credit unions in the United States and Canada to better compete in today's aggressive financial services marketplace, and 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 by email at mgoldwasser@opensolutions.com by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions' Internet site at www.opensolutions.com.

Open Solutions Inc. and The Complete Credit Union Solution are registered trademarks of Open Solutions Inc. All other company and product names may be trademarks of their respective owners.

Safe Harbor Statement

Statements made in this press release that state Open Solutions Inc.'s or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. All forward looking-statements are only as of the date of this press release and Open Solutions Inc. undertakes no obligation to update or revise them. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause Open Solutions Inc.'s actual results to differ materially from those projected in such forward-looking statements. For example, if we fail to adapt our products and services to changes in technology or in the marketplace, we could lose existing clients and be unable to attract new business. Factors which could cause our actual results to differ materially from those projected in forward-looking statements include, without limitation, economic, competitive, governmental and technological factors affecting the banking and credit union industry and/or Open Solutions Inc.'s operations, markets, products, services, prices and other factors set forth under the heading "Factors Affecting Future Operating Results" in Open Solutions' Annual Report on Form 10-K for the 12 months ended Dec. 31, 2005, as filed with the Securities and Exchange Commission.

Contacts
Open Solutions Inc., Glastonbury
Marvin (Mickey) Goldwasser, 860-652-3153
mgoldwasser@opensolutions.com
or
Media Contact for Open Solutions
Andrew McCaskill, 678-781-7210