|
High-performing Credit
Unions Recognized by Raddon Financial Group
Lombard, Ill., October 23, 2008 – Raddon Financial Group (RFG), a
strategic business unit of Open Solutions Inc.®, recently presented its
inaugural Crystal Performance Awards to 11 high performing credit
unions. The awards were presented to eight of the 11 credit unions at
RFG’s annual CEO/Directors’ Forum held Aug. 6 through Aug. 8 at the
Fairmont Sonoma Mission Inn and Spa, Calif.
The Crystal
Performance Award was designed to recognize credit unions with assets
greater than $500 million for achieving a top 10 ranking in 2007 based
on the RFG Performance Index, a balanced scorecard measurement of
growth, income, efficiency and margin management. America First Credit
Union, Utah; Coast Central Credit Union, Calif.; Educational Employees
Credit Union, Calif.; Lockheed Federal Credit Union, Calif.;, Los
Angeles Firemen’s Credit Union, Calif.;, Mountain America Credit Union,
Utah; NASA Federal Credit Union, Md.; Randolph-Brooks Federal Credit
Union, Texas; San Diego County Credit Union, Calif.; SchoolsFirst
Federal Credit Union (formerly OCTFCU), Calif.; and United Federal
Credit Union, Mich. received the distinction of Crystal Performance in
2007 (a tie for 10th place resulted in recognition of 11 credit unions).
“These 11
credit unions tend to consistently be high performers despite
challenging economic conditions and across all rate environments. Each
credit union embodies many of the key traits we find in measuring high
performing credit unions: consistent application of vision and strategy;
a thorough understanding of the needs and attitudes of members; frequent
and consistent measurement of performance; accountability assigned at
multiple levels within the organization; and constant innovation of
products and pricing. Their management teams, boards, employees and
members should be pleased with this recognition,” said Bill Handel, vice
president of research and product development with RFG.
The analysis
used to evaluate credit unions for the Crystal Performance Award is an
element of RFG’s CEO Strategies Group program. To be eligible for the
Crystal Performance Award, a credit union must participate in the CEO
Strategies Group for an in-depth analysis of financials, products and
member household relationships.
The Crystal
Performance Award is presented annually at RFG’s CEO/Directors’ Forum.
The 2009 CEO/Directors’ Forum is scheduled for Aug. 12 – Aug. 14 at The
Broadmoor in Colorado Springs, Colo. For more information about the
CEO/Directors’ Forum, visit www.raddon.com/forum or call 800.827.3500.
About RFG
RFG, a business unit of Open Solutions Inc., has been providing
research-based solutions exclusively to the financial industry since
1983. RFG understands the industry and knows how consumers interact with
financial institutions. By using best practices in research, analysis
and trends to create customer intelligence, RFG plays a key role in
helping financial institutions manage their customer relationships and
their organizations.
For more
information about Raddon Financial Group, contact Dan McGowan by email
at dmcgowan@raddon.com or by
phone at 800.827.3500. Visit Raddon Financial Group online at
www.raddon.com.
About Our Parent Company
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,
wealth management, imaging, Check 21, digital document, interactive
voice response, technology services, payments and loan origination
solutions. Open Solutions’ full suite of products and services allows
banks, thrifts, credit unions and financial service providers in the
United States, Canada and internationally 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
mickey.goldwasser@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. is a registered trademark of Open Solutions Inc. All other company
and product names may be trademarks of their respective owners.
Copyright 2008 Open Solutions Inc. All rights reserved.
###
Copyright
©2008 Open Solutions Inc. All rights reserved. Raddon Financial Group is
a business unit of Open Solutions Inc.
|
_____ |