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Open Solutions acquires Weiland Financial Group

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GLASTONBURY, Conn. (7/28/10)--Open Solutions, a core processor for credit unions, has acquired Weiland Financial Group (WFG), a Chicago-based provider of financial account-management solutions. Open Solutions plans to integrate WFG’s products into its own offerings. WFG will offer and support its own solutions on a stand-alone basis. Open Solutions offers a product platform that integrates processing applications with Internet banking, cash management, Check 21, imaging and other solutions. WFG offers a billing suite for financial institutions--including credit unions--that generates account analysis statements, analyzes customer profitability and boosts fee income. WFG, founded in 1981, authored the 822 corporate billing standard and bank services billing standards. It provides services to financial institutions and corporations.

Nebraska league teams with VINtek on ELT

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PHILADELPHIA (7/28/10)--The Nebraska Credit Union League has partnered with VINtek, a provider of automotive collateral management and direct auto finance solutions for credit unions and banks, to provide electronic lien and title (ELT) services to the league’s members. Credit unions in Nebraska are preparing for a Jan. 1 deadline that mandates all automotive lenders in the state to move to the ELT process. ELT is an alternative to paper-based vehicle titles that enables credit unions to receive digital titles from their local department of motor vehicles. “By mandating ELT, the Nebraska state government enables financial institutions in the state to see immediate return on investment by alleviating storage and postage costs, and eliminating the expense of paper titles,” said Larry Highbloom, VINtek president.