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How many times have you cringed at the thought of sending another paper check for processing? Why not distance yourself from traditional paper by implementing Sharetec’s Check 21 solution? Check 21 enables your credit union to quickly and safely transmit electronic check images, which are immediately available to your staff from any workstation. 

As you can imagine, Check 21 significantly improves your credit union’s daily processes. And the Check 21 electronic process is protected and secured through Sharetec’s character recognition software, which performs both Courtesy Amount Recognition and Legal Amount Recognition (CAR/LAR) on all scanned items.

Check 21 enables your credit union to:

  • Maximize efficiency

  • Reduce costs

  • Improve member service

  • Re-allocate valuable human resources to other areas

The Sharetec Check 21 solution is certified for all aspects of The Check Clearing for the 21st Century Act, commonly referred to as Check 21, including clearing receipt, transmission of outgoing cash letter to multiple end points and exception/return processing.

Ease frustrations by eliminating the archaic paper check processing of yesteryear—and start providing your staff with the tools they need to retrieve, view and answer member inquires right from their desks with Check 21.

 

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Here are the top 3 reasons why…

• Education on current and future Sharetec offerings From beginner to advanced classes and sneak peeks at things to come

• Business Partners Opportunities to meet one-on-one with Business Partners that provide services used by Credit Unions daily

• Network with fellow Sharetec users Mix, mingle, and learn how fellow Sharetec users make the most of Sharetec within their Credit Union


To see more reasons why so many Sharetec users attend, click here.

Sharetec Conference Lasso Learning
 

Education is always a primary focus at the annual Sharetec Users Conference and, once again, learning will be in the arena spotlight at this year’s event. Once you arrive at the September 17th-19th Conference in San Antonio, prepare to “lasso” some helpful information in the form of various Workshops, which are slated to include:

  • Card@Once will show attendees how debit cards can be printed hassle-free at their credit union.

  • Common Mistakes: A to Almost Zwill address numerous common mistakes users make in Sharetec and provide helpful suggestions for each.        

  • Dashboards (Advanced Level Workshop)will feature former credit union CEO and current Quality Analyst, Greg Rowlett, who will introduce attendees to dashboard reports and demonstrate how they can be used to document your financial position. 

  • Go for a Spin with V10will invite attendees to take a test drive on Sharetec Version 10. 

  • Home Banking, Mobile Banking and Bankjoywill demonstrate how the new Home Banking interface allows members to have many services and functionality at their fingertips.

  • Loan Form Mappingwill provide an overview on how this new Sharetec add-on product lets users update and map loan forms with the click of a mouse. 

  • Loans: From Application to Disbursement and the Errors In-Betweenwill examine the loan process and various errors that may cause staff to panic and prevent disbursal.  

  • Menu Permissions and Security (Hands-On Lab)will provide users with an opportunity to learn and practice applying Sharetec’s menu permissions and security features.

  • Results for the Advanced User (Advanced Level Workshop)will instruct attendees on how to search by keywords, join tables, add calculations and much more.

  • Reversal Remedies for Sticky Situationswill cover a variety of reversal situations and provide a best-practice approach for each.

  • 5300 Call Report Automation (Advanced Level Workshop)will review the setup of the 5300 Call Report and focus on creating the 5300 file, uploading it to the NCUA and more.

Competition is tough, which is why leveraging Sharetec’s user-friendly functionality and advanced features can help your credit union “wrestle” its competitors and be a champion in the industry! (Please note that sessions are subject to change.)

 

Remote Signautres
Sharetec’s Remote Signatures offer a simple and intuitive user experience that allows members to sign documents electronically from anywhere on any device.

"We wanted members residing in different states to have the convenience of a concierge service and to stay relevant with the time and technology of attracting more members. We were mailing the forms to members and asking them to sign and notarize them, and then mail them back to us. This took a lot of time and effort, not only on our side, but also for the member.” Kabir Laiwalla, Platinum FCU

“Follow up can take days or weeks with traditional documents. This often includes many hours of staff time to complete phone calls and mail the documents. It was a tedious process that took at least 3-4 days before we got the paperwork back, as well as the hassle of members notarizing the documents and the mailing costs. Now it only takes 5-10 minutes.” Kari Rager, Family Focus FCU

Sharetec’s Remote Signatures offers credit unions and members a solution that saves time and is convenient. Your employees have access to all necessary loan documents without leaving their desk.

To read more about Sharetec's Remote Signatures success, click here.

TCP
Sharetec’s Tiered Courtesy Pay feature gives credit unions more flexibility in helping their members when it comes to over-drafts while allowing them to setup granular risk-based fee structures. Members who frequently overdraw their accounts pose a higher risk to the credit union, and thus should pay a higher fee then those members who occasionally overdraw their accounts.


Members “First” Community Credit Union used a flat rate courtesy pay fee structure for their members for many years with success, however, Teri McEwen, CEO of Members “First” Community Credit Union wanted to do more for the credit union and it’s members.

“We have offered traditional courtesy pay for awhile, but when we switched to Sharetec’s Tiered Courtesy Pay, our income increased by 11% and members love the flexibility of the program.”

With Tiered Courtesy Pay, members receive free or discounted overdrafts at first, then the fee gradually increases the more the member uses the service. The end result of implementing a Tiered Courtesy Pay feature is a fee structure that is fair to both the credit union and the member.

To read more, click here.