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We’d like to say “Happy Anniversary” to our loyal friends at Cadets Federal Credit Union (CFCU). With two locations in Elma and Buffalo, New York, CFCU is proud of its service to its growing membership and of their long history. In 1899, Buffalo’s Assumption Parish Church was 11 years old. There, a group of young Polish men started to gather in the church basement to read the few available Polish newspapers, which led to their formation of the Polish Cadet Society. From this group evolved several Polish organizations – the most important being the Polish Cadets Federal Credit Union. The modern-day credit union was founded in 1950 by the small businessmen of the Black Rock community, which included a baker, a florist and many factory workers. In February 2009, they changed their name to Cadets Federal Credit Union.


This month marks the 5th anniversary of CFCU’s successful utilization of Sharetec, and we’re pleased with how our core processing solution has helped them enhance their productivity and efficiency and boost their customer service. 

Today, CFCU’s membership is at 800+ and growing, and their assets are in excess of $12 million. CFCU has been fortunate to offer its members a wide range of products and services, and they are very proud of their financial stability, steady growth, superior leadership and dedicated staff. We at Sharetec look forward to continuing to support their success and seeing them grow to even greater heights.

 

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For most credit unions, uninterrupted connectivity is crucial to their strategic position in the financial marketplace. And such a predicament can translate to a real disaster for a credit union, one that could have been averted with preparation and the backing of a strong core solution.

With Sharetec’s Offline Processing feature, your credit union can continue to service its members in the midst of challenging connectivity issues. Betsy Rhynes, President of Streator Community Credit Union, comments, “After a day without internet I can’t say enough positive things in regards to Offline Processing. It made what could have been a real disaster much easier to handle.”

Benefits of Sharetec’s Offline Processing Feature:

  • When the connection to the system is down, your staff can continue to perform transactions for members.

  • Even in an offline environment, employees will be able to view members’ balances so excessive cash disbursement is prevented.

  • Once the connection to the Sharetec server is reestablished, then all those off-line transactions post without the employees having to rekey the data.

Contact us today or click here to read more about this success story.

Charlie NSPNSP

Guest Blogger: Charlie Yenni, Northern States Power St. Paul Credit Union

Last September, our credit union held our strategic planning session and came to the conclusion that our focus needs to be our membership base. We also have concluded that in order to have the right message, we needed to go outside and find a strategic partner to deliver that message. I believe that the success of any organization is knowing your audience and being able to deliver on their needs.

NSP is a closed-SEG, so we are not able to market through channels such as TV or radio. However, the biggest benefit we do have is that we are exclusively for Xcel Energy employees, retirees, and their families, which means that we are able to target our efforts through geo-fencing and social media. Our goal for 2018 and beyond is to gain a net of new members per month through marketing and I believe that with the right messaging and marketing placement, this is possible.

We have also had success this year opening new rewards-based checking accounts, using the cross-selling feature in Sharetec. That, and having a dedicated workforce who knows how to deliver that message of benefits has made this goal successful.

 

Sure you would.

ROI


What forward thinking credit union doesn't pay attention to ROI? Sharetec's credit unions generate more non-interest income, productivity and credit union growth - resulting in a better ROI.

Sharetec understands that core system today must provide return on investment. We take the time to listen and understand your technology goals for today and the future. We exceed your credit union needs and deliver unparalleled support so you can focus on the needs of your members.

If you are ready to find out what your custom ROI will be, contact us today and find out how Sharetec's credit union base has increased 67% since 2000.

ORUtilities

We would like to wish O & R Utilities Employees Federal Credit Union of Monroe, New York, a “Happy Anniversary!” Our friends at O & R have been reaping the rewards of our core processing solution for 15 years, and we appreciate their loyalty to Sharetec. 

Since it was first chartered in 1980, O & R has upheld its mission to help members and their families improve their financial well-being. They have always worked with their customers’ best interest in mind to make a difference in their lives. O & R also continues to enhance its product and service lines to bring value to the benefits of membership.

We’re pleased with how Sharetec’s many innovative features and benefits have helped O & R enhance their efficiency, productivity and customer service—ultimately improving the way they serve their members’ growing financial needs. 

We congratulate O & R Utilities Employees Federal Credit Union on 15 successful years of Sharetec, and we look forward to continuing our relationship and supporting their success for years to come!