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As we welcome September and prepare for fall, we must once again say goodbye to our summer vacations and special holidays that bring cause for celebration. Patriotic summer holidays, like our recent Labor Day celebration, make us proud to be American and thankful for the many freedoms that we enjoy.

In reflection of summertime holidays like Labor Day, we at Sharetec would like to recognize our patriotic commitment to you—our integration of the Patriot Act Requirements into the Sharetec core system.

The Patriot Act—“Patriot” standing for “Providing Appropriate Tools Required to Intercept and Obstruct Terrorism”—authorizes the U.S. Secretary of the Treasury to regulate financial transactions, particularly those relating to foreign individuals. Integrated for the knowledge and protection of Credit Unions, Sharetec’s unique protection feature scans your database at intervals, and whenever you open a new account. Such scanning can determine if any of your members’ names match those on the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) lists. If such a match is discovered, it is promptly reported to you. 

Sharetec is proud to offer this feature and remains committed to upholding its service and allegiance for the protection of its Credit Unions.

Many credit unions are struggling to find ways to cut operating costs and increase income. Offering eStatements for free and charging a small fee if the member chooses to receive paper statements has been a success for Sharetec Credit Unions.

Brian Blaszak, President of Synergy Partners Credit Union remarks, “Advertising our $2.00 per statement fee in our quarterly newsletter and other member documents to get members to sign up for eStatements has been very successful. This has brought us a decent amount of monthly savings from not spending on postage and paper, as well as the additional earned income. Roughly a $25,000 increase in income this year.”

Thom Ewen, President of Illinois State Credit Union also has great success with charging members a small $2.00 fee per statement when sending through the mail. “Not only has our postage and paper printing expenses dropped drastically, but we are earning over $2,000 per month in additional income. We do give exceptions for hardships, mostly when members complain adamantly, as well as excluding seniors.”

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Mike Malizia Sharetec 25 years image
We would like to take this opportunity to congratulate Michael Malizia, Manager of Technical Services, for his 25 years of service as part of the Sharetec Team in our Youngstown, Ohio, location.  Since July 26, 1993, Mike has been serving credit union clients in various capacities and has proven to be a key team member within the Credit Union Services Department. 

“Mike’s technical experience and years of working with the Sharetec system are invaluable. He is the go-to person for complex technical issues and is always willing to pitch in. Mike has truly shined during busy times and makes every effort to demonstrate his diligence and expertise,” states Bob Campolito, Director, Credit Union Operations.

A reliable asset to both the Credit Union Services Team and our clients, Mike always offers his assistance with a positive, friendly attitude. Many clients have expressed their gratitude to Mike for addressing their technical concerns and for resolving their most pressing issues with efficiency and expertise.

A resident of Austintown, Ohio, Mike enjoys camping, canoeing, photography, traveling, pinball and spending time with his family and friends. We congratulate Mike on his hard work and dedication and wish him continued success as an integral part of the Credit Union Services Team.


Payroll processing getting you down? Get Sharetec to help you out. Sharetec's payroll processing tools make these tedious tasks a breeze. Whether the credit union receives a paper list or an electronic file you can let Sharetec do the heavy lifting.

Many credit unions process manual payrolls that come with a bulk check and a list of member numbers and amounts. Along with the actual payroll amounts many of these members could have distributions that disburse funds to share accounts or loan payments. Credit unions that receive large payroll lists or files could be dealing with thousands of these entries, making posting a time consuming process.

Sharetec’s payroll processing tools are designed to relieve the burden of processing manual payroll by streamlining procedures and automating distributions. With built in name-and-save functionality credit unions can build, save, and post large payrolls in a short amount of time. Once the entries are posted Sharetec processes all member distributions automatically.

The process becomes even more streamlined if the credit union receives an electronic file. By importing the file into the system we can automate the entire process. Sharetec will build the payroll entries, create the distributions, and post the entries. Don’t let payroll processing get the better of you.

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A Few Reasons why 16 Plus Credit Unions have Made the Switch to Sharetec

Sharetec Offers Simple Solutions To Improve Customer Service & Productivity.
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With Sharetec’s Metrics & Cross Selling Tools, Credit Unions Can Deliver More Products and Services.
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Dashboards are Information Hubs for Credit Union Management & Associates.
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Sharetec’s Mobile Banking Tools Allows Your Members to do Business from ANYWHERE!

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These are just a few of the reasons why more and more credit unions are making the switch to Sharetec. Give us a call today at (844) 802-4441 and let’s see how we can help you out as well!