November 17, 2022
500% Growth in eStatement & eNotice Penetration
Time is of the essence, and it’s imperative for credit unions to ensure that their members’ experiences are as efficient and effective as possible. Enter Sharetec Auto-Enrollment. Sharetec’s Auto-Enrollment allows credit unions to provide their members with an easy-to-use, secure, and user-friendly option to view and print eStatements and eNotices from the convenience of any device with internet access. Members can automatically be enrolled in Sharetec’s eServices when they open a new account. No need to go through any other daunting process.
Longtime Sharetec customer Winnebago Community Credit Union (WCCU) in Oshkosh, WI, has had great success with Sharetec’s Auto-Enrollment. The team at Winnebago stated, “We pride ourselves on our sales and service culture. The benefit to our members is a secure and timely receipt of their statements. We have benefited by saving money due to the lower cost of the electronic delivery.”
Sharetec’s unique functionality saves CU over $14,000
Auto-enrollment also helps credit unions save money, with WCCU being one. Before WCCU switched to Sharetec’s Auto-Enrollment, only 32% of their members were using Online Banking, and only 16% of those members were using eStatements and eNotices.
That significantly changed when Auto-Enrollment was implemented. After implementation, over 96% of WCCU’s Online Banking members were utilizing eStatements and eNotices. WCCU experienced] 500% growth and an annual savings of $14,500.
“With Sharetec’s Auto-Enrollment, Winnebago CCU has the peace of mind that their statements and notices are being delivered to their members securely and more efficiently than before,” stated one of Sharetec’s Regional Sales Directors, “It has proven to show a true return on investment for WCCU, as well as many other Sharetec customers.”