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WesternIN
PRESS RELEASE

April 21, 2020 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces Western Indiana Credit Union in Sullivan, IN, has selected Sharetec to be their next core banking system.

Mitzi Perkinson, CEO of Western Indiana Credit Union, comments, “When the decision was made to begin the search for a new core processor, I knew that I wanted to work with a company that has similar values, respect, and service that we provide to our own members on a daily basis. It was very evident from the start that this is the case with Sharetec. They have a highly dedicated team with personable service. There is no doubt that our decision to convert to Sharetec will help us grow and continue to serve our members in ways we haven’t been able to in the past!”

“Western Indiana Credit Union was very thorough in their search for a new core platform. Some of their efforts included multiple demonstrations, site visits to see the system in action, and a number of phone calls to customers using Sharetec. We are proud to welcome the WICU staff to our Sharetec family, and are honored that our customers gave us their strong recommendations,” comments Matt Isger, Regional Director for Sharetec.

About Western Indiana Credit Union
Western Indiana Credit Union was established in 1932 by local farmers in hopes to help the community. Since then, we have continued to grow and have expanded our services. WICU is a not-for-profit, member-owned financial institution. WICU is governed by a board of directors which are comprised of members of our community. They serve on a volunteer basis and are elected by members of the credit union. We are proud to stay true to our founding values of "People Helping People".

About Sharetec
Sharetec, a provider of both service center and in-house core software solutions, delivers a return on investment (ROI), builds income streams and lowers operating expenses for over 250 credit unions. Since its establishment in 1993, Sharetec has grown steadily, welcoming over 50 new credit union clients in the past 3 years.

Matt Isger
Regional Director for Sharetec
844-802-4441
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This information contained in this press release is accurate at the time of publication. However, specified information may change over time. Terms and Conditions

For PDF version, click here

news
PRESS RELEASE

April 9, 2020 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, is pleased to announce that Horizon Credit Union of Kingsport, Tennessee, has opted to implement the full features and functionality of the Sharetec Core Processing Solution.

When Horizon Credit Union set out to replace their existing system with a new and improved core processing solution, they had specific enhancement goals in mind. According to Beverly Boling, Horizon’s CEO, their financial institution required a smart solutionone that would offer the perfect combination of an innovative core processing system and a knowledgeable, supportive service provider. “We were looking to greatly improve our credit union’s overall functionality to enhance our daily processes and the level of service we provide to our members. We also sought to achieve a better value for our investment,” states Beverly. “Therefore, when we learned about Sharetec’s long list of benefits, we took the next step and requested a demonstration. We wanted to determine if the system would fully meet our needs, and if the people behind the solution would adequately support us.”

In order to highlight the software’s innovative features and functionality and offer their support, the Sharetec team provided Horizon with thorough demonstrations and continued to address their key questions and concerns along the way. As the credit union had an opportunity to view the system’s vast capabilities firsthand, they discovered that Sharetec was highly capable of meeting their technical requirements.

As Horizon continued to explore Sharetec’s features and benefits, it became clear to their decision makers that more efficient processing would greatly reduce the time spent on manual and labor intensive tasks. Sharetec would also provide peace of mind by offering a lower base cost without any surprise rate increases. Additional benefits for Horizon would include the cost savings that would result from interfacing with a new debit card processor and an improved client support experience offered by the Sharetec support team.

Overall, Horizon’s decision makers were thoroughly impressed that Sharetec would be capable of meeting all of their objectives, including their firewall/IT specifications. They were especially pleased that they would be able to convert from their existing system and move forward with the innovative solution with a conversion date firmly in sight.

From the beginning, Horizon sought to find the ideal partner that would help them achieve their objectives. Thanks to Sharetec and its team of professionals, the credit union is now on the right path to successfully doing so. The core system will be used by the entire staff for all credit union processing, as well as interfacing to countless third-party applications and online/mobile banking software.

Dan Miller, Vice President, Sharetec, notes that his company is extremely pleased with their new business partnership and is looking forward to assisting Horizon in any way possible. “Stellar results are expected as our solution will significantly reduce Horizon’s ongoing costs for core processing software, while also providing exciting new efficiencies for its staff and cuttingedge, member-facing technology,” says Dan. “We know how vital it is for credit unions to succeed in this competitive industry, which is why we offer the most innovative solutions backed by strong service and support all with a return on investment (ROI) that credit unions can appreciate.”

About Horizon Credit Union
Horizon Credit Union is proud to be a member-owned financial institution headquartered in Kingsport, Tennessee. Horizon serves 6,318 members and boasts assets of approximately $56 million. Its 30 employees work in four locations in the region, including both the main office and a second office in Kingsport, as well as locations in Mount Carmel and Church Hill.

About Sharetec
Sharetec, a provider of both service center and in-house core software solutions, delivers a return on investment (ROI), builds income streams and lowers operating expenses for over 250 credit unions. Since its establishment in 1993, Sharetec has grown steadily, welcoming over 50 new credit union clients in the past 3 years.

Dan Miller
Vice President

844-802-4441
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This information contained in this press release is accurate at the time of publication. However, specified information may change over time. Terms & Conditions

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EvansvilleFF

PRESS RELEASE

March 19, 2020 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces Evansville FireFighters Federal Credit Union (EFFCU) new core software, Sharetec, has paid for itself.

Lori House, CEO of EFFCU, comments, “This change has allowed us to reduce our staff by one employee, saving us over $37,000 per year. Our income also went up an additional $17,000 once we cancelled our contract with an outside vendor and started using Sharetec’s Courtesy Pay. Upgrading to Sharetec was one of the best decisions we have made.” The benefits Sharetec has to offer has in turned helped pay for the cost of converting to a new system that most credit unions fear.

EFFCU wanted to find a core system that would not only provide their members with attractive modern services, but also allow the staff to be much more efficient using the system. Making the decision to switch to Sharetec has proven great success.

Matt Isger, Regional Director for Sharetec, comments, “Some credit unions have been on systems so long, and are under false assumption that a cheap core system bill is doing them a favor. Where in fact, we have found that automation in today’s modern systems easily make up the difference and then some. New technology simply has ways to bring in more value and dollars to the credit union.”

To read the full case study, click here. For more case studies on Sharetec, click here.

About Evansville FireFighters Federal Credit Union
Established in 1936, Evansville FireFighters FCU serves Evansville Firefighter Department, Evansville Police Department, and Fraternal Order of Police #73.

About Sharetec
Sharetec, a provider of both service center and in-house core software solutions, delivers a return on investment (ROI), builds income streams and lowers operating expenses for over 250 credit unions. Since its establishment in 1993, Sharetec has grown steadily, welcoming over 50 new credit union clients in the past 3 years.

Matt Isger
Regional Director
844-802-4441
This email address is being protected from spambots. You need JavaScript enabled to view it.

This information contained in this press release is accurate at the time of publication. However, specified information may change over time. Terms and Conditions

For PDF version, click here.

CrossRoads

PRESS RELEASE

March 31, 2020 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces CrossRoads Financial FCU in Portland, IN, has selected Sharetec to be their next core processing system.

“Sharetec offered the updated core processing system we desired to provide improved services for our members,” said Donald C. Gillespie, President/CEO of CrossRoads Financial Federal Credit Union. “From our initial conversation with Sharetec they concentrated on determining and meeting our needs with a personal, tailored approach. We are excited about streamlining our current procedures and the opportunity to offer a top-of-the-line member experience in our offices and across digital platforms.”

With a variety of new improvements that will be added to the credit union, many CrossRoads employees have shared their excitement about online and mobile banking that will offer an updated and modern look, and an easy mobile facial login experience. Another benefit members will have is the ability to receive real-time email or text alerts, with a variety of alerts available to choose from like automatic daily balance, balance falling below a certain amount, and loan payment reminders.

One of the most important improvements to the credit union will be convenience and ease of the system to help them improve their services provided to members. Over 90 cumbersome processes will be streamlined compared to what the CU is working on now. CrossRoads Financial FCU is looking forward to bill pay ease of use, scanning bills, and working with companies to make electronic payments possible - instead of paper checks.

Matt Isger, Regional Director for Sharetec, comments, “CrossRoads Financial FCU is focused on offering all members the services they are wanting. No longer will younger members tell the credit union they found better digital & online services elsewhere. The credit union will no longer work diligently to educate the high school students, only to see the students join another financial institution when they want person to person (P2P) transfers or account to account (A2A) transfers.”

About CrossRoads Financial FCU
Located in east central Indiana, people and finances meet at CrossRoads Financial Federal Credit Union. Founded in 1950 by a group of Portland Forge employees, these foresighted individuals liked the idea of having access to a Credit Union----a not-for-profit financial cooperative, built on a philosophy of people helping people. CrossRoads has 100 Select Employer Groups with 9,100 members being served at four locations. Today, CrossRoads remains committed to our mission of Helping members meet their financial needs… one CrossRoad at a time.

About Sharetec
Sharetec, a provider of both service center and in-house core software solutions, delivers a return on investment (ROI), builds income streams and lowers operating expenses for over 250 credit unions. Since its establishment in 1993, Sharetec has grown steadily, welcoming over 50 new credit union clients in the past 3 years.

Matt Isger
Regional Director for Sharetec
844-802-4441
This email address is being protected from spambots. You need JavaScript enabled to view it.

This information contained in this press release is accurate at the time of publication. However, specified information may change over time. Terms and Conditions

For PDF version, click here

Methuen
PRESS RELEASE

March 10, 2020 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces Methuen Federal Credit Union in Methuen, Massachusetts, has chosen Sharetec as their new core operating system.

When asked about their decision to move to Sharetec, Methuen Federal Credit Union CEO, James Brouder, said, “Having realized that our current core system was lacking in many areas, the credit union decided to search for a replacement. After evaluating several options in the industry, we made the decision to go with Sharetec. We look forward to bringing our data processing systems into the 21st century. We expect that Sharetec will partner with our credit union for many years to come and provide our members with many top-notch solutions.”

Joe Reis, Regional Manager for Sharetec, added, “In addition to sharing Sharetec’s vision for the future, we were able to demonstrate to Jim and his team at Methuen that we have the answers that their members need and want today. As more members demand member facing alternatives such as integrated Mobile, Online Banking and card services within these applications, Sharetec meets those demands today, with user friendly capabilities.”

About Methuen Federal Credit Union
Established in 1956 as Methuen Municipal Employees Credit Union, they have been proudly serving Methuen Municipal employees and their families for over 60 years. In 2012 the credit union moved to its current location at 248 Broadway and changed its name to Methuen Federal Credit Union. In January of 2018 they expanded its charter and now serve all members of the community of Methuen, Massachusetts. Methuen Federal Credit Union is a member of the Credit Union Collaborative Network of the Merrimack Valley, which is a community of credit unions sharing knowledge and working together to better serve its members.

About Sharetec
Sharetec, a provider of both service center and in-house core software solutions, delivers a return on investment (ROI), builds income streams and lowers operating expenses for over 250 credit unions. Since its establishment in 1993, Sharetec has grown steadily, welcoming over 50 new credit union clients in the past 3 years.

Joe Reis
Regional Manager for Sharetec
844-802-4441
This email address is being protected from spambots. You need JavaScript enabled to view it.

This information contained in this press release is accurate at the time of publication. However, specified information may change over time. Terms and Conditions

For a PDF version, click here.