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Credit union members appreciate the ease of using Allied Payment Network for their bill pay and person-to-person transactions; the adaptability to mobile offers them access wherever they are. This  accessibility puts credit unions in a great position to be the full-service  financial provider that many members seek, as it did for Members First Credit Union in Madison, WI. 

Jenny Kutz, Vice President of Operations for Members First Credit Union, comments, “After seeing Allied Payment Network at Sharetec’s Users Conference, we knew we wanted to utilize its technology for our many members whose primary relationship with the credit union is auto and HELOC loans. We thought PicturePay would be a great way to help  push checking accounts to these individuals. Implementing both of Allied’s services grew the number of members who use bill pay by 25% and, in turn, these members increased usage on their checking accounts. Additionally, transactions initiated through PicturePay and P2P have increased approximately 50% compared to our previous bill pay provider.”

To read more of this case study, click here

Member DSOT

While it’s paramount to take care of urgent member needs today, it’s becoming increasingly important to begin setting your sights on creating memorable, value-added experiences for new members. Doing so will remain key to the long-term growth of your credit union.

A simple and accommodating enrollment process means members are more apt to open an account with your credit union. Sharetec’s Online Member Services facilitates new member enrollment and provides a channel for new shares and loans to be opened by existing members – at any time, from anywhere.

During the on-boarding process provide your new and prospective members with tips that can help them save and build credit. You can highlight your commitment to their financial goals by offering features such as Sharetec’s Personal Financial Management (PFM). Sharetec’s PMF partners with Geezeo and MoneyDesktop to allow members to create budgets, set financial goals and manage cash flow while viewing all financial data on a single screen.

The more invested a prospective member feels that you are in their financial success, the more likely they are to choose you over your competitors. Let Sharetec help you today!

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Protecting your members from fraud is more difficult today than it has ever been in the history of banking, which is why Sharetec provides “real-time” fraud monitoring. Our fraud system is actively on the look-out for suspicious activity.

Sharetec’s Fraud Alerts will notify you if a fraudulent situation is uncovered, whether it be during a member search, a member transaction, new member enrollment, new share or loan openings, or batch postings. The security alerts are based on a set of fraud conditions established in the Fraud Alert control and are completely credit union defined so that you can adjust them to your specific tolerance level.

Contact us today to find out how you can protect your members from fraud with Sharetec’s Fraud Alerts.

Sharetec Help
During these uncertain times, most credit unions have members who are struggling with financial obligations such as auto loans, house payments and service fees, and often times, cash shortages due to extenuating circumstances. As a responsive partner, Sharetec has stepped up to make numerous measures available to many of its credit unions and their members across the country who may be dealing with issues related to the ongoing COVID crisis.

To assist credit unions in better servicing members and to help them through these potentially disruptive times, Sharetec has reached out to these financial institutions to announce these specific measures that they would make available to them, which include:

· Temporarily waiving late fees for all loans

· Turning off the Regulation D limitations so members can freely move funds to transactional accounts

· Temporarily waiving overdraft fees until a certain date

· Temporarily waiving excessive transaction fees until a certain date

· Helping to incorporate a skip payment(s) program if the credit union does not already have one

· Increasing debit card limits, if controlled by Sharetec

· Waiving penalties for early CD withdrawals

· Waiving monthly service fees

As credit unions continue to change how they service their members, Sharetec is well prepared to adapt to their shifting needs. And we are fortunate in that our business and IT infrastructure are easily transitioned to a remote environment, whenever such a move becomes necessary. As many of Sharetec’s support team members continue to work from the safety of their homes, they are effectively collaborating to serve credit unions as if they were in their usual office environments.

Sharetec wants to assure its credit unions that our business partnerships are invaluable, as is the financial well-being of the institutions and the members that we serve. And we will remain poised to offer advice and assistance in regards to what the system and our company can do to alleviate any hardships that may arise. Rest assured, Sharetec will continue to be readily available to help its credit unions and their members¾both now and into the future.

GiftCard ST

Do you know of a credit union who is looking for a new core system?
Refer a Credit Union to Sharetec and we will send you an Amazon $100 e-Gift card.

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To be eligible to win, the CU you are referring to us must not already be in contact with Sharetec, and an appointment must be set and completed between Sharetec and the CU you referred. Upon these 2 simple criteria being met, you will receive your gift card!