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Published: 19 February 2020

As the new year progresses, credit unions continue to analyze their place in the financial system. What sets them apart? What systems do they have that can support these services? 

A myriad of financial options are available to customers and more are created each year. The “2016 Survey of Consumer Finance” written by the Federal Reserve, is quoted as saying, “Americans have at least five accounts with different financial institutions, and of those that belong to credit unions, only 20% see it as their primary relationship.” Becoming a customer’s primary financial relationship is paramount for the continued success of any financial institution including credit unions. A human-centered relationship with members has always been a hallmark characteristic of the credit union industry. Leveraging this characteristic requires that the next stage in development for credit unions will be adopting time saving technologies. This will assist in freeing up their staff to provide the human to human interactions that leads to becoming the member’s primary financial relationship. Sharetec is committed to serving credit unions by providing core processing solutions with two goals: make it smarter and keep it simple.

Contact us for more information! 

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Published: 28 January 2020

Members “First” Community Credit Union wanted to increase their non-interest income while improving member relations. Implementing Sharetec's Tiered Courtesy Pay feature provides the credit union with a risk-based fee structure. This gives them the ability to offset the cost of processing and monitoring overdrafts, which in turn, provides a cushion (revenue stream) that is used to offset potential loses. The results - 11% increase in revenue, reduced fee reversals and improved member relations.

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Published: 12 February 2020

Sharetec is busy preparing a delicious agenda for its 2020 Users Conference - and you’re invited to treat yourself to an assortment of sweet opportunities!

Registration is now open for the 2020 Sharetec Users Conference, which is scheduled for September 13th-16th at the Hilton Netherland Plaza in Cincinnati, Ohio. Our event will be focused more than ever on offering your credit union amazing opportunities for growth and success.

Many who have attended our Conference in the past have fallen in love with many aspects of our event. Yet perhaps the most worthwhile reason to attend is our educational agenda. And this year’s offerings will be no different, with a lineup that’s even sweeter than before. Feast your eyes on the details at sharetec.com/education.

Other opportunities will also tug at your heartstrings, including the chance to learn the latest industry news and ample time to network with fellow Sharetec users. You’ll also discover how to optimally utilize the system so that your credit union can get the most from Sharetec. And then there is the icing on the cake, those “sweet extras” in which you can indulge, including Cincinnati’s awesome local attractions and the opulence of the Hilton Netherland Plaza itself.

Get ready to take aim at our vast assortment of offerings at the 2020 Sharetec Users Conference - what’s not to love? Register now at sharetec.com/registration.

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Published: 15 January 2020

We would like to extend our congratulations and best wishes to the following two Sharetec credit unions, who have been successfully utilizing our core processing solution for 15 years and 25 years respectively:

• Educational Community Alliance Credit Union based in Toledo, Ohio—since January 2005
  
  
• Keystone United Methodist Credit Union of Cranberry Township, Pennsylvania—since January 1995

Educational Community Alliance (ECA) Credit Union is celebrating 15 years of using the Sharetec solution. The credit union first opened its doors in 1934 as Toledo Teachers Credit Union, later evolving to help Toledo Public School employees, retirees and families succeed financially. They later expanded its membership to include anyone in the education industry in Toledo along with their family members. ECA has grown from offering basic financial services to providing a full suite of products and online/mobile convenience services. In addition to their local branch, they are proud to say that they have nearly 5,500 branches across the country through their participation in the Shared Branching network.

Our friends at Keystone United Methodist Federal Credit Union have been benefiting from Sharetec for 25 years. They were first formed in 1953 by a group of pastors as a means of pooling their resources to provide loans they wouldn’t otherwise have been able to obtain. Years later, Keystone is still providing loans and so much more including online banking, mobile banking, IRAs, online bill pay, electronic statements and many other services. Not only do they serve the financial needs of United Methodist (UM) clergy, the credit union is available to all UMs and their family members, as well as UM churches and organizations throughout the Western Pennsylvania Conference.

We are happy that these financial institutions are continuing to grow and prosper, and extremely pleased that Sharetec is helping them reach new levels of efficiency, for both members and employees. Congratulations to you both. We wish you many more years of prosperity and success!