LorMet Community Federal Credit Union of Amherst, Ohio, has remained responsive to the needs of its members– and its longstanding strategy of the critical value of technological advances in providing efficiency and up-to-date services to its membership. LorMet sought out a flexible and cost effective core processing solution that would streamline their credit union processes and provide maximum productivity to staff and members.

LorMet selected Sharetec, a state-of-the-art solution that offers integrated functionality. It is utilized by more than 300 credit unions, establishing it as one of the most widely installed credit union software packages in the U.S. LorMet was impressed with Sharetec’s potential benefits, which would enable them to improve member facing technologies, efficiencies, up-time, service, and support for their members. Most importantly, LorMet saw the Sharetec solution as allowing them to better serve their valued membership now and into the future with innovative and convenient financial products and services.

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Is your credit union ready?

A study done by Callahan & Associates found that 60 percent of credit union’s are looking to introduce or upgrade some type of Mobile Banking this year.

Top 4 new tech tools:

Person to Person (P2P) – a service that allows users to send money via Online Banking to others Via a cell phone or email address that is through service provider network.

Personal Teller Machines (PTM’s) -  are a new breed of video banking technology that combine convenient access and personal member service through video and phone conferencing.

Mobile Check Deposits – allows you to deposit your checks as soon as you get them, without a trip to the bank.

Electronic Signature – is an electronic indication of intent to agree to or approve the contents of a document.

These are just 4 new tech tools that you can provide innovative and flexible service options to your members.

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Stay connected to your members anywhere at anytime.

E-Services can deliver the cutting edge technology your members demand.   Today’s members demand the mobile lifestyle technology and the convenience it adds. Stay connected with your members anytime and anywhere, by offering your members a variety of E-Services.

A few of Sharetec’s E-Services:

E-Statements - Deliver Statements right to member’s inbox
E-Notices - Save money with Electronic Notice Delivery
E-Alerts - Alert members electronically with important account information
E-Receipts - Create e-Receipts to save time and money
Remote E-Sign - Serve members anywhere in the world
Remote Deposit Capture - Deposit checks from any location

To learn more about Sharetec’s E-Services click here.

When it comes to disaster recovery, eighty percent of organizations responding to a Ponemon Institute study disclosed they had lost data at some point in the previous 12 months.

Human Error was the #1 cause for loss of data. Some other ways to lose data are from natural disasters like floods, fire, hurricanes or tornado’s that can cause power failure shutting off hardware systems before a chance to save important data.

When calculating lost revenue and productivity per hour, businesses have been known to save as much as 44 percent in IT cost by reducing down time through disaster recovery.

Disaster Recovery is an integral piece to any companies IT strategy. It keeps a businesses viable and minimizes the impact of data losses.

When polled companies identify data backup and disaster recovery as one of their greatest needs.

Data losses are disruptive, even devastating!  YOU can prevent it from being fatal with Sharetec’s Disaster Recovery Program.


Remember the old adage that if you don’t take care of your customer someone else will?

Sharetec’s Cross Selling Tool can help target your members.  This is precisely why Sharetec created its Cross Selling tool. With all the electronic communications today, your members are being pitched by a financial competitor multiple times a week. Now, you can fight back and secure your members by using Sharetec Cross Selling to define products and services you want to promote to qualifying members.

Contact us to  learn more about how Sharetec’s Cross Selling Tool can help you target your members!