Sharetec Data Processing System – Technology Of Simplicity

Today’s credit union leaders have much to consider when researching a core processor provider such as its ability to keep pace with evolving technology, adapting to changing regulations, while providing superior member service.

Sharetec Core is scalable to meet the needs of credit unions of every size – all while providing a user interface that greatly reduces training time and the need for day-to-day support.

Credit Unions are in an increasingly competitive market.  For them, the benefit of an IT structure is its ability to harness available resources to meet market demands and achieve business objectives.  Sharetec provides an IT structure that is based on open systems and can assist  credit unions to increase revenue by providing faster time to market of new or enhanced delivery channels, consumer products and tools, and analytics  designed to more efficiently achieve their marketing objectives.  Collectively, the design, features, functionality and strategic partnerships provided in the Sharetec system protects technology investments by bringing down total operations, development and maintenance expenses while creating or enhancing existing revenue streams.

Sharetec has a robust, far-reaching core data processing solution with integrated functionality that other systems attempt to accomplish through static interfaces to third party products.  Sharetec’s approach has been to deliver advanced, simple-to-use products that flow seamlessly for the user, eliminating the frustration produced by less cohesive systems.

By choosing Sharetec as its technology solutions partner, your credit union can eliminate barriers to growth, improve operating efficiencies, ensure ongoing compliance and provide superior products and services that will drive member growth and generate additional revenue stream.

Deposit Check ImageNiagara Regional Federal Credit Union (FCU), a progressive Credit Union located in the Niagara Falls area of New York, has implemented the Sharetec Remote Deposit Capture (RDC) mobile application. The application is fully integrated with the Sharetec mobile banking application as well as the Sharetec Core Processing system.

With the Sharetec RDC application, Credit Unions can give customers and business clients the freedom to deposit checks on their own schedules, anywhere, anytime, with only a Smartphone or tablet. Through this mobile banking application, users simply snap pictures of their endorsed checks and submit them for processing.

RDC, once a niche service offered selectively to business customers, has transformed into a mass-market service with integral capability in mobile banking solutions. Across the financial services industry, Mobile RDC projects are underway in Credit Unions of all sizes to meet the market demand from retail and small business customers.

Furthering that momentum, deposit growth continues to be a strategic cornerstone of retail banking, and Mobile RDC has been a proven catalyst for generating new revenue sources, new customers, and deposit growth. As financial institutions refine their mobile banking strategies, Mobile RDC has been elevated to be a priority initiative.



Sharetec Real Time Home Banking
delivers your members what they want, when they want.

The power of integration Today’s members want immediate access to their accounts 24 hours a day.  Members also want access to current information, not periodic refreshing of balance information.  Sharetec Real Time Home Banking delivers your members what they want.  Sharetec Home Banking includes account balances, transaction history, draft images, loan applications and much more.

Banking at Home The Home Page enables your members to see all account balances at a glance.  In addition, your members will also have access to any joint member accounts!  No longer do members have to log out and back in to see those joint account balances.  A simple double click of the mouse will enable members to see transaction history for that account.

Your Transactions Looking at your account history is simple and easy.  Click on the account you want to view and all of your transactions are there in a second.  You can also switch to another account with a simple click of the mouse.  You can also download your account history to your computer with our download feature.

Your Benefits

  • Cross Sell e-Statements to qualified members.
  • Increased member loyalty.
  • New ways to generate non-interest income.
  • Reduced repetitive tasks through complete integration.
  • Personal Financial Managment – totally integrated.
  • Receive e-Alerts.
  • Unlock their own account when they forget their password.
  • Build stop payments.

Member Benefits

Sharetec Real Time Home Banking will enable your credit union to access a greater number of members.  This access will also enable your credit union to sell more services to members. People with access to their financial data will most likely stay with that financial institution, regardless of the physical location.  Stay in-tune with your members like never before with Sharetec Real Time Home Banking.


Sharetec System announces Harvester Financial Credit Union in Indianapolis, IN, has successfully converted to the Sharetec Core System.

“Core conversions can be a challenge, but everyone involved handled it with superior professionalism. The Sharetec team was instrumental for making our conversion such a success. We couldn’t have been better prepared than we were,” comments John Bergeson, President of Harvester Financial CU.

Audra Schoenauer, Sharetec’s lead project manager for the Harvester Financial CU conversion, comments, “Harvester’s dedication and commitment to this conversion was a huge part in making it a great success.“


Sharetec’s Ultimate Checking allows credit unions’s to boost their revenue with an increase in interchange income. Ultimate Checking is a unique product that differentiates credit unions from competitors and doubles revenue compared to a standard share draft account. Not only will this product attract new members, current members will embrace it.

Gas & Electric Credit Union, located in Rock Island, IL, took advantage of Sharetec’s powerful Ultimate Checking module to launch a successful high yield checking account. “This was a product that we felt we had to have in order to compete. We pay 4% interest when various requirements are met and our members have really embraced it”, remarks CEO, Daryl Empen. “Our debit card revenue grew 19% our first year and over 27% our second year. We have enjoyed 7% growth in checking accounts directly tied to this service, which has lead to more loans and other services.”

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