October 10, 2022
Sharetec Auto-Enrollment Helps CU Achieve 500% Growth in eStatements
Sharetec Auto-Enrollment allows credit unions to provide their members an easy-to-use, secure, and user-friendly option to view and print eStatements and eNotices, from the convenience of any device with internet access.
One credit union that took advantage of Sharetec’s Auto-Enrollment is Winnebago Community Credit Union (WCCU). The CU wanted to improve their cost savings and operational efficiencies, as well as member relations. Before WCCU switched to Sharetec’s Auto-Enrollment, only 32% of their members were using online banking and only 16% of those members were using eStatements and eNotices.
The CU’s results after switching to Auto-Enrollment:
- -eStatement & eNotices penetration grew 500%
- -96% of home banking users now use eStatements and eNotices
- -$14,500 in annual savings
- -Provided quicker turnaround
WCCU continues to see great success with the use of Auto-Enrollment. “With Sharetec’s Auto-Enrollment, Winnebago CCU has the peace of mind that their statements and notices are being delivered to their members securely and more efficiently than before. It has proven to show true return on investment for WCCU, as well as many other Sharetec customers,” remarks Matt Isger, Regional Director for Sharetec.
By Farbod Salman