Much to our surprise, there was about a 40% reduction in expense [when switching to Sharetec]. [Sharetec] can submit files to our card processor to update account changes, new card orders, and more. Previously, we had to do all of that manually on each system… Members have a more robust mobile app branded to the credit union, and loan applications now flow directly into the loan platform, which has sped up processing.
Sharetec prides itself on providing a tool that helps credit unions improve their product and service offerings. Sharetec as a whole wants all the credit unions to succeed. Remaining current and relevant is important in every area of our credit unions, so why wouldn’t we expect that from our core? That’s what we are seeing in Velocity with Sharetec.
I never hesitate to praise Sharetec’s core processing solution because of the company’s commitment to its clients’ success. They invest in technology to provide the most innovative, streamlined solution, helping us achieve maximum efficiency. Sharetec places advanced features and functionality directly in the hands of our staff and members – ultimately making us a much leaner and more effective credit union.
[We] liked Sharetec’s open platform API, which is especially critical to our business model strategy of being a sponsoring FI. In addition, we were impressed with the system’s overall functionality and adaptability, cloud-based architecture, and friendly user experience… Sharetec’s reputation and its client base, heavy with credit unions, were also important.
We demoed five different core systems and ultimately our management team selected Sharetec. Sharetec Velocity’s system has numerous built-in features which will streamline our operations and eliminate many of our 3rd party vendors. The move to Sharetec will improve our members’ experience, increase employee efficiencies and will result in significant cost savings to our credit union. THAT’S A WIN FOR EVERYONE!
