news

News

PRESS RELEASE
September 11, 2018 - FOR IMMEDIATE RELEASE

LINO LAKES, MN - Sharetec System, core technology made simple, announces Cuba Credit Union in Cuba, NM, has signed with Sharetec to be their next core banking system.

Rhonda Jacques, CEO of Cuba Credit Union, comments, "From our first meeting with Deborah, our Sharetec representative, we felt a bond toward a common goal of bringing our members all the current technology that is available to help Cuba Credit Union serve all our members near and far, while keeping in mind our bottom line."

As a midsized Community Chartered Credit Union located in Northwestern part of New Mexico, serving a large geographical area including part of the Navajo Nation, Cuba Credit Union’s current core system met their needs, but knew they needed a new core to help them grow even more. Rhonda continues, "We needed to partner with a core system that can help us grow with technology and making our daily work more automated for efficiency, allowing us to spend more time with our members one-on-one. Sharetec has been very helpful and patient, making us feel like we are part of the family already."

"Sharetec is pleased to have Cuba Credit Union as our newest client. It was evident to us that Cuba Credit Union and Sharetec have similar visions for the future of credit unions. Both organizations are committed to providing member facing products that bring quality service and support to the membership. Sharetec and Cuba are looking forward to a lasting relationship built on our continuing dedication to provide meaningful products such as Mobile Banking and Remote eSign to our client base," comments Richard Place, Vice President Sales for Sharetec.

About Cuba Credit Union
Established in 1972, Cuba Credit Union currently serves those who live or work within the school boundaries of Cuba Independent Schools or Jemez Mountain Schools, districts.

About Sharetec
Sharetec, a provider of both in-house and service bureau core solutions, has delivered an ROI, building income streams and lowering operating expenses to nearly 300 credit unions with 67% growth since 2000.

Richard Place
844-802-4441
Vice President Sales
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This information contained in this press release is accurate at the time of publication. However, specified information may change over time. Terms & Conditions

Click here for PDF version


LorMet

PRESS RELEASE

August 23rd, 2018 - FOR IMMEDIATE RELEASE

LINO LAKES, MN - Sharetec System, core technology made simple, has assisted LorMet Community Federal Credit Union in achieving several key improvements, resulting from the core processor’s enhanced automation and efficiency capabilities.

LorMet suffered from an inefficient, paper-centric system that required two platforms, which heightened expenses and made research difficult. They also experienced slow support, inadequate reporting for data and analytics, delays in loan processing and lack of adequate staff training. Since transitioning to Sharetec, they’ve recognized maximized efficiency, significant cost savings and key enhancements in daily operations and processes.

According to Emily Bopp, CFO, LorMet, “Having all of our functions on the core was a significant improvement. The integration with operations allowed for faster member service and resolution of issues. And reporting was significantly improved from standard reports that allow you to change the scope based on specific parameters to the ability to query the entire database with an easy-to-use tool.”

Shavena Brown, V.P. of Operations, LorMet, stated that they have the ability to make changes on their own that they typically would have to request core processor support personnel to complete. This allowed them to take advantage of the entire system, specifically the tools available to make customizations according to their credit union’s needs.

LorMet is pleased with their transition to the Sharetec Core Processing solution and the vast number of improvements that have resulted. LorMet now has more time to devote to upholding their commitment to excellence by providing the best products and services and improving membership service and satisfaction.

Visit www.sharetec.com/case-studies to read more about this success story and many others.

About LorMet Community Federal Credit Union
Founded in 1936, LorMet Community FCU has over 20,000 members and more than $180 million in assets. LorMet offers financial services to all of Lorain County, Ohio.

About Sharetec
Sharetec, a provider of both in-house and service bureau core solutions, has delivered an ROI, building income streams and lowering operating expenses to nearly 300 credit unions with 67% growth since 2000.

Dan Miller
844-802-4441
Vice President
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This information contained in this press release is accurate at the time of publication. However, specified information may change over time. Terms & Conditions

Click here for PDF version

microphone blue

PRESS RELEASE

July 19th, 2018 - FOR IMMEDIATE RELEASE

Participation in the 2018 Sharetec Users Conference Hits an All-Time High

LINO LAKES, MN – Sharetec System, core technology made simple, announces they will be hosting the 2018 Sharetec Users Conference taking place in San Antonio, TX, from September 17th – 19th, 2018, with more Sharetec Credit Unions to attend than ever before.

Sharetec Credit Unions are given the opportunity to network with other Sharetec users and meet the Sharetec support team. Attendees will participate in workshops and training sessions featuring topics relevant to their needs and interest. They will also meet a variety of business partners and special speakers who will offer insights to help grow memberships and develop business strategies.

"Attending the Sharetec Users Conference is always something we look forward to. We benefit a great deal from networking and exchanging ideas with our fellow Sharetec users. It’s a great way to stay up-to-date with all Sharetec has to offer and find new ways to help grow our credit union," comments Jeanette Isaac, Executive Vice President of Illinois State Credit Union.

Tim Luger, Managing Director of Sales for SHAZAM Network, comments, "We always enjoy attending the Sharetec Users Conference each year, catching up with clients to find more ways to help them grow their credit union. It’s a great way to touch base with clients we have been working with, and it gives us the opportunity to meet and talk with new clients we have not met yet."

"Sharetec Credit Unions attending the Users Conference have a great opportunity to see the ins and outs of Sharetec and learn new processes that will help the credit union grow and find new ways to improve staff efficiency. With our highest attendance yet for this year, it will be great to catch up with customers and business partners," comments Courtney Bowlin, Sharetec’s Conference Coordinator.

About Sharetec
Sharetec, a provider of both in-house and service bureau core solutions, has delivered an ROI, building income streams and lowering operating expenses to nearly 300 credit unions with 67% growth since 2000.

Courtney Bowlin
844-802-4441
Conference Coordinator
This email address is being protected from spambots. You need JavaScript enabled to view it.

This information contained in this press release is accurate at the time of publication. However, specified information may change over time. Terms & Conditions

For a PDF version, click here.


PriorityPlus

PRESS RELEASE

July 31st, 2018 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, core technology made simple, announces Priority Plus FCU in Wilmington, DE, has partnered with Sharetec to be their next core processing system.

Susan Winward, CEO of Priority Plus FCU, comments, "We had been with the same core processor for just about 20 years and decided it was time for a change. During our lengthy search we looked at several vendors, both large companies and small, as it had been such a long time since we had explored core processors we felt it important to visit with several. We were looking for a solution that would offer advanced technology, security, a robust operating system and excellent client support. We needed all of that plus a solution that would be cost efficient. We feel we have found that partnership with Sharetec! We are excited to begin our new partnership in a few weeks and look forward to the growth they will help us achieve."

"Sharetec is pleased to have Priority Plus FCU as one of our new clients. The vision for Priority Plus FCU and that of Sharetec, supports the belief that smaller credit unions continue to play a critical role in today’s financial environment, reflecting the true meaning of what a credit union should be. At Sharetec we are in a position to provide modern, member facing applications that allow smaller credit unions to compete with larger financial institutions at an affordable price point. Sharetec and Priority Plus look forward to succeeding together as we provide meaningful products such as Mobile Banking and Remote Deposit Capture to Priority Plus members," comments Joseph Reis, Regional Sales Manager for Sharetec.

About Priority Plus FCU
Priority Plus Federal Credit Union was chartered in 1935 and made the decision in 2016 to change their name from Wilmington Postal FCU to Priority Plus FCU. For over 80 years Priority Plus has provided service for postal employees in the Wilmington, DE area. Today as a full service credit union, Priority Plus continues to provide service to their legacy membership while expanding their charter to include others in the Wilmington area and beyond.

About Sharetec
Sharetec, a provider of both in-house and service bureau core solutions, has delivered an ROI, building income streams and lowering operating expenses to nearly 300 credit unions with 67% growth since 2000.

Joseph Reis
844-802-4441
Regional Sales Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

This information contained in this press release is accurate at the time of publication. However, specified information may change over time. Terms & Conditions

Click here for PDF version

county
PRESS RELEASE

June 21, 2018 - FOR IMMEDIATE RELEASE

County CU Partners with Sharetec as their Next Core Banking System

LINO LAKES, MN – Sharetec System, core technology made simple, announces County Credit Union in Clayton, MO, has partnered with Sharetec to be their next core banking system.

David Bueneman, CEO of County Credit Union, comments, “We are a small asset credit union with big plans for growth. In order to position ourselves for the future, we need a core processor that meets our immediate technology needs, provides improved financial products we need, value data security and is agile enough to grow with us. In addition, it has to be cost-effective in the budget while providing value to our membership. After a thorough review and weighing the cost of change versus the cost of staying the same, it was clear to us that Sharetec would more than meet our needs now and in the future. Our conversion to Sharetec will allow us to deliver new features to our membership and create efficiencies that do not exist in our current system. We look forward to our new partnership in the coming years and the growth they will help us achieve.”

“Sharetec is pleased to have County Credit Union as our newest client. It was evident to us that County CU and Sharetec have similar visions for the future of credit unions. Both organizations are committed to providing member facing products that bring quality service and support to the membership. Sharetec and County are looking forward to a lasting relationship built on our continuing dedication to provide meaningful products such as Mobile Banking and Remote Deposit Capture to our client base,” comments Richard Place, VP of Sales for Sharetec.

About County Credit Union
County Credit Union has been a financial institution in good standing in the Clayton area for over 40 years. Chartered in 1970, we have primarily served the residents and employees in the 63105 zip code area, along with other select employee groups. In 1996, the Division of Credit Unions and our members voted to expand our field of membership to include residents and employees in the 63124 zip code area. We strive to serve our members with high quality, convenient, low-cost financial services and we are federally insured by the National Credit Union Administration.

About Sharetec
Sharetec, a provider of both in-house and service bureau core solutions, has delivered an ROI, building income streams and lowering operating expenses to nearly 300 credit unions with 67% growth since 2000.

Richard Place
844-802-4441
VP of Sales
This email address is being protected from spambots. You need JavaScript enabled to view it.  

This information contained in this press release is accurate at the time of publication. However, specified information may change over time. Terms & Conditions

For a PDF version, click here.