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Many credit unions are struggling to find ways to cut operating costs and increase income. Offering eStatements for free and charging a small fee if the member chooses to receive paper statements has been a success for Sharetec Credit Unions.

Brian Blaszak, President of Synergy Partners Credit Union remarks, “Advertising our $2.00 per statement fee in our quarterly newsletter and other member documents to get members to sign up for eStatements has been very successful. This has brought us a decent amount of monthly savings from not spending on postage and paper, as well as the additional earned income. Roughly a $25,000 increase in income this year.”

Thom Ewen, President of Illinois State Credit Union also has great success with charging members a small $2.00 fee per statement when sending through the mail. “Not only has our postage and paper printing expenses dropped drastically, but we are earning over $2,000 per month in additional income. We do give exceptions for hardships, mostly when members complain adamantly, as well as excluding seniors.”

To read more, click here.

payroll

Payroll processing getting you down? Get Sharetec to help you out. Sharetec's payroll processing tools make these tedious tasks a breeze. Whether the credit union receives a paper list or an electronic file you can let Sharetec do the heavy lifting.

Many credit unions process manual payrolls that come with a bulk check and a list of member numbers and amounts. Along with the actual payroll amounts many of these members could have distributions that disburse funds to share accounts or loan payments. Credit unions that receive large payroll lists or files could be dealing with thousands of these entries, making posting a time consuming process.

Sharetec’s payroll processing tools are designed to relieve the burden of processing manual payroll by streamlining procedures and automating distributions. With built in name-and-save functionality credit unions can build, save, and post large payrolls in a short amount of time. Once the entries are posted Sharetec processes all member distributions automatically.

The process becomes even more streamlined if the credit union receives an electronic file. By importing the file into the system we can automate the entire process. Sharetec will build the payroll entries, create the distributions, and post the entries. Don’t let payroll processing get the better of you.

Learn more at www.sharetec.com.

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A Few Reasons why 16 Plus Credit Unions have Made the Switch to Sharetec


Sharetec Offers Simple Solutions To Improve Customer Service & Productivity.
Click here to learn more.

With Sharetec’s Metrics & Cross Selling Tools, Credit Unions Can Deliver More Products and Services.
Click here to learn more.

Dashboards are Information Hubs for Credit Union Management & Associates.
Click here to learn more.

Sharetec’s Mobile Banking Tools Allows Your Members to do Business from ANYWHERE!

Click here to learn more.

These are just a few of the reasons why more and more credit unions are making the switch to Sharetec. Give us a call today at (844) 802-4441 and let’s see how we can help you out as well!

Mike Malizia Sharetec 25 years image
We would like to take this opportunity to congratulate Michael Malizia, Manager of Technical Services, for his 25 years of service as part of the Sharetec Team in our Youngstown, Ohio, location.  Since July 26, 1993, Mike has been serving credit union clients in various capacities and has proven to be a key team member within the Credit Union Services Department. 

“Mike’s technical experience and years of working with the Sharetec system are invaluable. He is the go-to person for complex technical issues and is always willing to pitch in. Mike has truly shined during busy times and makes every effort to demonstrate his diligence and expertise,” states Bob Campolito, Director, Credit Union Operations.

A reliable asset to both the Credit Union Services Team and our clients, Mike always offers his assistance with a positive, friendly attitude. Many clients have expressed their gratitude to Mike for addressing their technical concerns and for resolving their most pressing issues with efficiency and expertise.

A resident of Austintown, Ohio, Mike enjoys camping, canoeing, photography, traveling, pinball and spending time with his family and friends. We congratulate Mike on his hard work and dedication and wish him continued success as an integral part of the Credit Union Services Team.

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Most people would agree—when one uses the word “ultimate” to describe a product or service, it should live up to its name. And Sharetec’s Ultimate Checking does just that.

With over 40 different metrics that can be tied to Ultimate Checking, Sharetec allows you to reward your members for using electronic account access—while offering them a higher dividend rate typically associated with CDs and money market accounts. And the dividend rates can be tiered or capped by balance, as well as offer service fee refunds when the defined metrics have been met.   

Additionally, your members’ money remains completely liquid as they enjoy the freedom of unlimited deposits and withdrawals. Members are only required to meet as few or as many Credit Union defined criteria each month to qualify for the high dividend rate and service fee refunds. You can look at it this way:  Sharetec’s Ultimate Checking has the potential to ultimately increase your income and new deposits, helping your Credit Union achieve ultimate success.