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Bob-tn

We would like to take this opportunity to congratulate Bob Tracy, CEO from Educational Community Alliance Credit Union (EDUCACU), formerly TPS Credit Union, on his retirement. Bob has been in the Credit Union Industry for approximately 28 years and was with TPS/EDUCACU since April of 1992. Since utilizing the Sharetec solution, Bob has grown TPS/EDUCACU’s assets from 18 million in 1992 to 43 million today.

Once again, we would like to congratulate Bob on his retirement; he is an excellent Sharetec user and will be greatly missed. Bob, we wish you the best of luck with your future endeavors.

As examiners focus on income, mergers will continue to be commonplace. As a result, more credit unions are focusing on non-interest income to make up for lack of loan income.

Members “First” Community Credit Union uses a number of key products to generate significant income and decrease their expenses. This effort has catapulted them into the top 1% ROA of all credit unions in the country.

With Sharetec’s eNotices module, members receive their information faster than they would through traditional mail, providing them easy access to notices, letters and other correspondence related to their account. Members “First” Community Credit Union saves big money on postage expenses, as well as additional savings from envelopes, paper, ink, folding, and staff time.

Teri McEwen, CEO of Members “First” Community Credit Union, remarked, “We appreciate the fact that Bradford-Scott continually adds new products like eNotices. One of our goals is to keep up with the larger financial players in our market, and the eNotices module gives us that opportunity, which has proven to be a great success for our credit union.”

Since Members “First” Community Credit Union started using Sharetec’s eNotices module, they have reduced their monthly expenses $975.00.

Average monthly savings from eNotices:

Postage $700.00

Envelopes $ 86.00

Paper $ 9.00

Staff (saves 45 min./day) $180.00

TOTAL $975.00 x 12 = $11,700.00 Annual Savings

The end result of implementing the eNotices feature is that it benefits both the credit union and the member.

automated processing

Sharetec’s Automated Processing will simplify your daily tasks, allowing you more time for your members.

You can automatically transfer and post files like ACH, Share Draft, ATM, Debit, OFAC, ACH and Share Draft Returns, FIDM, Bill Pay, Statements and Positive Balance.  Automated Processing enables employees to focus on managing member relationships and as a result, the processing power of your credit union will increase greatly.  You will never have to download, upload, or post a transmission file again.

Sharetec’s data processing system for credit unions features a fully integrated core system that includes modules for Shares and Drafts, Loans, Collections, automated 5300 Call Report, Marketing, Cross Selling, Shared Branching, Home Banking, Mobile Banking, Text Banking, Remote Deposit Capture, e-Documents, and Remote e-Sign.

Additionally, Sharetec provides FINCEN and OFAC processing, Credit Bureau integration, Indirect Lending, ACH origination and automated ACH/Share Draft processing.  Sharetec is fully graphical (point and click) and offered both as an in-house data processing system or an on-line service bureau (hosted solution) environment.

spotlight

We would like to take this opportunity to recognize Brewster Federal Credit Union (FCU) on utilizing the Sharetec solution since its inception. Brewster FCU is located in Brewster, Ohio and has been proudly serving its community since 1956.

Brewster’s use of the Sharetec solution for over 20 years has primed them for successful growth and development. They are committed to their credit union members and offer them the best value in financial services and the latest and greatest technology - providing them with Shared Branching, Online and Mobile Banking for easy access to their accounts. Most importantly, they provide their members with the attention and personal service they deserve.

We place a high value on the relationships we build with our Clients. For this reason, we are extremely proud of having served Brewster FCU for 20 years. They, like all of our Clients, are vital to our business and the reason for our existence.

We appreciate Brewster’s support and look forward to a continued long-term relationship with them. Congratulations, Brewster, on your successful use of the Sharetec solution. We wish you continued success on your future growth and development.

paperCOMPUTER

Sharetec System has provided Credit Union Clients with multiple solutions to help them streamline the process of managing paper. The two main solutions we have offered have been Document Conversion Services, as well as the FileBound Content Management Solution.

Document Conversion Services has helped Credit Unions deal with the ongoing issues related to storage space, disaster recovery, and compliance, as well as lost files/documents. Many Credit Unions do not have the infrastructure to digitize their many filing cabinets and boxes of historical and active Client files themselves. They have turned to GBS. GBS has performed these functions for 40-60% less cost than if the organization did it themselves. Once those services have been completed, GBS has created an export file where the data was imported into the Sharetec System. The advantage to the Credit Union is that all the scanned member documents are now easily accessible through the software. This brings significant improvements with compliance initiatives, customer service and process efficiencies, as well as a disaster recovery solution that many organizations are struggling to implement.

Credit Unions have also struggled to find an effective way to manage their non-member documents, including documents related to accounts payable, human resources, board meetings, and more. The FileBound Software has helped customers create a more efficient way of managing that content by: one, creating that disaster recovery solution and protecting those critical documents; two, allowing the sharing of information in a secure manner with others in or out of the organization who have a legitimate need to see the documents; and third, giving them the ability to have quick and easy access to information right from their desktops. Although these documents are not directly related to Credit Union members, these documents are just as critical for the success of the organization.