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HarvesterPlatinumEltropy

PRESS RELEASE

August 11, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces long-time customer Platinum Federal Credit Union and Harvester Financial Credit Union have had great success after signing up with Eltropy to provide members more opportunity through digital communications.

Kabir Laiwalla, CEO of Platinum Federal Credit Union, comments, “The platform for Eltropy is much better and user friendly compared to our last provider. The overall layout of the system is very pleasing to the eye and very simple to navigate. When you dive into the main messaging area you can easily start a conversion with a member or open a new message.”

“We went live with Eltropy in June of this year. The adoption by the members has been quick and successful as we immediately started getting text messages on a variety of issues, including inquiries about obtaining a loan. We have seen the usage go up each week since implementation,” comments Jason Ford, President/CEO of Harvester Financial Credit Union.

Ashish Garg, founder and CEO of Eltropy, comments, “Eltropy shares many of the same values with Sharetec, including the commitment to create products that meet the needs of the entire ecosystem of Credit Unions, regardless of size. As we continue to increase our footprint in the industry, we look forward to working with Sharetec to achieve our scaling goals.”

“Eltropy is a great partnership for Sharetec because it allows our Credit Unions the power to connect with their members and stay competitive in a world where quick service is so important. This platform is easy to use and comes with so many benefits: workflows, automations, compliance and security all in one,” comments Carrie Heck, Regional Director for Sharetec.

To read the full success story, click here.

About Eltropy
Eltropy enables Financial Institutions to digitally engage in a secure and compliant way. Using our world-class digital communications platform, Credit Unions, Banks, Debt Collectors, Insurance Companies, Lenders and FinTechs can improve operations, engagement and productivity. Eltropy also integrates with IT systems and uses Analytics to provide member engagement insights.

About Platinum Federal Credit Union
Platinum Federal Credit Union was founded in December 1999 to serve the financial needs of Shia Imami Ismaili Community Members. Today, with over 10,000 members and assets in excess of $200 million, we are among the fastest growing credit union.

About Harvester Financial Credit Union
Since 1954, Harvester Financial Credit Union has grown its membership to serve residents of Shelby and Marion counties in Indiana. They have over 5,000 members and more than $70 million in assets.

About Sharetec
Sharetec, a provider of both service center and in-house core software solutions, delivers a return on investment (ROI), builds income streams and lowers operating expenses for over 250 credit unions. Since its establishment in 1993, Sharetec has grown steadily, welcoming over 50 new credit union clients in the past 3 years.

Carrie Heck
Account Relationship Manager
844-802-4441
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 and Conditions

For PDF version, click here

AuburnCanalsPhilad

PRESS RELEASE

August 4, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, is pleased to announce the milestone anniversaries of three of its key clients. The 15-year relationships that Sharetec has built with Auburn Community Federal Credit Union (ACFCU), Canals & Trails Credit Union (CTCU) and Philadelphia Letter Carriers Federal Credit Union (PLCFCU) are worthy of celebration, as each one reflects remarkable longevity and success.

Paul Malinowski, Chief Operations Officer, ACFCU, is happy to have such a valuable partner in Sharetec, who has supported their success since day one. “Sharetec has helped our credit union achieve its goals and objectives. For the past 15 years, we have considered them a part of our team as we work together to serve our membership and grow our credit union,” he explained.

Sharetec’s products and services are highly valued by CTCU, primarily due to the enhancements that the system has made possible. Janet Schuler, President, CTCU, stated, “Sharetec has helped us become more efficient, allowing us to give our members better services. We truly appreciate the commitment and support that the Sharetec team has given to us during the last 15 years.”

Robert Pino, CEO, PLCFCU, said that he and his staff think of Sharetec as a true partner. “The solutions that Sharetec provides are as good as you’ll find in the industry. Yet what separates Sharetec from the competition is their level of service,” he noted. “We deal with a lot of vendors, yet none want to see us succeed like Sharetec does. Whether talking us through a problem on a Friday, or meeting us on a Sunday to provide us with a new server, we can always count on Sharetec to offer the right solution—they’ve earned our absolute trust.”

Prior to selecting Sharetec, the credit unions were seeking an advanced core processor with a long list of benefits that would significantly impact their daily processes, as well as help them enhance their member services and stand above the competition. Partnering with a reliable vendor that evolves with changing technology and needs was vitally important, as was having timely and exceptional support.

Several issues that were encountered prior to 2006 remain common in the industry, including slow processing, lagging membership growth, increasing operational expenses and inadequate support. By partnering with Sharetec, the credit unions were able to move toward vast improvements. The solution’s leading-edge technology and the people behind it greatly enhanced functionality and efficiencies for both members and employees. They continue to benefit from a wide range of features, such as a user interface that decreases training time and the need for frequent support. Over time, the ROI was apparent, resulting in a lower cost of total ownership for the credit unions.

Dan Miller, VP, Sharetec, is pleased that so many Sharetec clients have become long-term business partners. “Our solution provides a solid foundation and so many tools to help credit unions not only improve processes but grow as a business,” he remarked. “We take pride in continually enhancing our features and functionality, which has added to our credit unions’ success and to the longevity of our relationships. I congratulate and thank each of our 15-year customers for valuing our partnership—as we value them.”

About Auburn Community Federal Credit Union
Since 1936, Auburn Community Federal Credit Union of Auburn, NY, has been a trusted provider of financial services in the Central New York area. As a member-owned credit union, they are committed to serving those in Cayuga, Onondaga, Oswego and Madison Counties, and to providing dedicated, friendly service as they keep the best interest of its members and their community in mind.


About Canals & Trails Credit Union
Since 1959, Canals & Trails Credit Union of Lockport, IL, has proudly remained an independent financial institution that provides high-quality service and satisfaction to its members. They serve the Lockport, Romeoville, Bolingbrook, Crest Hill, Homer Glen, Mokena, New Lenox, Orland Park, Lemont and Plainfield school districts, as well as many local businesses and government groups.


About Philadelphia Letter Carriers Federal Credit Union
Philadelphia Letter Carriers Federal Credit Union of South Philadelphia, PA, has been offering letter carriers and their families affordable banking, financing and loan options since 1947. The credit union takes great pride in their service, and the fact that when anyone calls during regular business hours, an employee will always answer to help in any way they can.


About Sharetec
Sharetec, a provider of both service center and in-house core software solutions, delivers a return on investment, builds income streams and lowers operating expenses for over 250 credit unions. Since its establishment in 1993, Sharetec has grown steadily, welcoming over 50 new credit union clients in the past three years.


Dan Miller, Vice President, Sharetec System
844-802-4441 | 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 and Conditions

For PDF version, click here

PeoplesCU DSOTsm

PRESS RELEASE

June 3, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces Peoples Credit Union in Springfield, CO signs with Sharetec to be their next Core Banking Solution.

“After using the same core system for 33 years and following much thoughtful consideration, Peoples Credit Union made the decision to convert our data processing to Sharetec System. We feel that this company has the capability to provide the highest level of technological products and services for our valued members, as well as allow our staff to operate at optimal efficiency on our member’s behalf. Peoples Credit Union constantly strives for perfection, security and integrity in order to meet our member’s financial needs and being able to improve efficiency for the staff with multiple vendor integrations is a bonus. We are looking forward to personalized support from a company that exhibits the same values that we do, but is large enough to stay abreast of evolving technology,” comments Deann Billings, CEO of Peoples Credit Union.

Peoples Credit Union will be utilizing our core services and much more which will ensure Peoples Credit Union has the success they want to achieve through their partnership with Sharetec.

Deborah Resavage, VP of Sales for Sharetec, comments, “Peoples Credit Union was thoughtful about what they wanted throughout this process. They felt that Sharetec would be able to provide them with the technology, security and personalized support that they need and want to offer their members. We couldn’t be happier to welcome them into the Sharetec family!”

About Peoples Credit Union
Peoples Credit Union has been open since 1956. The credit union has assets totaling $60.52 Million and provides banking services to more than 4,000 members. The credit union is a member-owned financial cooperative providing banking services including savings, loans, and other financial services to members. Membership is also open to immediate family of current members.

About Sharetec
Sharetec, a provider of both service center and in-house core software solutions, delivers a return on investment (ROI), builds income streams and lowers operating expenses for over 250 credit unions. Since its establishment in 1993, Sharetec has grown steadily, welcoming over 50 new credit union clients in the past 3 years.

Deborah Resavage
Vice President of Sales, Sharetec
844-802-4441
This email address is being protected from spambots. You need JavaScript enabled to view it.

For PDF version, click here

NatcoLogo2021sm

PRESS RELEASE

July 20, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces Natco Credit Union in Richmond, IN, extends contract another 10 years.

Cindy Duke, CEO of Natco Credit Union, comments, “Our partnership with Sharetec dates back more than 25 years. In an environment where technology plays a key role in where and how consumers bank, we are always looking for ways to bring new technology to members and prospective members. With Sharetec’s new approach and vision, we feel we have found an excellent way to do this by utilizing the vendor partnerships they have established. We are excited to sign a 10 year contract with Sharetec, working with Carrie Heck and the Sharetec team has given us the assurance that our partnership is strong. As we continue to grow, Sharetec will grow with us to ensure we are offering cutting-edge technology.”

“Natco Credit Union’s contract renewal is a huge win for us as many of our staff contributed and always enjoy working with the Natco team. When a client renews for such a long term, it is always a big deal for us. The dedication and hard work the Sharetec team provides our client’s is one of the many reasons we are able to help credit unions achieve their goals and serve their members,” comments Carrie Heck, Account Relationship Manager for Sharetec.

About Natco Credit Union
Established in 1945, Natco Credit Union currently serves over 16,000 members with just under $133 million in assets. Membership in Natco Credit Union is open to anyone who lives or works in the following Indiana counties – Wayne, Fayette, Randolph, Henry, Rush, Union and Franklin. Membership is also available to any industrial worker within a 25 mile radius of Richmond and family members of an existing member.

About Sharetec
Sharetec, a provider of both service center and in-house core software solutions, delivers a return on investment (ROI), builds income streams and lowers operating expenses for over 250 credit unions. Since its establishment in 1993, Sharetec has grown steadily, welcoming over 50 new credit union clients in the past 3 years.

Carrie Heck
Account Relationship Manager
844-802-4441
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 and Conditions

For PDF version, click here

Methuen RiverCommunity

PRESS RELEASE


March 17, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, is pleased to announce the addition of 16 new credit unions to its growing customer base in 2020, despite the challenges faced by many financial institutions over the past year.

Selecting Sharetec as a core processing system comes with many advantages, as these new clients have learned and will continue to discover in the months ahead. One such credit union is Methuen Federal Credit Union of Methuen, Massachusetts. When asked about their decision to implement Sharetec, James Brouder, CEO, stated, “Having realized that our current core system was lacking in many areas, we decided to search for a replacement. After evaluating several options, we made the decision to go with Sharetec. We look forward to bringing our data processing systems into the 21st century. We expect that Sharetec will partner with our credit union for many years to come and provide our members with many top-notch solutions.”

River Community Credit Union of Ottumwa, Iowa, is another new 2020 Sharetec customer. Their CEO, Nate Bissell, also shared positive feedback about his financial institution’s selection of Sharetec. “After being with our current core for many years, we were ready to make the change to Sharetec after seeing all of the abilities we have been missing! We are excited to be able to bring our members the technology they have been wanting and to increase their ability to bank on their terms,” he commented.

Sharetec is thrilled to see such tremendous growth in a year that brought so many new and unique challenges to the industry. Dan Miller, VP, Sharetec, noted that while they saw many credit unions struggling to adapt, they also witnessed how Sharetec’s advanced technology was able to assist with the most critical of needs. “While some credit unions were searching for a high-level core processing solution, others wanted to switch their existing core for a new and improved system,” he noted. “Yet no matter what the circumstances, Sharetec proved to be invaluable over the past year. Many of our clients, both new and existing, were thankful to have the system’s innovative features and functionality at their fingertips, helping them to overcome significant obstacles and meet the evolving needs of members and staff alike.”

About Methuen Federal Credit Union
Founded in 1956 as Methuen Municipal Employees Credit Union, the financial institution has been serving Methuen Municipal employees and their families for nearly 65 years. In 2012, they changed their name to Methuen Federal Credit Union and then expanded their charter in 2018 to serve all members of the Methuen, MA, community. Methuen is a member of the Credit Union Collaborative Network of the Merrimack Valley, a community of credit unions sharing knowledge and working together to better serve their members.


About River Community Credit Union
Established in 1928, River Community Credit Union is a long-standing financial cooperative that is committed to serving its members with excellence as it continues to grow by leaps and bounds. Located in Ottumwa, IA, River Community strives to offer premier financial products and first-rate personal service to its membership. Maintaining a high-level of service to their valued member/owners is in fact their number one priority.


About Sharetec
Sharetec, a provider of both service center and in-house core software solutions, delivers a return on investment, builds income streams and lowers operating expenses for over 250 credit unions. Since its establishment in 1993, Sharetec has grown steadily, welcoming over 50 new credit union clients in the past three years.


Dan Miller
Vice President, Sharetec
844-802-4441
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 and Conditions

For PDF version, click here