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RocketCollectorSm

PRESS RELEASE

December 1, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, proudly announces the success of its Specialist Collections Software, Rocket Collector, in helping a large government management organization increase its collections productivity by 30%, along with a multitude of other improvements.

Serving a population of 149,000, the organization had recently undergone a transformation to centralize its debt management function. Collections for the various payments due were being centralized to improve average performance. While this effort produced positive results, there was still room for improvement to drive a best practice approach.

The organization was frustrated by their existing system’s limitations and inefficiencies. Key challenges included large volumes of cases and insufficient staff, inability to prioritize workloads, working from long, static lists which led to missed accounts, and mounting arrears from lengthy payment reconciliation (up to three weeks). Debtors were also forming bad habits as they were often not contacted in a timely manner after missed payments.

The organization engaged an external consultant to identify weaknesses in their existing debt collection processes. They then scoped out the requirements for a software package to improve their collections. A comprehensive bid process was conducted which resulted in Rocket Collector being awarded the contract.

The organization saw the solution as an excellent value that would provide the advanced functionality they required. Rocket Collector could help them reduce costs, collect more debt and save substantial time by integrating with their existing system. Its proven track record, rapid implementation, exceptional support, reliability, security, flexibility and ease of use also swayed the organization, as well as its far-reaching versatility in serving a variety of industries.

Head of Management Accounting for the organization stated, “We have saved a huge amount of time as a result of the new system, which I never envisioned. It will more than pay for itself. My only regret is we didn’t get it years ago.”

The organization has accomplished the complete integration and automation of its financial management operations, resulting in maximum business efficiency, revenue/debt recovery success and more. They expect the return on investment to be substantial as they continue to benefit from all that Rocket Collector has to offer. Learn more at rocketcollector.com.

To read the full case study, click here.

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 three years.

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

For PDF version, click here
  

news
PRESS RELEASE

November 3, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces that LM Federal Credit Union (LM FCU) in Baltimore, Md., and Community Credit Union of New Milford, Conn. are now live on Sharetec.

By converting to Sharetec, LM FCU and Community Credit Union are providing their staff with a more efficient and user-friendly system, with many of the manual tasks completed by the software. They’re also ensuring that members have cutting-edge home and mobile banking tools to leverage technology on their own, further improving their member experience.

Mark Bold, LM FCU President, said, “Sharetec will significantly improve our efficiency by automating many of our current manual processes. We’re especially excited about the integration with our loan origination system that will streamline the lending and member enrollment processes, saving staff time and improving our member experience.”

John Kmetz, CEO of Community Credit Union said, “We chose Sharetec because their organization aligns with who we are as a credit union. Our primary goal in the selection process was to not only select a core processor but align ourselves with a partner that would be responsive to our needs and help us accomplish our goals and objectives.”

Paul Stevens, Sharetec Vice President, said, “We’re quite excited to welcome LM FCU and Community Credit Union to the Sharetec family and for them to recognize the increased efficiency that comes with our system. Both credit unions will be taking advantage of Sharetec products like Online Member Services, ACH Origination, Remote Deposit Capture and many more to help increase their offerings and grow their memberships.”

About LM Federal Credit Union
Founded in 1942 by employees of the Glen L. Martin Aircraft Company, LM FCU has grown to over $45 million in assets and serves employees of the Lockheed Martin Aerospace Company, the Maryland Air National Guard and several other employer groups in Baltimore County.

About Community Credit Union of New Milford
Originally chartered as the Kimberly-Clark Employees Credit Union in 1959, Community Credit Union has been serving the entire New Milford, Conn., community since 2000.

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 being established in1993, Sharetec has grown steadily, welcoming over 50 new credit union clients in the past three years.

Paul Stevens
Sharetec Vice President
844-802-4441
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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 and Conditions

For PDF version, click here.
 

ScottWhiteSavvy 

PRESS RELEASE

October 13, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces Scott & White Employees Credit Union (SWECU) in Temple, TX, has experienced great success through Sharetec’s partnership and integration with SavvyMoney.

Celeste Kaylor, President/CEO of Scott & White Employees Credit Union comments, “The SavvyMoney solution provides users access to money-saving pre-qualified loan offers based on their credit score, simultaneously creating real-time targeted marketing lists for credit unions. SWECU is very pleased with the product and we have seen great successes! We have implemented marketing tools and promotional offers which have increased our loan applications and loan funding totals.” JB Orecchia, President and CEO of SavvyMoney, said, “We are thrilled that SWECU is seeing great results from our credit score product. A win-win for the member and the credit union!”

Sharetec’s partnership and integration with SavvyMoney is a solution that provides comprehensive credit score analysis, full credit reporting, monitoring, and personalized offers—all in one dashboard. With SavvyMoney your members will have instant access to their credit score, credit report, personalized money-saving offers, and financial education tips on how to improve their score. Deborah Resavage, VP of Sales, Sharetec System, comments, “We couldn’t be more pleased with the successful partnership that we have with SavvyMoney. This partnership provides our customers with best-in-class service and real results!”

To read the full success story, click here.

About Scott & White Employees Credit Union
Located in Temple, TX, Scott & White Employees Credit Union is a full-service financial institution with approximately 4,376 members and $65 million in assets.

About SavvyMoney
SavvyMoney is an award-winning fintech company who works with over 700 financial institutions. SavvyMoney provides an integrated credit report and score solution right into financial institutions’ online and mobile banking. Customers get actionable advice about their credit score, report, and saving opportunities from pre-qualified loan offers. SavvyMoney's analytics platform provides the financial institution with full visibility to users’ credit scores trends, wallet share analysis, and targeted lending campaigns. 

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
VP of Sales
1-844-802-4441
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.
 

ERSCUs

PRESS RELEASE

October 20, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces three more Indiana credit unions are leaving ERS and moving to Sharetec to be their next core system.

Sharetec is proud to announce three credit unions, all located in Indiana, have made the decision to move to Sharetec. Riverside Community FCU, located in Marion, T.H.P. Federal Credit Union, located in Terre Haute, and Whitewater Regional Federal Credit Union, located in Connersville, are leaving ERS after an extensive review and analysis of the products and services offered through Sharetec.

Micah Wright, CEO of Whitewater Regional FCU, comments, “After looking at multiple core systems, we felt the technology that Sharetec uses was a perfect fit for our credit union. My staff felt at ease with how easy Sharetec was to navigate. The fact that they are local to Indiana also contributed to our decision. Lastly, it gave us a huge peace of mind knowing that so many Indiana credit unions are using the Sharetec platform.” Tim Moorman, President of Riverside Community FCU, adds, “The team is excited to move into the Sharetec system, and hope to use it as long as we had our last system.”

All three credit unions will be utilizing Sharetec products like eNotices, eReceipts, and Dashboards to better serve their members. Matt Isger, Regional Director for Sharetec, comments, “Sharetec is humbled to welcome these credit unions. We have called on them for so many years, and now we are excited we get to serve them as they grow their credit unions.”

About Riverside Community Federal Credit Union
Since 1940, Riverside Community Federal Credit Union has provided first-rate, affordable financial services to its members, which includes anyone who lives, works, goes to school, or worships in Grant County, Indiana.

About T.H.P. Federal Credit Union
T.H.P. Federal Credit Union opened in 1941 and offers various banking and financial related services to employees of the Federal Correction Complex of Terre Haute.

About Whitewater Regional Federal Credit Union
Providing fast, friendly, convenient service for all their members since 1939, Whitewater Regional FCU is located in Connersville, IN, and serves Fayette, Franklin, Rush, and Union Counties.

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.

Matt Isger
Regional Director
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.

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