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savvy money
PRESS RELEASE

June 16, 2020 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces a strategic partnership with SavvyMoney to enhance Sharetec’s home and mobile banking solutions. Sharetec has experienced exponential growth over the last few years, and the partnership with SavvyMoney elevates their capabilities and delivers additional cutting-edge technology to their credit union clients.

End users will have access to a credit score and report tool, which explains key factors that influence their credit, monitors their report for changes and allows the ability to update their credit report daily. The credit score “offer engine” highlights key savings opportunities with pre-qualified loan offers based on the user’s credit score.

“Two of our organization’s main goals are to keep things smart and simple,” said Dan Miller, VP, Sharetec System. “We’re interested in enhancing productivity for our credit union clients. 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.”

“Our solution for financial wellness and loan growth aligns perfectly with Sharetec’s vision for simplicity,” said JB Orecchia, SavvyMoney’s CEO. “Consumers can easily manage and understand their credit score and work to improve and maintain a good credit rating, which enables them to qualify for the best rates on loans.”

Sharetec and SavvyMoney will partner to offer a simple financial wellness solution that empowers credit union members to take control of their financial future with easy-to-understand, actionable advice about their credit. The integration will allow credit unions to be up and running with the solution in less than 60 days.

About SavvyMoney
SavvyMoney is an award-winning fintech company who works with over 400 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.

Dan Miller, Vice President, Sharetec System              Jessica Friedman, SavvyMoney
844-802-4441 | This email address is being protected from spambots. You need JavaScript enabled to view it.                   925-390-3020 | @SavvyMoneyTip
www.sharetec.com                                                      www.savvymoney.com

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

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NorthernINBlue

PRESS RELEASE


May 26, 2020 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces Northern Indiana Federal Credit Union (NIFEDCU) has selected Sharetec to be their new core system.

In 2019, NIFEDCU’s Board & Management Team participated in Strategic Planning where it was determined that the CU had to offer the same products, programs, and technology offered by larger, traditional financial institutions. Technology and innovation emerged as key priorities. As a result, it was determined that NIFEDCU needed a new core system.

Christine Biasi, President & CEO, explained "In order to position NIFEDCU for future growth, it was essential that we partner with a company that not only provided an innovative system, but one that also integrated a suite of complimentary solutions outside the core program including a comprehensive loan operating system including the ability to provide both direct and indirect lending; remote deposit; online banking/bill payment; remote signature; direct issue debit cards; and integrated interfaces for credit and debit card programs. In the absence of a seamless, unified approach, augmenting individually would have been an exhaustive process.”

Christine continued “Having overseen several core processor conversions, it did not surprise me when my NIFEDCU team chose Sharetec. With Sharetec at the hub on the CU’s entire operating system, I trust the management team and the conversion crew’s proven success, which is fundamental to my confidence in the Sharetec Core Processing system.”

Matt Isger, Regional Director for Sharetec, comments, “The team at NIFEDCU were diligent in their method to evaluate many parts of the core solutions they were considering. With many of the credit union’s processes being automated, I am looking forward to watching the dramatic transformation on Sharetec.”

About Northern Indiana Federal Credit Union
Located in Merrillville, IN, Northern Indiana Federal Credit Union has been serving its members since 1935. Membership is open to employees of companies belonging to Select Employee Groups, as well as their family members and/or household 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.

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

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WesternIN
PRESS RELEASE

April 21, 2020 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces Western Indiana Credit Union in Sullivan, IN, has selected Sharetec to be their next core banking system.

Mitzi Perkinson, CEO of Western Indiana Credit Union, comments, “When the decision was made to begin the search for a new core processor, I knew that I wanted to work with a company that has similar values, respect, and service that we provide to our own members on a daily basis. It was very evident from the start that this is the case with Sharetec. They have a highly dedicated team with personable service. There is no doubt that our decision to convert to Sharetec will help us grow and continue to serve our members in ways we haven’t been able to in the past!”

“Western Indiana Credit Union was very thorough in their search for a new core platform. Some of their efforts included multiple demonstrations, site visits to see the system in action, and a number of phone calls to customers using Sharetec. We are proud to welcome the WICU staff to our Sharetec family, and are honored that our customers gave us their strong recommendations,” comments Matt Isger, Regional Director for Sharetec.

About Western Indiana Credit Union
Western Indiana Credit Union was established in 1932 by local farmers in hopes to help the community. Since then, we have continued to grow and have expanded our services. WICU is a not-for-profit, member-owned financial institution. WICU is governed by a board of directors which are comprised of members of our community. They serve on a volunteer basis and are elected by members of the credit union. We are proud to stay true to our founding values of "People Helping People".

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 for 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

news
PRESS RELEASE
May 20, 2020 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces that it has made numerous measures available to its credit unions and their members across the country who may be struggling with issues related to the ongoing coronavirus pandemic.

To assist its credit unions in better servicing their members and help them through what could be disruptive times, Sharetec reached out to these financial institutions to announce these specific measures that we would make available to them, which include:

    • Temporarily waiving late fees for all loans
    • Turning off the Regulation D limitations so members can freely move their funds to transactional accounts
   
• Temporarily waiving overdraft fees until a certain date
   
• Temporarily waiving excessive transaction fees until a certain date
   
• Helping to incorporate a skip payment(s) program if the credit union does not already have one
   
• Increasing debit card limits, if controlled by Sharetec
   
• Waiving penalties for early CD withdrawals
   
• Waiving monthly service fees

One such credit union that has benefited from Sharetec’s specialized assistance during the pandemic is Money Federal Credit Union (MFCU) of Syracuse, New York. Like most financial institutions, they have members who are struggling with financial obligations such as auto loans, house payments and service fees, and often times, cash shortages due to extenuating circumstances. Wanting to help these credit unions and their members adversely affected by the crisis, Sharetec offered these special provisions to help alleviate some of the financial burden.

According to Linda Fitzgibbons, Chief Operating Officer, MFCU, rapid changes were affecting their credit union and its members. “Like most other financial institutions, our way of doing business changed quickly and unexpectedly over the past few months. Sharetec was as responsive as ever, offering advice and taking a proactive approach in regards to what the system could do to further help our members, and us. The Sharetec support team was the reliable business partner we needed during these uncertain times.”

As credit unions continue to change how they service their members, Sharetec is well prepared to adapt to their shifting needs. The company is fortunate in that its business and IT infrastructure are easily transitioned to a remote environment. As many of our Sharetec support team members are able to work from the safety of their homes, they are effectively collaborating to serve credit unions as if they were in their usual office environments. Dan Miller, Vice President, Sharetec, stresses that credit unions can be assured that Sharetec will continue to be readily available to serve them, both now and in the future. “During these unsettling times, we want our credit unions to know that our partnerships are invaluable to us, as is the financial well-being of these institutions and the members they serve. In keeping their best financial interest at the forefront, we will continue to adjust to the current state and provide assistance however we can. We will be working gladly and efficiently to service them daily in a remote environment, and we are poised to continue this practice into the future.”

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.

Dan Miller
Vice President
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

news
PRESS RELEASE

April 9, 2020 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, is pleased to announce that Horizon Credit Union of Kingsport, Tennessee, has opted to implement the full features and functionality of the Sharetec Core Processing Solution.

When Horizon Credit Union set out to replace their existing system with a new and improved core processing solution, they had specific enhancement goals in mind. According to Beverly Boling, Horizon’s CEO, their financial institution required a smart solutionone that would offer the perfect combination of an innovative core processing system and a knowledgeable, supportive service provider. “We were looking to greatly improve our credit union’s overall functionality to enhance our daily processes and the level of service we provide to our members. We also sought to achieve a better value for our investment,” states Beverly. “Therefore, when we learned about Sharetec’s long list of benefits, we took the next step and requested a demonstration. We wanted to determine if the system would fully meet our needs, and if the people behind the solution would adequately support us.”

In order to highlight the software’s innovative features and functionality and offer their support, the Sharetec team provided Horizon with thorough demonstrations and continued to address their key questions and concerns along the way. As the credit union had an opportunity to view the system’s vast capabilities firsthand, they discovered that Sharetec was highly capable of meeting their technical requirements.

As Horizon continued to explore Sharetec’s features and benefits, it became clear to their decision makers that more efficient processing would greatly reduce the time spent on manual and labor intensive tasks. Sharetec would also provide peace of mind by offering a lower base cost without any surprise rate increases. Additional benefits for Horizon would include the cost savings that would result from interfacing with a new debit card processor and an improved client support experience offered by the Sharetec support team.

Overall, Horizon’s decision makers were thoroughly impressed that Sharetec would be capable of meeting all of their objectives, including their firewall/IT specifications. They were especially pleased that they would be able to convert from their existing system and move forward with the innovative solution with a conversion date firmly in sight.

From the beginning, Horizon sought to find the ideal partner that would help them achieve their objectives. Thanks to Sharetec and its team of professionals, the credit union is now on the right path to successfully doing so. The core system will be used by the entire staff for all credit union processing, as well as interfacing to countless third-party applications and online/mobile banking software.

Dan Miller, Vice President, Sharetec, notes that his company is extremely pleased with their new business partnership and is looking forward to assisting Horizon in any way possible. “Stellar results are expected as our solution will significantly reduce Horizon’s ongoing costs for core processing software, while also providing exciting new efficiencies for its staff and cuttingedge, member-facing technology,” says Dan. “We know how vital it is for credit unions to succeed in this competitive industry, which is why we offer the most innovative solutions backed by strong service and support all with a return on investment (ROI) that credit unions can appreciate.”

About Horizon Credit Union
Horizon Credit Union is proud to be a member-owned financial institution headquartered in Kingsport, Tennessee. Horizon serves 6,318 members and boasts assets of approximately $56 million. Its 30 employees work in four locations in the region, including both the main office and a second office in Kingsport, as well as locations in Mount Carmel and Church Hill.

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.

Dan Miller
Vice President

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 & Conditions

For PDF version, click here