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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
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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
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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

CU Logos 25yr

PRESS RELEASE


February 25, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology ofsimplicity, is pleased to announce the 25th anniversaries of four of its business partners in 2021. These partnerships include Genesis Employees’ Credit Union, Latrobe Federal Credit Union, Natco Credit Union and Slippery Rock University Federal Credit Union. Sharetec is proud of how these mutually beneficial business relationships have blossomed, helping its clients thrive while enabling Sharetec to continually improve its innovative solution year after year.

Although unique financial institutions, these four credit unions had common threads that lead to theirdecision to implement Sharetec. Before selecting a partner, Genesis, Latrobe, Natco and Slippery Rock all realized that in order to stand out in a highly competitive market, they required an advanced core processing system with exceptional service. Their goal was to partner with a trusted company that would provide leading-edge technology backed by high-level support, enabling them to grow and meet the evolving needs of both current and future members.

Each credit union saw the Sharetec solution for what it is - a proven core processor with a long list of benefits. Remarkable features include a user interface that reduces training time and the need for daily support, as well as its ability to deliver an excellent ROI and lower cost of ownership. Overall, the solution would significantly improve functionality and efficiencies for both staff and members, giving them the criticaledge that they need - as well as friendly, reliable support when they need it.

Sarah Johnston, Manager, Latrobe FCU, feels fortunate to have been with Sharetec for 25 years. “When I speak with other credit unions, I find we do have exceptional reports and service. No matter what the problem, I know that when I call the help desk, I am going to have fast, friendly and accurate service,” she explained. “Everyone is so nice and willing to fix the problem to keep us running smoothly. I highly recommend Sharetec to any credit union—they are like family to us!”

Over the past 25 years, Sharetec has been a valuable partner to Natco CU as well, helping them grow and offer new products, services and technology to their members. Cindy Duke, CEO, Natco CU, noted, “From sales to support to programming, the Sharetec team provides excellent service. We appreciate that they stay current on new technology and partner with other companies so we can continue to meet the needs of our members.

”According to Lynne Griffith-Schall, CEO, Slippery Rock University FCU, Sharetec did a fantastic job of making the transition as seamless as possible when they moved to their new building last September. “There were no interruptions to our day-to-day operations and members didn’t experience any downtime,” she stated.

Many of the issues that these credit unions were struggling with remain relevant today. Mounting operational expenses, an inefficient paper-centric system, deficient support, lack of reporting capabilities,slow loan processing and sluggish membership growth can all cause a credit union to fall behind. Fortunately, Sharetec can resolve these issues and more.

“Our credit unions know how critical it is to stand out among their competitors,” stated Dan Miller, VP, Sharetec. “Our solution provides the functionality they need to address the issues that may be stunting their growth and help them rise above the competition. We are honored to support them by continually enhancing our product and services so we can better meet their evolving needs. I thank each of our long-term partners for contributing to our success as we help them move forward and achieve their goals.”

About Genesis Employees’ Credit Union
Genesis Employees’ Credit Union is a member-owned, not-for-profit financial institution located in Zanesville, OH. Steadfast in their philosophy of “members helping members,” they have been serving the financial needs of Genesis Healthcare Employees and its affiliates with excellence since 1973.

About Latrobe Federal Credit Union
As a member-owned, non-profit financial institution located in Ligonier, PA, Latrobe Federal Credit Union is run strictly for the benefit of its members. The financial institution continually strives to provide its members with higher yields on savings and lower rates on loans, with the goal of helping each member attain a strong and secure financial future.

About Natco Credit Union
Located in Richmond, IN, Natco Credit Union operates as a not-for-profit organization with the interests of their members in mind. With a mission of “helping people live better lives,” they seek to pass along each dollar of income generated to their members, enabling them to gain higher dividends on savings, lower interest rates on loans, support services, convenient money management tools and more.

About Slippery Rock University Federal Credit Union
Slippery Rock University Federal Credit Union is a full-service financial institution that has been serving the Slippery Rock community since 1958. Focused on the financial needs of their members, they offer many of the same products and services as banks but without the added fees. The credit union is committed to quality, personalized service, a wide variety of products and the best rates possible.

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.

RiverCommunity

PRESS RELEASE

March 4, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces River Community Credit Union in Ottumwa, IA, has selected Sharetec to be their next core system following an extensive review with six other core systems.

Nate Bissell, CEO of River Community Credit Union, comments, “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.”

Following their extensive review, River Community Credit Union’s decision to select Sharetec also came from multiple demonstrations and a number of phone calls to Sharetec customers. The credit union will be taking advantage of Sharetec products like, Online Member Services, ACH Origination, Remote Deposit Capture, and many more to help them increase their membership growth and offerings to their members.

Carrie Heck, Account Relationship Manager for Sharetec, comments, “River Community was very thorough in their search for a new core platform. 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. We are proud to welcome the River Community staff to our Sharetec family.”

About River Community Credit Union
River Community Credit Union has been serving its members since 1928. In the beginning, eleven men started the Credit Union with C J Morrow as its Founder. The Credit Union was open only to the U.S. Postal Service workers and known as the Ottumwa Postal Employees Credit Union; but because of sound management and excellent service other small companies and businesses joined in. Due to the ever-increasing satisfied members, Ottumwa Postal Employees Credit Union opened to the surrounding communities and changed its name to River Community Credit Union in 2000. In 2002, River Community Credit Union was very pleased to welcome the merger of the Ottumwa Railroad Employees Credit Union.


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

winnebago
PRESS RELEASE

January 28, 2021 - FOR IMMEDIATE RELEASE

LINO LAKES, MN – Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces Winnebago Community Credit Union (WCCU) has increased their asset size 830% since converting to Sharetec 20 years ago.

When Winnebago Community Credit Union (WCCU) converted to Sharetec, their asset size was around $15,000,000. Over the last 20 years, with support and assistance from Sharetec, WCCU has had remarkable success, growing their asset size to more than $140,000,000, as well a huge increase in their loans. This growth brings them to an incredible asset size increase of 830%.

Tony Tiede, President of WCCU, comments, “Sharetec has provided efficient and effective software and support over the last 20 years. Our goal is to continue to grow aggressively by “Helping Make our Members Dreams Come True” with Sharetec as a major partner. We have just renewed our software agreement with Sharetec for another seven years.”

“I can remember the first meeting with Tony and his team. It was clear they had a vision of always offering the best possible service to their members and employing incredible staff and technology to make that happen. We are thrilled to continue to be a strategic partner with Winnebago Community CU. It is exciting to keep offering the very best tools and solutions to help them provide their excellent service and incredible growth,” comments Keane Kulak, Regional Director for Sharetec.

To read the full case study, click here or visit https://www.sharetec.com/case-studies.

About Winnebago Community Credit Union
With over 8,000 members, more than $140 million in assets and $100 million in loans, Winnebago Community Credit Union currently serves members who live or work in Winnebago, Fond du Lac or Outagamie counties in Wisconsin.

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.

Keane Kulak
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 maychange over time. Terms and Conditions

For PDF version, click here.