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Members “First” Community Credit Union was looking for ways to lower their operating expenses. After implementing Sharetec's eNotices module, the credit union has reduced their monthly expenses and provided quicker notifications to their members. Members "First" Community Credit Union saves big money on postage expenses and has additional savings from envelopes, paper, ink, folding, and staff time. Since Members “First” Community Credit Union started using Sharetec’s eNotices module, they have reduced their monthly expenses $975.00, with an annual savings of $11,700.
“We appreciate the fact that Sharetec 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.” Teri McEwen, CEO of Members “First” Community Credit Union
Click here to read the full case study.
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How many times do potential savers aim for the piggy bank but miss the mark? Certainly, committing to a savings plan isn’t easy, and making regular savings account deposits can be even more challenging. That’s where Sharetec’s Easy Saver feature comes in handy as a sweet way to accumulate extra funds!
Easy Saver provides a convenient and painless way for your Credit Union members to save with ease. This account feature helps them stay on target by building their savings accounts effortlessly and incrementally, without having to make larger, lump-sum deposits. Members can accumulate a modest savings, a little at a time—without even missing that extra change!
The idea behind Easy Saver is simple: members’ debit card transactions are rounded up to the nearest dollar and the difference is securely deposited into a designated savings account. Funds can go directly into a member’s savings account or into another member's account, such as a child or grandchild. Eligibility only requires that the member have a savings account, checking account and a debit card set up to make purchases.
Provide your members with a savings plan that truly hits the mark! With Sharetec’s Easy Saver, you’ll help your members transform their extra change into funds that can be effortlessly and easily accumulated - what a sweet way to build savings!
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Sharetec's Auto-Enrollment allows credit unions to provide their members an easy to use, secure and user-friendly option to view and print eStatements and eNotices from the convenience of any device with internet access.
Before Winnebago Community CU (WCCU) switched to Sharetec's Auto-Enrollment, only 32% of their members were using Online Banking, and only 16% of those members were using eStatements and eNotices. There are around 96% of WCCU's Online Banking members using eStatements and eNotices. That is a 500% growth and an annual savings of $14,500.
To read the full case study, click here.
If you are ready to implement Sharetec's Auto-Enrollment, contact us today at This email address is being protected from spambots. You need JavaScript enabled to view it..
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TransFund has been partnering with community FIs to deliver an EFT processing program with best-in-class customer service for more than 45 years. Is it time for you to consider the TransFund advantage?
Below are a few reasons why other credit unions switched toTransFund.
- All TransFund Conversion Costs are Waived
- Exciting New Products will be Included
- Pricing is Locked
- Turn-Key Instant Issue
- Reissue the Portfolio, or Simply Move it Over
- Maximize Non-Interest Income
- Custom Cards, Every Time
- Complete Marketing Support
- Credit Card Programs
- Excellent Fraud Management Tools
For a no-obligation program analysis and pricing proposal, contact your Sharetec Rep today at sThis email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.transfund.com for more information.
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Some 78% of financial executives think their work is going to change over the next five years because of new digital business trends, says the Deloite Center for Financial Services Banking Outlook Report. Members now expect to interact with a credit union the same way they order groceries or pizza. These consumers want to head into a branch or hit digital channels that can provide instant gratification. One of the trends that is shaping the digital landscape for credit unions into 2020 is moving to the cloud.
While the digital forces drastically changed industries around them, the financial sector seemed protected from the chaos. Vertically integrated business models seemed to insulate them from external forces, and banking regulations made it nearly impossible for competitors to get into the game.
But the digital tide financial executives thought they’d outpaced is now rolling in. It is coming in the form of rising customer expectations, unexpected competition, and the evolution of the platform economy. All driven by digital technology. According to a study from NNT Data, nine in 10 financial services executives think this is the year for a full-scale digital transformation. Financial institution leaders are done investing in just bits and pieces here and there. Instead, they’re favoring a fundamental change in technology and process.
Members are demanding service excellence through a host of digital channels. Your core and member services platforms need to be agile enough to deliver and then scale. Sharetec can help! Contact us today!
