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Members “First” Community Credit Union wanted to increase their non-interest income while improving member relations. Implementing Sharetec's Tiered Courtesy Pay feature provides the credit union with a risk-based fee structure. This gives them the ability to offset the cost of processing and monitoring overdrafts, which in turn, provides a cushion (revenue stream) that is used to offset potential loses. The results - 11% increase in revenue, reduced fee reversals and improved member relations.
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We would like to extend our congratulations and best wishes to the following two Sharetec credit unions, who have been successfully utilizing our core processing solution for 15 years and 25 years respectively:
- Educational Community Alliance Credit Union based in Toledo, Ohio—since January 2005
- Keystone United Methodist Credit Union of Cranberry Township, Pennsylvania—since January 1995
Educational Community Alliance (ECA) Credit Union is celebrating 15 years of using the Sharetec solution. The credit union first opened its doors in 1934 as Toledo Teachers Credit Union, later evolving to help Toledo Public School employees, retirees and families succeed financially. They later expanded its membership to include anyone in the education industry in Toledo along with their family members. ECA has grown from offering basic financial services to providing a full suite of products and online/mobile convenience services. In addition to their local branch, they are proud to say that they have nearly 5,500 branches across the country through their participation in the Shared Branching network.
Our friends at Keystone United Methodist Federal Credit Union have been benefiting from Sharetec for 25 years. They were first formed in 1953 by a group of pastors as a means of pooling their resources to provide loans they wouldn’t otherwise have been able to obtain. Years later, Keystone is still providing loans and so much more including online banking, mobile banking, IRAs, online bill pay, electronic statements and many other services. Not only do they serve the financial needs of United Methodist (UM) clergy, the credit union is available to all UMs and their family members, as well as UM churches and organizations throughout the Western Pennsylvania Conference.
We are happy that these financial institutions are continuing to grow and prosper, and extremely pleased that Sharetec is helping them reach new levels of efficiency, for both members and employees. Congratulations to you both. We wish you many more years of prosperity and success!
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The New Year can certainly inspire one to dream big, take on tasks with renewed vigor and set fresh goals for ourselves, both professionally and personally. As credit unions set their goals and take measures to increase their success in 2020, they know that a large part of this success depends on how well they can meet their members’ diverse needs.
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Sharetec provides the products and services that keep your members happy and loyal.
With Sharetec's Easy Saver Program, members can increase their savings with each debit transaction they make. When a purchase is made, their transaction will be rounded to the nearest dollar and the difference is added to their savings account. Members can sit back and watch their bank accounts grow.
Member pays $3.78 for coffee at Starbucks…
Sharetec will round the total to $4.00…
and deposit $.22 in your member savings account.
Contact Sharetec today to learn more about Sharetec's Easy Saver Program!
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Refer a Credit Union to Sharetec and we will send you an Amazon $100 e-Gift card.
(To be eligible to win, the CU you are referring to us must not already be in contact with Sharetec, and an appointment must be set and completed between Sharetec and the CU you referred, before you will receive your gift card.)
Contact us at 844-802-4441 to refer a credit union.
