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Credit union members appreciate the ease of using Allied Payment Network for their bill pay and person-to-person transactions; the adaptability to mobile offers them access wherever they are. This accessibility puts credit unions in a great position to be the full-service financial provider that many members seek, as it did for Members First Credit Union in Madison, WI.
Jenny Kutz, Vice President of Operations for Members First Credit Union, comments, “After seeing Allied Payment Network at Sharetec’s Users Conference, we knew we wanted to utilize its technology for our many members whose primary relationship with the credit union is auto and HELOC loans. We thought PicturePay would be a great way to help push checking accounts to these individuals.” Jenny continues, “Implementing both of Allied’s services grew the number of members who use bill pay by 25% and, in turn, these members increased usage on their checking accounts. Additionally, transactions initiated through PicturePay and P2P have increased approximately 50% compared to our previous bill pay provider.”
PicturePay technology allows members to pay bills and set up payees from their mobile phone by simply taking a photo of their bill. Allied’s P2P solution provides real-time person-to-person transaction speed, allowing recipients to accept payments through standard ACH or in real time to their debit cards.
To read the full case study, click here.
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Sharetec’s Fixed Assets program is not only smart and customizable but a perfect way to avoid a potential meltdown over dreaded account errors. The Fixed Assets program auto-depreciates your assets and correctly updates the general ledger entries based on the parameters that you establish. Your Credit Union simply provides the depreciation start date, acquisition amount, asset life, frequency, and salvage value and Sharetec takes it from there.
Sharetec’s Fixed Assets program will work diligently to assist your Credit Union in avoiding errors. The system enables you to create your own fixed assets types, as well as connect the proper general ledger accounts to them. Therefore, when your assets are auto-depreciated, you avoid any possible frustrations caused by errors as the system easily utilizes the correct general ledger accounts and eliminates mistakes.
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Planites Credit Union (PCU) has been utilizing Online Member Enrollment for many years and has had great success enrolling members online, and in return, provides maximum efficiency to their staff members.
Online Member Enrollment allows PCU’s new members to enroll and existing members to open new accounts and apply for loans – at anytime from anywhere. In addition, security is enhanced by validating identification and reducing fraud via its secure application process.
PCU analyzed a number of data points from the membership, and evaluated the ways members are joining the CU. The results showed 75% of new members were onboarding remotely using this technology.
To read more about this success story, click here.
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Join Sharetec at this year's 2019 COLLABORATION CONFERENCE REDEFINING YOUR PURPOSE SCCUA Conference & Golf Event
Stop by Booth #33 and see why so many Credit Unions nationwide are making the switch to Sharetec! Play Guess the Cash and you could be the winner taking home the cash jar!
Sharetec will be exhibiting at many other CU League Conventions over the next couple weeks, poised to demonstrate how our efficient core processing solution can make all the difference! To find Sharetec at other conventions coming up, click here.
ABOUT SHARETEC
Sharetec credit union management software features all the tools your employees need to handle day to day operations, including many standard features othercores consider optional. Specializing in the tools you need to reach and serve more members, we offer In-House, Service Bureau, E-Services, Home Banking, and Mobile Banking options.
Call us at 844-802-4441 or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..
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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.)
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