Posts Categorized: Uncategorized

DOING MORE WITH LESS

Supply chain issues and labor scarcity is present today in every industry including credit unions that are being impacted, particularly at the lower end of the employee range. How to best address the present labor shortage is on the minds of every credit union CEO heading into 2022 as many consider this cultural shift in… Read more »

2 SHARETEC CREDIT UNIONS SHARE SUCCESS WITH ELTROPY

Leading Credit Unions into the Digital Revolution, Eltropy uses their world-class digital communications platform to help Credit Unions improve operations, engagement, and productivity. Teams across the entire Credit Union can leverage Eltropy’s award-winning, secure and compliant Text Messaging platform to increase member engagement, as well as relevant insight via Analytics. Sharetec Credit Unions like Harvester… Read more »

SEVERAL CREDIT UNIONS ACROSS THE US ARE SEEING GREAT SUCCESS WHILE UTILIZING SHARETEC’S QUICK QUERY AND ODBC TO GATHER BIG DATA AND INTERPRET IT TO TAKE ACTION.

Credit unions are having great success with Big Data through the Sharetec system, which helps credit unions grow and be more responsive to member needs. Sharetec big data processing, provides several tools for retrieving and analyzing credit union data including Results, a graphical report writer native to the operating system, and Quick Query, an easy… Read more »

CREDIT UNION INCREASES ASSET SIZE 830% SINCE CONVERTING TO SHARETEC

Before converting to Sharetec, Winnebago Community Credit Union (WCCU) asset size was around $15,000,000. Since converting to Sharetec over 20 years ago, WCCU has had remarkable success growing their asset size to more than $140,000,000, including a huge increase in their loans. This growth brings them to an incredible asset size increase of 830%. Tony Tiede, President… Read more »

Members are getting even pickier with their standards of service excellence…

Modern technology and instant communication social and retail platforms have conditioned your credit union members to expect instantaneous results. People – you, me, your members – have lost the ability to wait. Tweets, Instagram, and texting require no patience and they provide users with immediate gratification. And people have come to expect the same from the… Read more »

A Non-Interest Revenue Stream: Tiered Courtesy Pay

Are you looking for a non-interest revenue stream? Well, Sharetec’s Tiered Courtesy Pay is the right fit for you! Credit unions rely on non-interest income as a reliable source of revenue. Tiered Courtesy Pay is one of those services that credit union can offer their members to help the member stay in the good graces of… Read more »

Is it Time to Go Digital?

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… Read more »

ARE YOU STAYING CONNECTED TO YOUR MEMBERS?

Credit union members have a very different financial journey from that of customers of a standard bank. They want to feel a part of the business that they trust with their money. They want a different level of engagement and sense of ownership. Adoption of mobile banking by consumers has been on a slow but… Read more »

KEEP SECURITY AT THE FOREFRONT OF YOUR BUSINESS

Credit unions are investing billions in security and compliance, and it’s not looking to slow down over the next year. According to CUTimes, identity crimes are modern-day bank robberies, and highly profitable ones at that. Once a cybercriminal is in possession of a member’s personal data, it can be used over and over in various combinations. Even… Read more »

SHARETEC’S HOME AND MOBILE BANKING

In these uncertain times, it may feel like the entire world has shrunk to the size of a computer or smartphone. After all, credit union members are interacting with credit unions primarily through mobile apps due to social isolation guidelines. Mobile platforms have gained more power as make-or-break channels for attracting and retaining members, and… Read more »