Blog

Data Systems’ Response to the COVID-19 Outbreak

Data Systems-Sharetec is closely monitoring the circumstances surrounding Coronavirus (COVID-19). We have a team reviewing daily postings from the Centers for Disease Control and Prevention (CDC), World Health Organization (WHO), and our state and local authorities to ensure we stay on top of developments in the event proactive measures need to be taken.

Some important factors from our business continuity plan you should know during this time of uncertainty:

  • The service and support you depend on daily will continue just as it always has. Our employees are dedicated to providing support and should the need arise, our team is equipped to be able to work from home. We are monitoring employees who travel and will impose self-isolation when applicable.
  • Our fully redundant data centers will continue to provide uninterrupted service that you can rely on. We expect no interruptions.
  • Scheduled migrations, upgrades, and conversions will continue as planned. If changes need to be made in response to something happening at your credit union, please contact your project coordinator or our Customer Care Team.
  • Our Users Conference is set for September 2020 and we will continue to closely monitor the situation and provide updates as needed.

Data Systems-Sharetec is well prepared for this time of uncertainty and want to help insure your peace of mind. Thank you for your continued partnership and we will continue to update you on this ever-changing situation as the need arises.

All questions about this should be directed to Customer Care.

Automate with Sharetec’s Xpress Accounts!

Sharetec Xpress Accounts


Sharetec’s Xpress Accounts Helps Automate the Enrollment Process! 

Sharetec’s Xpress Accounts facilitates the entire end-to-end new member enrollment & funding transaction. Included is credit reporting, ID verification, check history, account funding, switch-kit documents & personalized cross-selling for all loan products.  All of this is done within minutes.

Utilizing your home banking platform, the system allows new & current members the ability to open & find accounts quickly & easily. Members’ have access 24/7 from the convenience of their home or office.

*open accounts
*authenticate
*funding/decisioning
*switch kit & docs
*upload to core
*cross selling

It is quick & safe, reduces fraud while improving your members’ experience!

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.

Contact us today for more information!

Primary Financial Relationship

 

Primary Financial Relationship 

As the new year progresses, credit unions continue to analyze their place in the financial system. What sets them apart? What systems do they have that can support these services?  

A myriad of financial options are available to customers and more are created each year. The “2016 Survey of Consumer Finance” written by the Federal Reserve, is quoted as saying, “Americans have at least five accounts with different financial institutions, and of those that belong to credit unions, only 20% see it as their primary relationship.” Becoming a customer’s primary financial relationship is paramount for the continued success of any financial institution including credit unions. A human-centered relationship with members has always been a hallmark characteristic of the credit union industry. Leveraging this characteristic requires that the next stage in development for credit unions will be adopting time saving technologies. This will assist in freeing up their staff to provide the human to human interactions that leads to becoming the member’s primary financial relationship. Sharetec is committed to serving credit unions by providing core processing solutions with two goals: make it smarter and keep it simple. 

Contact us for more information! 

Savings Made Easy with Sharetec!

 

Savings Made Easy!

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.

Click here to read about a credit union’s success story!

ABOUT SHARETEC
Sharetec credit union management software features all the tools your employees need to handle day to day operations, including many standard features other cores 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. 

Contact Sharetec today to learn more about Sharetec’s Easy Saver Program!

Sharetec is Making the Difference

 

 

At Sharetec, we absolutely love working with Credit Unions! We like being able to bring value to you and your members.  Sharetec’s core values match up very closely to the credit unions.  We love giving back to the community, sponsoring events and taking up donations to help our customers who have had some type of negative impact, such as flooding, tornados, etc.,  

Our team have been really busy this past year with new installs, training with new and existing clients, meetings with future clients and providing system demos.

Please reach out today to learn why so many have made the decision to switch cores.  We would love to schedule a one on one meeting with you and see how we might help your credit union out as well.

 

Join Sharetec at the MAXX Annual Convention 2019

Be sure to join Sharetec at this year’s MAXX – Exhibtor Trade Show and Convention 2019

Stop by Booth #37 to learn more about Sharetec and why more and more credit unions are making the switch!  We will be there starting October 15th-17th at the Spokane Convention Center.  Also stop by our booth to take a guess at how much cash is in the cash jar! Closest guess takes the cash home!

If you are ready for a core change, stop by booth #37 and we would love to see how we could help out your credit union!

Contact us today for more information about Sharetec at 844-802-4441 or by email


CECL, Sharetec and Credit Unions

 


SHARETEC IS CECL READY

 

Callahan & Associates is a great resource for credit unions. CECL is a BIG thing for credit union industry and Callahan’s recently shared some resources to help study CECL online.

* American Institute of CPAs – Credit Union Implementation 
Presentation
* Financial Accounting Standards Board – Credit Losses 
Website
* NCUA, Fed, OCC, FDIC – Interagency FAQs on CECL
(April 2019)

Reach out to Sharetec and see how we can help your credit union be CECL ready!

Lori Tuyo
Regional Sales Director Sharetec
800-245-7504 XT. 2273

Save the Date – Meet Sharetec at the CCUL Leadership Summit

SAVE THE DATE:
Be sure to stop by Sharetec’s Booth #113 to learn more about the CORE that offers more at the Corner Stone Leadership Summit & Executive Forum.

Also make your guess with how much cash is in the jar and you can take it home with you like this lucky winner!

When: September 5th
Where: San Antonio Marriot Rivercenter
Time: All Day Starting at 8am

Join Sharetec at the Louisiana Credit Union League’s Annual Meeting & Expo 2019

SAVE THE DATE
Join Sharetec at this year’s Louisiana Credit Union League’s 2019 Annual Meeting and Convention, July 31st – August 3rd at the Hilton New Orleans.
 
Stop by booth #17 to see why over 250 credit unions nationwide have made the switch to the Sharetec Core. We not only offer the products and services your members demand at a price you can afford, but we love serving our communities and giving back.
Also be sure to stop by booth #17 and write down your guess for how much cash is in the money jar! Winner takes the cash home!

Two Sharetec CUs Name to List of Top 200 Healthiest Credit Unions



Two Sharetec Credit Unions Among Top 200 Healthiest Credit Unions in 2019

Congratulations to Sterling Federal Credit Union and Pioneer Mutual Credit Union for being named in Lending Tree’s annual list of the Top 200 Healthiest CUs for 2019.

Coming in at #1 is Sterling Federal Credit Union based in Sterling, Colorado.  Established in 1938, Sterling FCU joined Sharetec in July 2015 and has 8,890 members at 2 locations. Their CD rates are 96% higher than the national average, and it boasts an A+ health rating from DepositAccounts, a Lending Tree company.

Another Sharetec Credit Union – Pioneer Mutual Federal Credit Union, based in Sugar Land, Texas – came in at #4 on this list.  Pioneer Mutual FCU joined Sharetec in January 2007 and has 39 employees and 8,592 members at 3 locations. Their savings rates are 5X the national average, and it boasts an A+ health rating from DepositAccounts.

To see the full list of Lending Tree’s Top 200 Healthiest Credit Unions for 2019 – and learn how Lending Tree measures financial health – 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 other cores 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.