About Evansville FireFighters Federal Credit Union
Established in 1936, Evansville FireFighters FCU serves Evansville Firefighter Department, Evansville Police Department, and Fraternal Order of Police #73.
Press
Evansville FireFighters FCU new core software has paid for itself
Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces Evansville FireFighters Federal Credit Union (EFFCU) new core software, Sharetec, has paid for itself.
Lori House, CEO of EFFCU, comments, “This change has allowed us to reduce our staff by one employee, saving us over $37,000 per year. Our income also went up an additional $17,000 once we cancelled our contract with an outside vendor and started using Sharetec’s Courtesy Pay. Upgrading to Sharetec was one of the best decisions we have made.” The benefits Sharetec has to offer has in turned helped pay for the cost of converting to a new system that most credit unions fear.
EFFCU wanted to find a core system that would not only provide their members with attractive modern services, but also allow the staff to be much more efficient using the system. Making the decision to switch to Sharetec has proven great success.
Matt Isger, Regional Director for Sharetec, comments, “Some credit unions have been on systems so long, and are under false assumption that a cheap core system bill is doing them a favor. Where in fact, we have found that automation in today’s modern systems easily make up the difference and then some. New technology simply has ways to bring in more value and dollars to the credit union.”
To read the full case study, click here. For more case studies on Sharetec, click here.