First Nebraska CU chooses Sharetec as its new core processing platform
LINO LAKES, MN (March 27, 2019) — Sharetec System, one of the fastest growing core systems offering the technology of simplicity, announces that First Nebraska Credit Union (FNCU), located in Omaha and Lincoln, NE, has made the decision to implement Sharetec as its new core processing solution.
FNCU had several steadfast goals in mind when shopping for a new core processing system. The credit union sought to significantly increase automation to benefit both staff and members, and gain full functionality from an advanced system at an affordable cost. In order to best streamline their processes, they were also seeking a vendor whose innovative software would easily integrate with L360, their new Loan Origination System.
FNCU’s decision to implement Sharetec was the result of several factors, including the vast capabilities of the software and the company to meet their demands. The system offered the credit union leading-edge technology that placed full automation, advanced features and functionality in their hands, all at a reasonable price and backed by strong client testimonials. The company also provided stellar support and expertise, as well as a drive and willingness to meet the credit union’s precise integration requirements.
Dale Kovar, Chief Financial Officer, FNCU, states, “First Nebraska needed a core processor that would not only provide full functionality and advanced features at an affordable cost, but seamlessly integrate with our existing Loan Origination System. There could be no compromise in meeting our technology and budgetary requirements. Sharetec proved that they could meet all of our demands, including going above and beyond to meet our integration needs.”
In improving functionality for the credit union, Sharetec is enhancing FNCU’s reporting capabilities with a customized pricing tool to optimize margins. “We are looking forward to how the Profitability Reporting Module will conveniently provide powerful member analytics at the click of a button,” adds Mr. Kovar.
Dan Miller, Vice President, Sharetec, notes that FNCU’s selection of Sharetec will certainly allow for business-changing benefits, resulting in a more effective and efficient credit union by far. “First Nebraska understandably wanted it all, the leading-edge tools and innovative features that would set them apart from their competitors, without breaking the bank. Plus, they required a core platform that would smoothly integrate with their existing L360 system. Sharetec will help them gain new efficiencies and streamline their processes like never before. And when you consider the cost savings, they have clearly acquired a value-added solution to effectively meet their needs.”
By implementing Sharetec, FNCU looks forward to providing its staff with a more efficient and user-friendly system, with many of the manual tasks completed by the software. They also seek to ensure that members have cutting-edge home and mobile banking tools to leverage technology on their own, helping to further lessen the staff’s daily burdens.
Sharetec, a provider of both in-house and service bureau core solutions, has delivered an ROI, building income streams and lowering operating expenses to over 250 credit unions. Sharetec has grown 67% since 2000.
About First Nebraska Credit Union
First Nebraska Credit Union (FNCU) is a member-owned, not-for-profit financial cooperative that remains focused on “People Helping People” and strengthening the financial well-being of its membership. FNCU serves the needs of its more than 14,300 members at five Nebraska locations, including three in Omaha and two in nearby Lincoln. As a result of their ongoing success, the Credit Union has accumulated approximately $137 million in assets and has grown its staff to include 58 full-time employees.