Press
Share One helps Lutheran Federal CU start right
MEMPHIS, TN (May 8, 2015) — After several years of planning and working to fulfill a dream, Lutheran Federal Credit Union started their operations with NewSolutions, Share One’s core processing technology, in early May. Share One provided technical support, training, and many useful tools to the start-up credit union headquartered in St. Louis, MO.
Share One will help the credit union establish a full collection of highly competitive financial offerings, including: traditional savings and checking accounts; home and mobile banking; secured and unsecured loans, mortgages, customized Web site, real-time debit/ATM cards and an in-house credit card program. In their first year of service, they will also offer NewSoutions’ cutting-edge application-style tools, NSJoin and NSLoan, which will allow members to open accounts and establish loans with home computers, tablets, and smart phones. Share One will continue to help the credit union in the future with additional products and services as they expand their membership and asset size.
Lutheran Federal Credit Union has been chartered to serve the members and ministries of the Lutheran Church–Missouri Synod, which was established in the United States in 1847 and consists of more than 6,000 congregations that operate approximately 850 elementary schools. It also operates two seminaries and is active in world missions in 90 countries.
Tom Buuck, who led the chartering initiative, was recently appointed Chief Executive Officer. “We are excited to get this charter launched and are thrilled to have Share One’s NewSolutions as our backbone,” said Buuck. “I have had the opportunity to start up several financial product/service endeavors, so I have seen the good and bad in vendor execution. Share One has demonstrated unequivocally in word and deed that they are a top notch provider. Our field of membership spans approximately 3 million people in 50 states. It is imperative that we deliver an online and mobile experience wherein all our members’ needs are met. We feel we can deliver that with Share One,” said Buuck.
Laurie Vaughn, Senior Sales Representative of Share One, said, “We have had the pleasure of watching this credit union take shape and because of their passion to offer affordable and competitive financial services, Lutheran Federal Credit Union will be successful. We are so proud to support their endeavor.”
Share One, Inc., a CUSO operating out of Memphis, TN., is a leading developer of credit union core processing and serves an expanding client base of credit unions with assets ranging from $10 million to $1.5 billion. NewSolutions provides a full range of advanced features, including comprehensive support for consumer, mortgage, and commercial loans; a full suite of electronic services delivered via the Internet; a fully integrated, member-centric imaging system; and exceptional operational efficiency. For more information call 800-888-0766 or visit the company Web site at www.shareone.com.