21St Century Television Takes an Inside Look at Sharetec Systems Innovative Software that Generates Income for Credit Unions - 21 News Now, More Local News for Youngstown, Ohio -

21St Century Television Takes an Inside Look at Sharetec Systems Innovative Software that Generates Income for Credit Unions

Posted: Updated:
Declining Interest Income Only a Bump in the Road for Credit Unions Using Sharetec

BOCA RATON FL, July 9, 2014 – Today’s Credit Unions operate in a very difficult and hyper-competitive environment. With thin margins, increasing regulations and pressures from large banks to provide full service to its members, credit unions are searching for products and services to both attract and retain members. From business loans to mobile access to account information, today’s credit unions need core vendors that can not only provide services, but also create revenue opportunities for the credit union. In this 21st Century Television feature story, Kevin Kolar, VP of Bradford-Scott Data Corporation discusses Sharetec Credit Union Software. This story will air on Bloomberg Worldwide (as pd. prog) on July 12, 2014. Check your local listings for airtimes

In 1994, four regional partners, including Bradford-Scott Data Corp, collaborated to form Sharetec, with the purpose of developing and distributing innovative software to credit unions throughout the United States.

Today, Sharetec is a leading national provider of credit union software solutions.

According to Kolar, his company’s software helps credit unions generate income in a variety of ways, but the top product offered by Sharetec, by far, is Tiered Rate Courtesy Pay. Tiered Rate Courtesy Pay rewards members who have infrequent overdrafts by lowering their overdraft fees accordingly. Reversely, members who suffer frequent overdrafts pay higher individual penalties. This type of courtesy pay has proven to increase revenue for credit unions by as much as a 53 percent.

Another product offered by Sharetec is the Home Banking Opt-In Product. This feature auto-enrolls members in the services that credit unions most want them to use upon log-in. Both features have proven to increase the ROI of the credit unions using them by significant measures.

Credit Unions who try Sharetec’s software solutions find an easy-to-use platform that has built-in room for expansion and solid research and development backing.

To learn more about Sharetec Systems watch 21st Century Television’s episode on Bloomberg Worldwide (as pd. prog) on July 12, 2014. Check your local listings for airtimes.

21st Century television, along with Vice President of Programming, J.L. Haber, is happy to bring you this coverage of innovative credit union software solutions. “Sharetec has taken the problem of declining interest income among credit unions and made it a non-factor,” says JL Haber, Vice President of Programming for 21st Century Television. “We’re happy to provide coverage of the sort of forward thinking practiced by Sharetec and it’s backers.”

About 21st Century Television

21st Century Television is an award winning business and health program that is independently produced by MMP (USA), Inc. The show provides its viewers an in depth opportunity to find solutions to the industry problems from some of the top business leaders from across the world. With more than 5,000 companies participating on over 500 shows, 21st Century Television continues to be the premier and targeted outlet for the latest business and health stories. 21st Century Television airs on cable networks to over 100 million potential television households.

For specific market-by-market air dates and times, please e-mail Moniqueh@mmpusa.com. For more information, please visit www.tvbusinessnews.com.

Distributed by 21st Century Television

Media Contact
Company Name: MMP (USA), Inc.
Contact Person: Gila Stern
Email: gstern@mmpusa.com
Phone: 561-988-0609 x269
Address:999 Yamato Road, Suite 103
City: Boca Raton
State: Florida
Country: United States
Website: http://www.bloomberg.com/tv/channel-finder/

ReleaseID: 5181

  • More From wfmj.comMore>>

  • Fired band director says he fixing vulgar culture

    Fired band director says he fixing vulgar culture

    Thursday, July 31 2014 9:34 PM EDT2014-08-01 01:34:18 GMT
    The fired Ohio State University marching band director says he was working to change its sexualized culture when he was dismissed.More >>
    The fired Ohio State University marching band director says he was working to change its sexualized culture when he was dismissed.
    More >>
  • Ohio theme park tries to top shaved-heads record

    Ohio theme park tries to top shaved-heads record

    Thursday, July 31 2014 9:27 PM EDT2014-08-01 01:27:36 GMT
    MASON, Ohio (AP) - A southwestern Ohio amusement park will try to top a Guinness record for the most heads shaved simultaneously to help raise awareness and money to fight cancer. Kings Island says more than 200 hair stylists from Great Clips salons in Cincinnati, Dayton, Columbus, Cleveland, Lima and Toledo will shave heads Friday at the park north of Cincinnati. The Guinness World Records website says the current record at 182 heads shaved simultaneously was achieved by Cancer Council ACT-...More >>
    MASON, Ohio (AP) - A southwestern Ohio amusement park will try to top a Guinness record for the most heads shaved simultaneously to help raise awareness and money to fight cancer. Kings Island says more than 200 hair stylists from Great Clips salons in Cincinnati, Dayton, Columbus, Cleveland, Lima and Toledo will shave heads Friday at the park north of Cincinnati. The Guinness World Records website says the current record at 182 heads shaved simultaneously was achieved by Cancer Council ACT-...More >>
  • Hundreds of pet rats rescued from Ohio apartment

    Hundreds of pet rats rescued from Ohio apartment

    Thursday, July 31 2014 9:23 PM EDT2014-08-01 01:23:19 GMT
    KETTERING, Ohio (AP) - Humane Society workers have rescued hundreds of pet rats from an apartment in suburban Dayton apparently left after the renter was evicted. The Humane Society of Greater Dayton found as many as 300 so-called "fancy" or "pocket" pet rats in the studio apartment in Kettering after responding to a complaint Thursday morning. Humane Society official Sheila Marquis tells the Dayton Daily News the animals make great pets for children but breed rapidly if they aren't spayed a...More >>
    KETTERING, Ohio (AP) - Humane Society workers have rescued hundreds of pet rats from an apartment in suburban Dayton apparently left after the renter was evicted. The Humane Society of Greater Dayton found as many as 300 so-called "fancy" or "pocket" pet rats in the studio apartment in Kettering after responding to a complaint Thursday morning. Humane Society official Sheila Marquis tells the Dayton Daily News the animals make great pets for children but breed rapidly if they aren't spayed a...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms