FALMOUTH, Maine — Northern Data Systems, an owner and distributor of the Sharetec Core Processing System, said it has converted three Massachusetts CUs to the platform.
The three CUs are: Chicopee Municipal Employees Credit Union, St. Anne Credit Union and Massachusetts Family Credit Union.
In Chicopee, Mass., Chicopee Municipal Employees has more than 3,800 members and $47 million in assets. Originally founded in 1971 to serve employees of the City of Chicopee and their family members, the CU now serves all federal, state, and local government employees, and members of their families.
Ken Champeau, manager and CEO of CMECU, said in a press release, "After much study we are confident NDS/Sharetec will meet our needs of providing excellent service to our membership while continuing to satisfy all compliance demands at a reasonable cost."
CMECU will be using Sharetec's Document Manager with e-loan signature capture and teller e-signatures, along with automated loan decisioning.
St. Anne CU, New Bedford, Mass., serves Bristol and Plymouth counties in Massachusetts. The CU has more than 3,100 members and $18 million in assets. Established Aug. 3, 1911, it is the oldest CU in Southeastern Massachusetts.
St. Anne is now using Sharetec's Document Manager with e-loan signature capture and teller e-signatures, along with e-notices and check imaging. Mobile banking is expected to be rolled out to members in the near future, NDS said.
Headquartered in Lynn, Mass., Massachusetts Family CU has approximately 2,000 members and more than $20 million in assets. Originally founded in 1926 to serve postal employees of the Lynn, Mass., postal district, Massachusetts Family CU now serves all postal employees and their families in Essex, Middlesex, Worcester and Suffolk counties. The CU recently opened a new branch in Peabody, Mass.
Massachusetts Family will be moving to a real-time processing environment for home banking and debit processing while implementing new services such as e-notices, e-alerts and Sharetec Mobile Banking. It also will use Sharetec's Document Manager with e-signature capture.
"We are looking forward to implementing technology for Massachusetts Family CU that will enable it to provide exceptional service to its members and help it better compete in the Boston area marketplace," said Joe Reis, regional sales manager for NDS/Sharetec.