Regional Federal Credit Union partners Sharetec for core processing
Regional Federal Credit Union, which operates in northwest Indiana, USA, has selected Sharetec as its core processing partner as it looks to “support future growth and ensure stability” by modernising its tech stack.
Regional Federal Credit Union partners Sharetec
The vendor’s web-based Velocity solution will be deployed to replace the credit union’s existing in-house core system. Regional will utilise Velocity to bolster its back office operations and will look to tap its open API for third-party fintech integrations.
The partnership will enable Regional to offer a range of new digital services for its members in Hammond, Portage, Valparaiso and Winfield, including recurring payments, online banking, personal financial management, and remote deposits and signatures.
Jill Banning, president and CEO of Regional, says that Sharetec’s offering will provide the firm with “improved system processes, enhanced security, and better backup solutions”.
Founded in 1961, Regional Federal Credit Union offers products and services including savings and current accounts, mortgages, credit cards, auto and home equity loans, investments, gift cards, and business services.
It becomes the latest institution to partner with Fort Wayne-based Sharetec for its core technology, following in the footsteps of Oshkosh Community Credit Union, which previously announced its agreement with the vendor for core processing back in January.
