The $15.4 million Fortress Federal Credit Union in Marion, Ind., plans to convert to the Sharetec core processing system through Bradford-Scott Data Corp. of Indianapolis, the company and credit union said.
The 2,300-member Fortress FCU currently is a Fiserv Portico customer, according to the Technology Survey from Callahan & Associates.
“We wanted to move to a solution that would allow us to reduce expenses while also improving our operations. We saw how Sharetec would automate share draft and ACH processing, which no other processors we looked at could do. With transmissions and everything Sharetec automates, we calculated Sharetec would save us 90 minutes per day of manual work,” said Fortress FCU CEO Lisa Blades.
Bradford-Scott is one of four regional owners of the Sharetec platform, now in use at about 310 credit unions nationwide.