Sharetec Systems Inc. has converted Hereford Texas Federal Credit Union to its service bureau core processing platform, the company and credit union said.The $40 million Panhandle credit union had been an Ebank Systems Inc. customer, according to its 5300 Call Report with the NCUA.Hereford Texas FCU ( went live on the Sharetec Online platform on Oct. 1 as a service bureau client with the Lino Lakes, Minn., company.The 8,800 member credit union also deployed documents, audio response and home banking solutions from Sharetec, the company said.“Having a service bureau solution available to us was the most important part of the process. The credit union was also impressed by the redundancy provided by having a second location for off-site data storage. We know that in an emergency, the data is secure,” said Troy Don Moore, CEO of the Hereford, Texas, institution.Sharetec Systems is owned by its regional distributors-including DataSystems of Texas in El Paso-and currently serves more than 300 credit unions, the company said. –[email protected]

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