North Bay Credit Union taps Sharetec for web-based core banking solution

Partnership Announcement:
- North Bay Credit Union, the oldest credit union in Sonoma County, California, has partnered with Indiana-based software vendor Sharetec to deploy its Velocity web-based core banking solution.
Reason for Selection:
- The credit union chose Sharetec after evaluating several alternatives, citing the open platform API, overall functionality, adaptability, cloud-based architecture, and user-friendly experience as key factors in their decision.
Strategic Goals:
- By utilizing Sharetec Velocity’s open API, North Bay Credit Union aims to connect with fintech partners to quickly introduce new products, adapt to changing customer demands, and improve member experience.
CEO’s Statement:
- Chris Call, CEO of North Bay Credit Union, highlighted the importance of Sharetec’s reputation and its strong client base of credit unions in their decision-making process.
Credit Union Profile:
- North Bay Credit Union manages $120 million in assets and offers various financial services, including checking and savings accounts, as well as loans for agriculture, homes, vehicles, and students.
Sharetec’s Client Base:
- Sharetec, founded in 1993, supports nearly 300 credit unions and recently added Regional Federal Credit Union in Indiana and Oshkosh Community Credit Union in Wisconsin to its client list.