- 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.
