PRESS RELEASE  For Immediate Release 05/29/14

LINO LAKES, MN - Money Federal Credit Union (MFCU), headquartered in Syracuse, NY, has announced that it has selected to replace its current core processing solution with Sharetec. Their decision to go with the Sharetec Core Processing System was facilitated by GBS, an owner and distributor of Sharetec.

After learning about Sharetec, President and CEO Bruce LaGrow and his Operations Team were convinced that the solution was the right choice for MFCU. They felt that Sharetec was the most user-friendly solution of their core processing choices, and they were impressed by the many features, including Person to Person Payments and Remote Check Capture.

However, the clincher, Bruce noted, was that "features that are extras on other systems are included in Sharetec’s core, fully integrated into the system, which made Sharetec definitely stand out. It was an easy decision."

Already working with the Sharetec team ten months ahead of the scheduled conversion, Bruce and his team have been very pleased with their experience. "I’m confident that we’re keeping our finger on the pulse of this entire conversion process until the day we flip the switch," said Bruce.

About MFCU

MFCU Union was founded in 1976 by Mutual of New York Life Insurance Company employees who wanted an alternative to the high costs at commercial institutions. They now serve more than 4,000 members from all over the world. While MFCU proudly offers its financial services throughout the NY counties of Onondaga, Oswego, Cayuga and Madison, they boast a "once a member, always a member" policy, meaning that members can keep their accounts for life. Even if members leave the area, they can still access their accounts at one of MFCU’s 5,500 service center locations across the United States.

About Sharetec Systems

Sharetec, a provider of both in-house and service bureau core solutions, has nearly 300 core credit unions and has grown 67% since the year 2000.