MEMPHIS, Tenn.- Lutheran Federal Credit Union has begun running its operations with NewSolutions, Share One’s core processing technology. Share One provided technical support, training, and other useful tools to the start-up credit union headquartered in St. Louis.
Share One said it will help the credit union establish a full collection of highly competitive financial offerings, including traditional savings and checking accounts, home and mobile banking, secured and unsecured loans, mortgages, customized website, real-time debit/ATM cards and an in-house credit card program.
In its first year of service the credit union will also offer NewSoutions’ cutting-edge application-style tools, NSJoin and NSLoan, which will allow members to open accounts and establish loans with home computers, tablets, and smart phones. Share One will continue to help the credit union in the future with additional products and services as they expand their membership and asset size.
Lutheran Federal serves the members and ministries of the Lutheran Church–Missouri Synod, which was established in the United States in 1847 and consists of more than 6,000 congregations that operate approximately 850 elementary schools. It also operates two seminaries and is active in world missions in 90 countries.
“We are excited to get this charter launched and are thrilled to have Share One’s NewSolutions as our backbone,” said CEO Tom Buuck. “I have had the opportunity to start up several financial product/service endeavors, so I have seen the good and bad in vendor execution. Share One has demonstrated unequivocally in word and deed that they are a top notch provider. Our field of membership spans approximately three- million people in 50 states. It is imperative that we deliver an online and mobile experience wherein all our members’ needs are met. We feel we can deliver that with Share One.”
Share One, Inc. is a CUSO that offers core processing and serves an expanding client base of credit unions with assets ranging from $10 million to $1.5 billion.