Fort Wayne, IN – July 1, 2022 – Evergreen Financial Technology Group (EFTG), a fintech collective dedicated to mission-critical software for credit unions and community banks, has completed the strategic consolidation of Sharetec, transforming its decentralized ownership structure into a single, unified entity positioned for its next phase of growth and innovation.
The move cements Sharetec’s position as one of the fastest-growing core processing solutions in the credit union industry, enhancing its ability to innovate, scale, and deliver best-in-class technology to financial institutions nationwide.
A Legacy of Partnership, A Future of Innovation
Founded in 1993, Sharetec was built on collaboration—four regional fintech companies came together, with one centralized development organization, to create a simple yet powerful core processing solution designed specifically for credit unions. For nearly three decades, Bradford-Scott Data Corp., Data Systems of Texas, GBS Corp., and Northern Data Systems operated as regional providers of the Sharetec platform, offering local expertise while jointly advancing the technology.
As financial institutions face increasing demands for digital transformation, seamless integrations, and enhanced member experiences, EFTG recognized the need to unify Sharetec under a single, strategic vision.
“Bringing Sharetec together under one roof was not about changing what made it successful—it was about unlocking new possibilities,” said Steffi Decker, CEO of EFTG. “This move allows us to invest more deeply in innovation, customer success, and operational efficiency, while maintaining the same core values and commitment to credit unions that have defined Sharetec for decades.”
A Long-Term Home for Sharetec Under EFTG
EFTG operates with a long-term ownership philosophy, providing stability and sustained investment in its companies.
Under CEO Steffi Decker, Sharetec will retain its core strengths while benefiting from EFTG’s strategic guidance, capital investment, and proven growth playbook. The newly unified company will focus on:
- Accelerating product innovation to meet the evolving needs of credit unions.
- Enhancing third-party integrations to ensure seamless connectivity with leading fintech solutions.
- Strengthening credit union partnerships through improved service, training, and support.
The Road Ahead: A Smarter, More Agile Sharetec
Today, Sharetec powers over 300 credit unions, offering a robust, feature-rich core processing system, as well as online banking solutions designed to maximize efficiency, enhance member experiences, and drive sustainable growth. By bringing Sharetec together under a single entity, the business is poised for the next stage of innovation and market leadership.
About Evergreen Financial Technology Group (EFTG)
Evergreen Financial Technology Group (EFTG) is a fintech collective that strengthens relationships between community financial institutions and the people and businesses they serve. We acquire and build companies that champion transparency, collaboration, and user-centric innovation—providing banks and credit unions with modern, mission-critical solutions that prioritize flexibility and integrations. With a long-term and decentralized management philosophy, EFTG empowers its teams to operate independently while providing strategic guidance, capital, and a proven growth playbook to fuel sustainable success. Backed by Alpine Investors, EFTG is building the world’s premier technology ecosystem for financial institutions. Additional information is available at evergreenftg.com.
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