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New Software Drives Results with Credit Unions

New software company in Manhattan, Kansas has debuted to be belle of the ball within the credit union industry. This strategy management software offers solutions for collaboration and tracking of performance.

Manhattan, KS, May 03, 2014 --( In an industry known for high quality service and community relationships, this new web-based product seeks to aid credit unions to grow memberships and increase lending.

New Element, a local software development company, has developed a new product, New Element Collaborate, web-based strategy management software that’s accessible via desktop, laptop, tablet or smartphone.

Credit Unions are choosing this new technology, of which the latest version is a team collaboration platform, to improve member service products, increase efficiencies, and decrease time spent tracking tasks related to overall strategy of the credit union.

K-State Federal Credit Union was one of the first users of New Element’s comprehensive tools. President/ CEO LaRae Kraemer shares, “Tools like Conversations and Polls keep everyone up-to-date and focused on the larger goal without losing sight of individual responsibilities.”

In addition to Conversations (a real time internal chat feature) and Polls (an interactive voting feature), New Element Collaborate includes comprehensive tools such as Task Tracking, Notes, Calendar, Agendas and File Sharing. Unique user access enables this platform to also act as a secure board portal, allowing board members to login from anywhere anytime to vote on an item needing board approval, access files for a board meeting, or converse with other committee members.

Comprehensive tools for credit unions are a much needed solution due to increases in membership growth. According to a recent survey by the National Association of Federal Credit Unions, consumers will be turning to credit unions more and more in 2014, with this increase attributed to the industry fall out of conglomerate banks over the last few years. Member growth at credit unions surveyed by NAFCU grew 5.5% over last year."We are seeing a lot of new membership," said NAFCU chief economist Dr. David Carrier.

New Element Co-Founder, Jeff Hake says, “This new product will help our customers create focus internally and allow everyone from the chairman of the board to the newest part-time employee to maximize their impact on the company’s growth strategy.”

New Element’s next version, Performance, will launch later this summer, offering credit unions a customizable and user-specific dashboard of performance metrics.

Note To Editors: To interview Jeff Hake, please contact him directly at

To schedule a demo, please contact Shanna Goodman at

For more information about New Element, please visit

About New Element
New Element, located in Manhattan, Kan., offers the latest advances in software technology to help their customers to create focus and drive performance. New Element works with credit unions to understand their members, lending operations and day-to-day challenges. New Element's expertise in collaboration software, including performance metrics, gives customers a competitive edge.
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New Element
Shanna Goodman

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