Newsletters

In this issue:

• MY CU Services Update
• Product Spotlight: International Payments
• Upcoming Education Session
• CUaxis: Core, Community and Countless Benefits for
  Credit Unions!
• Welcome New Credit Unions

Product Spotlight: International Payments

Step aside, Madonna. It’s no longer a material world, it’s a global one.

Whether your members have family in other countries or are just looking for a foreign and exotic place to vacation, why not be their ticket – financially, speaking – to all of the international payment services they need?

With MY CU Services, your credit union has access to three different international payment solutions: foreign currency, foreign collections and international wires.

Foreign Currency

Euros and francs and yen…oh my! MY CU Services offers a foreign currency referral program that gives credit unions access to an online currency portal. There’s even an option to add a link to the credit union’s website and/or mobile app where members can order foreign currency for themselves!

With no minimum or maximum order amount, next business day delivery or direct shipment to the member’s home and over 80 currencies available (among other features), our foreign currency services are tough to beat. And did we mention that, as part of this program, your credit union will earn a one percent commission on all member orders placed? The goodness just keeps on coming!

Foreign Collections

MY CU Services’ Foreign Collections program lets your credit union compete with bigger banks by allowing your members to deposit foreign checks with your credit union as opposed to going to a bank. Simply mail the foreign check to MY CU Services for collection, and the collected funds will be credited to your settlement account. It’s seriously that easy!

International Wires

When you need to transfer funds from your credit union to another financial institution across international boundaries, we have international wires. Through MY CU Services’ platform, all international wires can be initiated and approved through our online system. The deadline for initiating and approving international wires is 3:00 p.m. ET for same-day processing, and you have the choice of sending funds as U.S. dollars or foreign currency. Our online system even shows current exchange rates for your convenience!

When your members are thinking globally, you should think MY CU Services. We’ve got the international payment solutions to keep your CU top of mind – never immaterial!

To learn more, contact our sales team at sales@mycuservices.com or give us a call at (888) 985-7280.

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CUaxis: Core, Community and Countless Benefits for Credit Unions!

It’s a given in our industry – every credit union has a core processing solution. It’s a necessity, which means there are options upon options for core providers out there. But there’s one that stands out among the rest for its robust yet flexible core system, seemingly endless list of features and expert support – plus an entire community of other credit unions and added benefits that you just won’t find anywhere else. It’s CUaxis!

All About Our Core Solution

In an effort to offer a core solution that is state-of-the-art and meets the varied needs of our credit unions, MY CU Services has partnered up with CU*Answers, a credit union cooperative just like us. Together, we have an incredibly robust data processing system called CU*BASE.

We’re proud to offer this solution as a completely turn-key, self-processing system, but also with the flexibility as an application service provider so that each credit union can achieve their business goals. Both delivery methods offer a credit union or a group of credit unions the ability to be shared processors…collaboration at its finest, which is what we’re all about.

And if you’re wondering if it’s the right fit for you, just check out the numbers. The CU*BASE core suite is used by more than 350 credit unions across the country that range in asset size from under $1 million to more than $1 billion. Like we said, robust, yet flexible for all credit union sizes and needs!

All About Our Community

CUaxis is all about enhancing our connections and making them our central focus through a common core solution. Because at the very core of our movement, our values of cooperation and people helping people matter most. In this place, core services, payments, money management and knowledge stand side by side. Professionals with years of experience lend a helping hand, and there’s a never-ending outpouring of encouragement and inspiration to keep credit unions moving forward.

Our goal at CUaxis is to make credit union bonds stronger and harness the power of our values to take our movement to incredible heights. Let’s work together, share together and bring collaboration center stage…together.

Here’s a little bit more about the CUaxis community and the value it can bring to your credit union:

So, we have to ask…do you want to know more about our core solution? Are you interested in learning more about or joining the CUaxis community? If so, reach out to CUaxis at cuaxis@vfccu.org. We’d love to show you how you can take advantage of core, community and countless benefits through CUaxis!

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