MY CU Services offers the following international services to help your credit union provide worldwide access to your members:
Foreign Currency Services
Euros and francs and yen…oh my! Through MY CU Services’ foreign currency referral program with CXI, credit unions are able to provide foreign currency to their members through CXI’s 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!
Benefits of the CXI program:
- No minimum or maximum order amount
- Orders can be shipped for next-business day delivery and can be shipped directly to member's home or work
- 4:00 PM EST cut-off time for overnight delivery
- $10 shipping fee per order
- Over 80 currencies available
- Contracted directly with CXI
The best part? As part of this program, your credit union will earn a one percent commission on all member orders placed.
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.
An international wire transfers funds from your credit union to another financial institution across international boundaries.
All international wires must 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.
Funds can be sent in U.S. dollars or foreign currency. Exchange rates are available in our online system.
If your credit union is interested in more international services information, please contact our sales team at (888) 985-7280 or firstname.lastname@example.org.