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Credit unions offer convenient online international money transfer service

Libro and First Calgary Financial members can now send international money transfers quickly with Western Union® Money Transfers via Interac e-Transfer®

VANCOUVER, British Columbia—Today, Central 1 Credit Union (Central1) announced that two of its credit union clients are the first to offer their members Western Union Money Transfer® services via Interac e-Transfer® through Central 1.

Members of Libro Credit Union, based in London, Ont., and First Calgary Financial, based in Calgary, can use the Interac e-Transfer service to quickly and easily send international money transfers to family and friends to be paid at more than 550,000 Western Union Agent locations around the world.

Members will be able to send money through their online banking portal to Western Union Agent locations in over 200 countries and territories, and feel confident that it will arrive securely for the recipient to collect in cash.

“We believe in Making it Easy for our members. Many of them send money regularly to family members living elsewhere in the world and we’re pleased to offer them a safe, fast, affordable option, with the added benefit of not having to come into a branch,” says Shelley Vandenberg, President of First Calgary Financial, a division of Connect First Credit Union. 

“This is just another way credit unions can be competitive to service our members wherever they are,” adds Scott Ferguson, EVP Information Systems at Libro. “It aligns with our vision and strategic initiatives as we work to transform banking and grow prosperity in southwestern Ontario.”

“We appreciate the work and guidance of Libro and First Calgary Financial who played a key role in helping us bring this important service to credit unions and their members,” says Kelly West, AVP of Product Management at Central 1.  “We know that individuals who send international transfers will enjoy the convenience of being able to send it directly from their credit union account and the comfort of their own home.”

There is no need to set up new accounts, user IDs or passwords. Members of credit unions using the service can get started immediately from the convenience of their online banking site. With Western Union Money Transfers via Interac e-Transfer an international transfer can be processed and available for collection at a Western Union location within minutes. *

About Central 1

With offices in Vancouver, Mississauga and Toronto, Central 1 holds on balance sheet approximately $15.7 billion in assets. We provide wholesale financial products, trust services, payment processing solutions and direct banking services to almost 300 credit unions and institutional clients from coast to coast.

In addition, Central 1 is the primary liquidity manager, payments provider and trade association for our 42 member credit unions in B.C. and 72 Ontario member credit unions. Our members represent a consumer-oriented, full-service retail financial system that collectively serves 3.3 million members and holds more than $112 billion in assets. For more information, visit central1.com.

About Libro Credit Union

Libro is Ontario’s third largest credit union with $4 billion in assets under administration and more than 100,000 Owners across southwestern Ontario. As a co-operative financial institution with more than 70 years of history, Libro supports the well-being of people, businesses and communities by providing high-quality financial coaching and profit sharing. Libro is proud to support The Prosperity Project, which aims to grow prosperity in southwestern Ontario by mobilizing and inspiring collaboration, strengthening the financial health of people, families and businesses, and investing in our communities to help the region prosper together. Libro offers a full range of financial products and services for consumers, businesses and farms, including savings and chequing, investing, and borrowing. Great service can be experienced through 31 branches, online, telephone, mobile devices and a network of 4,000 ATMs across Canada. For more information, visit libro.ca/media.

About Connect First Credit Union

Connect First Credit Union offers its members a full range of financial products and services and the branch network of a large financial institution, while retaining its trusted local brands and continuing its community-focused approach to banking. Connect First Credit Union is Canada’s tenth largest credit union, with over $5 billion in assets under administration. It serves 100,000 members through 27 branches in 13 communities across southern Alberta, under the Chinook Financial and First Calgary Financial brands. For more information visit ConnectFirstCU.com.

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of September 30, 2016, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 550,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to billions of accounts. In 2015, The Western Union Company completed 262 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 508 million business payments. For more information, visit www.westernunion.com.

Media Contacts:

Art Chamberlain
Media Relations Manager
Central 1 Credit Union
T 905.282.8534 or 1.800.661.6813 ext. 8534
E achamberlain@central1.com

Chad Lovell
Communications Manager
Libro Credit Union
T 519.672.0130 ext. 4423
E chad.lovell@libro.ca

Alison Archambault
Director, Brand and Stakeholder Engagement
Connect First Credit Union
T 403.736-4015 or 403.473.3676
E aarchambault@connectfirstcu.com

*Funds availability subject to terms and conditions of service, including Agent location hours of operations and differences in time zones.  See Terms and Conditions of Services for Restrictions