Island Savings

Island Savings among the first Canadian financial institutions to offer international exchange service SendGlobalâ„¢

October 30, 2018

Duncan, BC
–Island Savings, a division of First West Credit Union, became one of the first financial services providers in Canada to roll-out SendGlobal™, an international money transfer mobile application.

Launched in partnership with FICANEX, SendGlobal provides a secure way for customers to send money around the world. Integrated through the tunl.™ platform built by FICANEX, First West Credit Union and its regional divisions – Envision Financial, Island Savings, Valley First and Enderby & District Financial – have launched the app and now offer this service to their current and prospective members.

Using the existing system that supports THE EXCHANGE Network’s surcharge-free national ATM network, also owned and operated by FICANEX, SendGlobal™ allows First West members to send money to more than 80 countries around the world directly from their bank account. Recipients may pick up their funds at over 145,000 locations globally, receive the funds directly to their bank account or have the cash delivered directly to them. The mobile app has been completely customized to meet the needs of First West’s regional divisions to further support the brand strength within the communities they serve.

“We are thrilled to be the first financial institution in Canada to launch SendGlobal™ and we are thankful to our partners at FICANEX for enabling us to offer this cost-effective solution to help simplify the lives of our members,” says Launi Skinner, Chief Executive Officer at First West Credit Union. “Our vision at First West is to redefine the cooperative banking experience for our members, and we’re able to do this by being an industry leader when it comes to innovation and technology within the Canadian credit union system.”

“I’m extremely proud of the work that has been accomplished to build the tunl. platform as well as integrate the SendGlobal solution for First West Credit Union, all in under 12 months.” said Andrew Obee, President & CEO of FICANEX. “Our fintech partner, Mobetize Corp., as well as our international Money Transfer Operator, Xpress Money, have been vital to the success of this initiative, as have Cardtronics, the Central Switch Provider for THE EXCHANGE Network, and Everlink Payment Services Inc., the switching services provider for First West Credit Union. This collaboration has produced a superior product unlike anything else available to credit unions or tier 2 banks in Canada.” added Mr. Obee.

 

About Island Savings

Island Savings is a member-owned financial co-operative, providing banking, investment and insurance services for residents and businesses throughout Vancouver Island and the Southern Gulf Islands. As a division of First West Credit Union, B.C.'s third-largest credit union with $10 billion in assets, 250,000 members, 53 branches and 38 insurance offices throughout the province, Island Savings brings innovative products, an extensive branch network and local decision making to the banking experience. For more information on Island Savings, visit www.islandsavings.ca.

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