EasCorp and Cambridge Global Payments honor International Credit Union Day in a special way
Two firms will waive their charges and encourage credit unions to follow suit
BURLINGTON, MA (October 14, 2016) — Eastern Corporate Federal Credit Union (EasCorp) and its business partner for international payment services, Cambridge Global Payments, announced today that the two companies will jointly celebrate International Credit Union (ICU) Day® this year, Thursday, October 20, by waiving their ordinary fees to EasCorp member credit unions for all foreign-bound funds transfers. Moreover, EasCorp will encourage members to pass this value to their members who need or want to send money on this day.
According to the World Council of Credit Unions, ICU Day has been celebrated on the third Thursday of October since 1948. The day is recognized to reflect upon the credit union movement’s history and to promote its achievements. It is a day to honor those who have dedicated their lives to the movement, recognize the hard work of those working in the credit union industry, and demonstrate appreciation for members.
“Cambridge is very proud to have partnered with Eascorp during the past six years, providing international services to its member Credit Unions through the International Payment Network (IPN). In every instance, we both strive to provide a high level of payment delivery and robust service offerings to each Credit Union and their member base”, said Gary McDonald, Chief Executive Officer, Cambridge Global Payments. “Our continued goal is to enhance our technology to streamline the user experience, and we look forward to seeking additional synergies between our organizations.”
EasCorp’s president and CEO, Jane Melchionda added, “Credit unions are the very best value in the financial services world, plain and simple. By drawing attention to ICU Day, we have a chance to demonstrate and reinforce that credit unions are where people belong both figuratively and literally.”
About EasCorp Federal Credit Union
Eastern Corporate Federal Credit Union (EasCorp) is a corporate credit union serving credit unions throughout the United States from offices in Burlington and Woburn, Massachusetts. EasCorp provides credit unions with a variety of deposit, loan, and investment services, ALM modeling, and security safekeeping services. Its wholly-owned subsidiary, Vertifi® Software, a Credit Union Service Organization, delivers state-of-the-art payment system technologies, including a new FedNow® Service gateway, and innovative digital solutions to the financial services industry. For more information, visit www.eascorp.org.
About Cambridge Global Payments
Cambridge Global Payments is a leading provider of integrated cross-border payment services and risk management solutions. As a trusted partner for over 20 years, Cambridge delivers innovative solutions designed to mitigate foreign exchange exposure and address unique business needs. Our award-winning capabilities and industry-leading technologies simplify the way businesses connect with the global marketplace. As one of the largest bank-independent providers globally, we are flexible and responsive, with offices across North America, Europe, and Australia. Learn more at cambridgefx.com and follow us on Twitter and LinkedIn.