Due to globalization and labor migration, companies who engage in
international payments have an opportunity to increase market share in
2014. Is your credit union strategically positioned to take advantage
of this evolving market?More...
Partner Contact: Evan Shelan
eZforex.com is NAFCU Services' Preferred Partner for Outsourced Foreign Exchange Services.
Credit union members are traveling the globe in record numbers and conducting business globally. Offering a convenient venue for members to purchase foreign currency or send a wire to Europe in minutes is a value-added service to credit union members that generates new revenues.
The average amount of foreign currency purchased overseas is roughly $200 per person each day. Thus, $68 billion is exchanged annually. Credit union members traveling for seven days spend an average of $1,400 to $3,500 combined cash and credit cards while abroad. And yet, currency exchange is most prevalent in banks rather than credit unions. This creates a multi-billion dollar industry virtually untapped in the credit union industry. Announcing the sale of foreign currency to its members, a credit union instantly realizes a share of this large market.
eZforex.com is a web-based technology that provides a quick, safe, secure, and efficient method to sell foreign currency, foreign drafts, and foreign wires. Members may choose to purchase from over 100 foreign currencies, or send foreign wires through our Western Union Business Solutions partnership.
How the Sales Process Works: NAFCU members have three (3) methods to sell foreign currency:
eZforex.com provides the following training:
Download our brochure or view our "Introduction to eZforex.com & Outsourced Foreign Exchange" presentation to learn more!
Training is provided at no cost and start up fee is waived for NAFCU members – $100/branch value. NAFCU member credit unions register here.See some credit unions that use eZforex.com on their website:
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Evan Shelan877-EZFOREX ext. 4090http://email@example.com