Foreign Exchange Services

As part of the national credit union network, IC Savings has access to the best live exchange rates on the Interbank market, the world’s largest currency exchange.

IC Savings commercial members can also protect their business from currency fluctuations through IC Savings' alliance with Central 1 Credit Union, where we can help you arrange forward contracts that guarantee what you will pay or receive at a future point in time.

Also known as hedging, forward contracts let you lock in a specific exchange rate today for a currency to be purchased or sold in the future. This allows you to shield your foreign transactions against market fluctuations, preserve your profit margins, and compete more effectively by quoting in Euros or another local currency for an overseas project. Contact IC Savings today and ask about our forward contracts.