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Luminus Financial Partners With Interchange Financial to Provide Currency Exchange Services

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TORONTO, ON – Luminus Financial (“Luminus”) is pleased to announce its partnership with Interchange Financial Corporation (“Interchange”) to provide retail foreign currency exchange services to its members at its previously announced new financial hub, scheduled to be open at 1 Yonge Street in June 2015 (See Company Press Release Dated January 19, 2015).

Interchange is a leading Canadian retail foreign currency exchange company that provides a full suite of innovative solutions through its website and growing network of boutiques. Interchange’s model of delivering market leading foreign exchange prices in a retail centric format is unique in the Canadian financial services sector and a key driver behind the company’s sustained success.

“Interchange is a valuable addition to complete our service offering at the new financial hub,” said George De La Rosa, CEO of Luminus Financial. “Together with CWP Financial, we are excited to have Interchange join forces with us to provide comprehensive one-stop banking solutions to our members that will include full service banking, wealth management and foreign currencies.”

Luminus Financial Hub – a different banking experience:

Luminus Financial’s new “financial hub” aims to provide a boutique banking experience. Unlike a traditional bank, this new branch will offer a “one-stop shop” for financial solutions, all the while demonstrating credit unions’ commitment to providing more member-oriented services. As with the tradition of the credit union, this financial hub emphasizes community and personable interactions.

Services:

The hub is designed to foster an environment where members can interact with the staff of Luminus and improve their understanding of their personal or business financial status. Members will have access to a full range of financial services from the credit union and its partners, including

  • Educational Luncheons where members will not only be able to interact with the different financial professionals, but will also be able to exchange ideas with other members at the hub.
  • On-site Training where financial professionals will guide members through different banking applications and products.
  • Resource Centre with a wealth of information for members to access, giving them the ability to enhance their personal finances.
  • Best Exchange Rates from Canada’s premier independent currency exchange specialist, Interchange Financial.
  • Wealth Management Services from the licensed investment partner, CWP Financial Services, an affiliate of Sun Life Financial.

About Luminus Financial Inc.

Luminus Financial (formerly Starnews), an Ontario credit union, was founded in 1951. Headquartered in Toronto, Canada, Luminus provides banking products and services, including business and personal banking, loans, investment products and insurance to anyone living or working in Ontario.

Renamed in 2011, Luminus started as the designated credit union for employees of Toronto Star, Metroland, Air Canada, Globe and Mail and Metro. In 2013, Luminus partnered with BDO Unibank Inc. in the Philippines to launch the credit union’s “Remit Now, Pay Later” campaign featuring low-cost remittance programs to facilitate a cost-effective way for members of the Filipino community in Canada to send funds to their family and loved ones still living in the Philippines.

Members of Luminus are also owners of the credit union. At Luminus, member-owners have access to financial services at the least possible cost. Additionally, Luminus’ profits are shared with its members in the form of bonus interest on deposits and interest rebates on loans and mortgages.

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