Super storm Haiyan, which devastated the city of Tacloban and the central Philippine islands, has spurred the current call for disaster relief organized through the Worldwide Foundation.
In the past three years, the foundation has delivered $1.5 million in aid to credit union organizations in areas hit by tropical storms and earthquakes, including Chile, Haiti, and El Salvador.
The Worldwide Foundation receives gifts and makes grants for the World Council of Credit Unions. Through the generosity of donors, the foundation is building a global community of credit unions and helping to improve the lives of millions worldwide.
Foundation funding supports World Council programs including credit union development activities, the Global Women’s Leadership Network, the International Partnerships Program, and the Busia orphanage project in rural Kenya.
The International Partnerships Program pairs credit union and league volunteers in the U.S. and Canada with developing movements around the world to exchange ideas, best practices, and technical expertise.
World Council’s partnership with the Busia Compassionate Centre brings both immediate and lasting change to Kenyan orphans—and their communities— through an integrated approach focusing on personal empowerment and financial inclusion.
The discussion boards on CUNA’s Compliance Community featured an interesting discussion last week: what is the difference between the terms “share draft” and “checking account”? The correct use is important since credit unions pay dividends, not interest.