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.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.
CUNA is concerned with a report on consumer testing used by the CFPB to analyze periodic statement forms for consumers in bankruptcy, but concurs with some of its findings. The bureau issued a report in February on its study.