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.
Once the Financial Crimes Enforcement Network’s new customer due diligence rule becomes effective May 11, 2018, credit unions will be required to identify and verify the beneficial owners of business-type accounts.
Atlanta-based Arby’s restaurants has acknowledged a data breach involving approximately a number of its corporate-owned locations, reports Krebs On Security. The breach is estimated to have occurred between Oct. 25, 2016, and Jan. 19.
Federal Reserve Chair Janet Yellen testified before Congress this week, and her remarks match CUNA economists’ prediction of moderate economic growth in 2017. Perc Pineda, senior economist at CUNA, also predicted rate hikes this year.