MARSHFIELD, Wis. (9/20/13)--Nomadelo Sauli's trek from Pretoria, South Africa, to Wisconsin to get the tools needed to help credit unions thrive in her country was featured, along with Credit Union National Association Chairman Pat Wesenberg, in Monday's Marshfield (Wis.) News Herald.
Sauli is deputy director of capacity building for the Cooperative Banks Development Agency (CBDA). She is interning this week at Central City CU, Marshfield, where Wesenberg is president/CEO.
"We're hoping she can go back and help credit unions in the whole country with ideas on how they can develop and help people," Wesenberg told the publication.
Sauli started her four-day internship at the $207 million asset credit union on Monday after graduating from a week-long Credit Union Development Educator training course in Madison, Wis. At the credit union, she is learning about savings and loan products, financial analysis and management, and, what she says is most important, strategies for growing and marketing credit unions in South Africa.
The credit union sector is still young in South Africa and doesn't have many young people. When Sauli returns home, she will concentrate on increasing membership and deposits in credit unions through using savings challenges and educating young people about member-owner financial institutions. She noted in the article that millions are underserved or unhappy with their banks, and credit unions can help members of smaller communities gain access to financial services.
Although South Africa has about 100 credit unions, fewer than 20 are registered with the government, Sauli said. She plans to return with information to help credit unions meet the banking requirements of the National Treasury.
The trip was organized by the World Council of Credit Unions. For the full article, use the link.