CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Credit Union Magazine
    • Buyers' Guide
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » Ukrainian Credit Union Displacement Fund total tops $1 million
CU System

Ukrainian Credit Union Displacement Fund total tops $1 million

April 13, 2022
UKRFund

The Worldwide Foundation for Credit Unions (WFCU) has raised more than $1 million for its Ukrainian Credit Union Displacement Fund in six weeks. That total includes donations from more than 1,100 individuals, over 140 credit unions and dozens of credit union leagues, associations, foundations and other industry partners.

“We continue to be overwhelmed by the incredible generosity of our global credit union movement. While it is not surprising, because we know how our international community comes together in times like these, it is humbling and overwhelming to see so much support come in such a short period of time,” said Mike Reuter, executive director, Worldwide Foundation for Credit Unions.

WFCU, the charitable and engagement arm of World Council of Credit Unions, launched the Displacement Fund Feb. 27, less than one week after Russia invaded Ukraine. Russia continues to launch attacks on both government and civilian targets in Ukraine, causing death, destruction and the displacement of millions internally and across Europe.

WFCU will continue to solicit donations to grow the current total of the Displacement Fund. A portion of the money raised is being designated for humanitarian aid efforts to assist credit union members and displaced Ukrainians. The rest is being earmarked for the long-term recovery and rebuilding of Ukraine's credit union system.

World Council of Credit Unions anticipates there will be a demand for re-establishing a prudent regulatory and operating environment that will allow Ukrainian credit unions to focus on individual needs, support of small and medium enterprises (SMEs) and agricultural lending designed to help with the economic recovery of the Ukrainian people. WOCCU can provide this assistance in Ukraine and in any other countries where credit unions are well positioned to continue to serve Ukrainian refugees.  

To donate to the Ukrainian Credit Union Displacement Fund, click here.

To stay updated on how Russia's invasion of Ukraine is impacting credit unions there, visit our Ukrainian Crisis Response Blog.

KEYWORDS ukraine
Credit Union Magazine: Summer 2023

Summer 2023

Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.
Digital Edition •  Subscribe

Trending

  • CUNA, League, credit union-opposed interchange bill reintroduced

  • CUNA, Leagues issue action alert in opposition to interchange bill

  • CUNA urges Congress to oppose interchange legislation

Tweets by CUNA_News

Polls

Do you think ChatGPT will become useful for credit unions?

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us