Worldwide Foundation for Credit Unions (WFCU) tapped its Ukrainian Credit Union Displacement Fund for $500,000 to launch a new credit union lending program aimed at assisting vulnerable populations and boosting sustainable development in Ukraine.
World Council of Credit Unions outlined the various ways credit unions play a key role in growing financial inclusion for rural and underserved communities as part of a three-day United Nations Department of Social and Economic Affairs UN DESA Expert Group Meeting on the role of cooperatives in economic and social development.
The USAID/World Council of Credit Unions’ Economic Inclusion Project joined Transactional Network of Credit Unions (Coonecta) and the Ecuadorian Integration Network of Credit Unions to launch the Financial Education Network in Ecuador
USAID this month extended the flagship project of its Venezuela Regional Response Program through May 2026, awarding $14 million to World Council of Credit Unions to continue implementation of the Economic Inclusion Project in Peru and Ecuador on a much larger scale.
Fifty credit union members in Belize are making repairs to hurricane-related property damages thanks to $40,000 in disaster relief funds provided by Worldwide Foundation for Credit Unions, the Caribbean Confederation of Credit Unions’ Development Foundation and the Belize Credit Union League.
Emerging credit union leaders under the age of 40 and women of any age can apply for a new fellowship program to designate one person from each category as “Observers” on the World Council of Credit Unions’ Board of Directors. Applicants are due by May 15.
USAID and WOCCU's Economic Inclusion Project introduced a formal guide that will help the Peruvian financial sector identify types of assistance refugee and migrant populations need to access formal financial services and best practices to help facilitate financial inclusion.
CUNA wrote a Senate Foreign Relations subcommittee in strong support of FY24 funding levels of $50 million for the Cooperative Development Program; $30 million for the Credit for Agriculture Producers' Technical Assistance Project; and $50 million to support efforts of the countries surrounding Ukraine.
USAID extended World Council of Credit Unions’ Credit for Agriculture Producers Project through September 2024, providing an additional 18 months to support Ukrainian credit unions in wartime, so they can continue to serve communities, and provide access to savings and agricultural loans.