Ga., British CU leagues form collaborative partnership

May 20, 2016

In concert with the World Council of Credit Unions, Georgia Credit Union Affiliates (GCUA) and the Association of British Credit Unions Limited (ABCUL) announced the formation of a mutual learning partnership among credit unions in Georgia and Britain (England, Scotland and Wales).

A delegation of credit union leaders from Georgia traveled to Manchester, England,in March to attend the ABCUL annual conference. In his address to the conference, GCUA President/CEO Mike Mercer said GCUA and ABCUL are exploring ways credit unions in both countries can collaborate.

Representatives from British and Georgia credit unions met during the conference to discuss opportunities to work together.They developed a list of focus areas that includes new products and services, best practices, member needs assessment, underwriting and servicing secured loan products, developing and motivating staff, member communication, technology and automation, growth strategies, brand strategies, digital distribution systems, corporate governance, contracts and documents,and loan portfolio strategies.

British credit union representatives will visit Georgia in the fall. In the meantime, GCUA will assist ABCUL with legal and regulatory enhancement opportunities. 

The World Council encourages forming international partnerships for mutual benefit, and will be contributing staff resources in these efforts as well. ABCUL Chief Executive Mark Lyonette was a featured speaker at the GCUA annual convention in Savannah, Ga., held May 11-14.