CUNA Board Approves Resolution in Support of Ukraine
FOR IMMEDIATE RELEASE
March 22, 2022
The CUNA Board of Directors Friday approved a resolution affirming CUNA’s continued support of Ukrainian credit unions during the Russian invasion.
“The humanitarian crisis unfolding in Ukraine right now deserves our attention, and the CUNA board desires for America’s credit unions to make our stance on it very clear,” said Tony Budet, CUNA’s board chairman and CEO of University Federal Credit Union. “Credit unions around the world work to make their members’ financial lives better and will remain steadfast in our support for Ukraine throughout this unprovoked war and, eventually, as the country works to recover.”
CUNA board officially resolved to:
- Remain united with Ukrainian credit unions—as well as their counterpart organizations in the U.S. and abroad—as they continue to play a critical role in the financial security of their people;
- Support World Council of Credit Unions and the Worldwide Foundation for Credit Unions in their efforts to assist displaced credit union members and staff, and to build reserves for credit union recovery and rebuilding through the Ukrainian Credit Union Displacement Fund; and,
- Continue to work to ensure access to not-for-profit financial cooperatives for the Ukrainian people through the conflict and eventual rebuilding and recovery.
The board also applauded the National Association of Cooperative Savings and Credit Unions—World Council’s direct member association in Poland—and other World Council direct members in the region for coordinating relief efforts in both Poland and Ukraine.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 130 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.