Recognizing many credit unions are serving populations left behind by the COVID-19 recovery, World Council of Credit Unions sent a letter to the Basel Committee on Banking Supervision urging it to support a measured and orderly approach to the withdrawal of its pandemic relief measures.

The latest episode of the World Council of Credit Unions' Global Credit Union Podcast features Senior Vice President of International Advocacy Andrew Price discussing his work with global standard setters and regulators. 

Financial services are being forever and irrevocably disrupted due to artificial intelligence—and credit unions will never be the same because of it. WCUC's morning breakout sessions included a panel of specialists sharing case studies on successful examples of digital transformation.

Three virtual events kicked off the first of three days of content contributed by the Worldwide Foundation for Credit Unions during “WF Day” at the 2021 Virtual World Credit Union Conference. Worldwide Foundation also provided an update on how its initiatives have helped credit unions worldwide.

DEI thought leader Raven Solomon helped credit union professionals get “future ready” in the second 2021 World Credit Union Conference keynote speech, which focused on generational equity. The day also included breakout sessions on open banking.

The World Council of Credit Unions welcomed hundreds of credit union professionals to day one of the 2021 World Credit Union Conference, opening the first all-virtual WCUC with a keynote speech and breakout sessions on the digital future credit unions must prepare for going forward.

World Council of Credit Unions announced a new monthly podcast to provide the international credit union community with an in-depth look stories about the work credit unions across the world are doing on behalf of their members.

USAID and Worldwide Foundation for Credit Unions released an initial disbursement from a $1 million liquidity fund to the Ukrainian United Credit Union, a central financing facility, to help partner credit unions address liquidity constraints and support increased agricultural lending.

World Council of Credit Unions has opened registration for the annual World Credit Union Conference to be held virtually from July 14-21. More than 1,500 credit union executives and volunteers from over 60 countries are expected to attend.

How international standard setting bodies react to the institutional stress placed on credit unions upon the withdrawal of COVID-19 relief measures will set the tone for the regulatory issues affecting cooperative finance worldwide in 2021.