Credit unions across Illinois have provided more than $110,000 for a variety of humanitarian relief efforts in Ukraine. Donations to the Illinois Credit Union Foundation’s Ukraine Fund--including $25,000 in matching funds from Envisant--will go to the Selfreliance Foundation Ukraine Relief Fund.
World Council of Credit Unions’ Credit for Agriculture for Producers’ Project managed to make strides during the second quarter of FY2022 despite the Feb 24 Russian invasion of Ukraine, while putting some activities on hold due to the ongoing war.
The largest credit union in Poland is spending its time and money to provide all Ukrainian refugees in the country with easier access to its financial products and services, while assisting some with free housing and schooling as well.
Russia's invasion of Ukraine has forced 18% of Ukraine's economy to completely shut down, resulting in a national loss of more than US $600 billion to date, Oleksandr Plodysti, Ukraine's Consul General to Gdansk, Poland, relayed to World Council of Credit Unions.
World Council of Credit Unions President/CEO Elissa McCarter LaBorde is visiting Poland this week to meet with Ukrainian and Polish credit union leaders about the short- and long-term challenges they face due to Russia’s invasion of Ukraine.
The Worldwide Foundation for Credit Unions 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.
The California and Nevada Credit Union Leagues has pledged $100,000 toward Ukrainian financial relief efforts to help sustain credit union employees and members who are most in need as the current crisis unravels across that country.
Credit Union Magazine’s Fall 2022 issue highlights credit unions’ role in cryptocurrency, the state of digital assets, cannabis banking compliance, the human side of technology implementation, and involving the board in financial discussions.