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.
World Council of Credit Unions congratulates its President/CEO Brian Branch upon the announcement of his retirement, effective July 2021. Branch has enjoyed a career that has spanned 31 years with World Council.
The international credit union movement added over 17 million members in 2019 to reach a new membership high of more than 291 million in 118 countries, according to World Council of Credit Unions’ 2019 Statistical Report.
CUNA President/CEO Jim Nussle joined NCUA Chairman Rodney Hood and World Council of Credit Unions President/CEO Bran Branch Monday afternoon for a discussion on the credit union role in inclusion, justice and advocacy.
Forty thousand facemasks donated to World Council of Credit Unions by the National Credit Union Federation of Korea are heading to more than 30 countries to protect credit union employees and members from COVID-19. NACUFOK President/CEO Younsik Kim, led the effort to purchase the facemasks.
World Council of Credit Unions’ Economic Inclusion Project and its partners in Peru worked in August to assist Venezuelans migrants—ranging from aspiring entrepreneurs to trained medical doctors—with restoring their livelihoods in a new country.
The inaugural meeting of the COVID-19 Response Committee focused on identifying areas of greatest need throughout the international CU movement in managing issues caused by the pandemic. Members agreed on was that credit unions everywhere will likely face much bigger problems in 2021.
The USAID approved an extension of World Council of Credit Unions Credit for Agriculture Producers Project in Ukraine through March 2023, continuing to improve the regulatory environment for credit unions in Ukraine and extend more credit union loans to the country’s farmers and agribusinesses.
This year the Global Women's Leadership Network pivoted its annual fundraiser to a virtual "Pay to NOT Play" golf festival and raised 200% of its goal with the support of more than 100 attendees from more than a dozen countries.