World Council to co-host European CU Networking Summit

MADISON, Wis. - The World Council of Credit Unions (WOCCU) and the National Association of Cooperative Savings and Credit Unions (NACSCU) of Poland have agreed to co-host the fourth European Credit Union Networking Summit, March 18-19 in Gdansk, Poland. The two-day summit will focus on the implications of cooperative identity and how the European Credit Directive relates to credit unions in Europe. The conference is a follow-up to a 1999 European Credit Union Associations Networking Summit held last November in Bucharest, Hungary. During that conference, representatives from Britain, Ireland, Poland, Albania, Moldova, Bulgaria and Romania discussed the advantages and disadvantages of being included in the European Consumer Credit Directive. That directive, created in 1986 and amended in 1998, establishes minimum standards for member states in adopting rules for consumer protection in credit transactions.

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