HONG KONG -- Credit unions worldwide continue to nimbly adapt to shifting economic, social, political and even conflict situations, according to World Council of Credit Unions CEO Pete Crear.
Addressing attendees at WOCCU's World Credit Union Conference here, Crear outlined the progress credit unions have made in helping countries around the world build and deepen their middle classes.
"History has shown us that the stability offered by credit unions in both developed and developing nations can help buoy struggling populations and set unsettled economies on a more even keel," Crear told attendees.
"Countries whose populations formerly were characterized only by groups of 'have-nots' and 'have-mores' have achieved greater economic balance through credit union development, enabling people to support their families and approaching a social equanimity that can lead to peace and relative prosperity," he stated.
--dmorrison@cutimes.com
