The World Council of Credit Unions has two new members: a cooperative holding company from Colombia and Moldova’s credit union trade association.
Cooperativa Médica del Valle is a new associate member and the Central Association of Savings and Credit Associations is a direct member, the World Council said.
The World Council’s board of directors approved their applications at its first-quarter 2012 board meeting in New York City.
COOMEVA is based in Cali, Colombia, and health services, mutual insurance, investment, savings and lending services to 250,000 members. COOMEVA heads a group of 16 companies with $2.8 billion in assets, WOCCU said.
Moldova’s 49 largest credit unions created CASCA in 2009. They represent $12.7 million in assets, 42% of the total credit union assets in Moldova, and 40,735 members, or 32% of the European nation’s total credit union membership.
"We see the continued growth of our organization as a sign of confidence not only in the work we do, but also in the global credit union movement," said World Council Chair Manuel Rabines, CEO of the National Federation of Credit Unions of Peru. "Such support signals a brighter future for us all."
Brian Branch, World Council president/CEO, said, "The global credit union movement continues to grow thanks to the good work of organizations like COOMEVA and CASCA."
The two new members will be formally recognized at the WOCCU 2012 annual general meeting, during the World Credit Union Conference set for July 15-18 in Gdańsk, Poland.