WOCCU advocates for credit unions struggling under the weight of AML, BSA and other regulatory burdens.
Banks say small business loans are too expensive to justify their minimal returns.
Comment letter from World Council in response to AML clarifications sought by Paris-based Financial Action Task Force.
Most Canadian credit union executives can't remember a time when they didn't have to pay a nominal tax on income. But in the near future, the 40-year-old credit union tax, like most taxes, will increase.
WOCCU executive counters Canadians' Water Cooler Symposium claims about power of paying taxes.
The World Council of Credit Unions urged the Basel Committee on Banking Supervision to strive for greater clarity in its recent “Sound Management of Risk Related to Money Laundering and Financing of Terrorism” consultative document. The Basel Committee’s AML rules are one of the international standards that influence U.S. credit unions’...
World Council pens letter on AML lists and CU membership to Basel Committee on Banking Supervision.
Council reps at International Accounting Standards Board panel discussion on Monday.
World Council and European Network of Credit Unions meet with policymakers to discuss regulatory proposals that would affect credit unions.
Just like the 14,000 member credit unions it supports, the World Council of Credit Unions in Madison, Wis., must intermittently reevaluate its structure and programs in order to best meet the needs of those it serves.