The world's third largest credit union movement celebrated its 50th anniversary Sept. 7 in the Republic of Korea. Currently, 1,000 credit unions in South Korea
Representing one of the world's fastest growing credit union movements, 12 representatives from Uzbekistan's Central Bank arrived at WOCCU's Madison, Wis. headquarters late last month to explore best practices and other strategies.
American credit unions aren't subject to international capital requirements, but changes to these requirements could prompt the U.S. government to allow supplemental capital.
Government policy makers in El Salvador have taken steps to develop economic policy and payments system support for credit unions and financial cooperatives prompted by the shrinkage of commercial bank loans here.
The shrinkage of commercial bank loans in El Salvador has prompted government policy makers here to develop economic policy and payments system support for credit unions and financial cooperatives.
World Council of Credit Unions board director Anne Cochran has been named treasurer of the group, replacing Mark Bailey.
The World Council of Credit Unions' Board has unanimously voted to award Poland's Lech Kaczynski the 2010 Distinguished Service Award. The former president died with 95 other government officials and their spouses in an airplane crash April 10.
World Council of Credit Unions' Haiti relief fund has exceeded $1 million in donations, the global development organization announced April 9
Provisions of a regulatory reform bill aimed at increasing disclosure requirements for financial institutions and other providers of wire transfer services violate the Uniform Commercial Code and could prevent credit unions from offering those services.
Poland's successful credit union movement will have representation among President Lech Kaczynski's advisers, as part of the newly created National Development Council.