Under proposed Basel III guidelines, credit unions must treat shares members can redeem without restriction as liabilities on their balance sheets.
Paul Hazen has been named executive director of the U.S. Overseas Cooperative Development Council, moving over from the National Cooperative Business Association.
Increasing regulatory concerns and advocacy needs have led to the creation of a new credit union trade association in Colombia, leaders there said.
With the World Council of Credit Unions' assistance, the group will soon be distributing the prosthetics through Afghanistan's Islamic Investment and Finance Cooperatives.
Distinguished Service Award recipients will be recognized at the World Credit Union Conference, July 15–18 in Gdańsk, Poland.
In paying tribute to those leaders and pioneers who are gone, please note this listing is not exhaustive. We respectfully regret any oversights.
After 23 years, Fred Johnson, president and CEO of the Credit Union Executives Society will retire effective Dec. 31, 2012.
Stepping down next Dec. 31 after more that two decades on job.
Auto lending CUSO CU Direct Corp. and a Scottish CUSO have received approval to become associate members of the World Council of Credit Unions.
The World Council of Credit Unions is encouraging holiday gift givers to consider giving the gift of microloans.