Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BRUSSELS, Belgium – Seventeen representatives of the British, Irish, Lithuanian, and Polish credit union movements met in Brussels last week to discuss a common strategy to address the impact of European Union legislation on credit unions and their members. The World Council of Credit Unions served as the facilitator for the meeting that was chaired by Bobby McVeigh, 1st chairman of WOCCU’s Board of Directors. New directives in the areas of consumer credit, money laundering, payment systems, consumer protection, accounting standards and capital requirements are some of the changes in the EU legislation affecting credit unions. WOCCU said “these need to be analyzed and possible amended to respond to the demands of protecting the uniqueness of credit unions serving their members in the EU.” “There is no doubt about the urgent need for influencing EU legislation protecting the interests of credit unions and their members. EU legislation is gradually overriding national legislation, and therefore potentially influences the future of credit unions in the EU,” said WOCCU President/CEO Arthur Arnold.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.