MADISON, Wis. – Officials from Bolivia’s Superintendency of Banks recently got a hands-on experience of Ohio’s credit union system and the corporate network thanks to the WOCCU’s People to People Partnership. The Partnership, also formed by WOCCU-Bolivia, the Ohio Credit Union League and Corporate One Federal Credit Union, welcomed Efrain Camacho, Bolivia’s deputy director of the Superintendency and Waldo Salina, Bolivia’s head of Non-Bank Financial Institutions to Ohio to learn about the credit union movement there. “One of the great challenges for Bolivian credit unions is reaching greater efficiencies and achieving greater outreach to bring the vast number unbanked citizens into the financial system,” said Julio Fernandez, Bolivia project director for WOCCU. “A central finance facility would greatly further these efforts, now we just have to find the appropriate mechanism within the regulatory framework.” Camacho and Salina also met with Kent Buckham, NCUA director of office of corporate credit unions and Ken Roberts, deputy superintendent of the Division of Financial Institutions at the Ohio Department of Commerce. Both officials also toured Western Credit Union and Core One Credit Union to hear more about how CUs benefit from using corporate and league services.
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