SEATTLE — Two members of the African-American Credit Union Coalition will head to Kenya this fall to share their knowledge of lending and setting interest rates on savings products.
Hundreds will convene at the Africa Savings and Credit Co-operative Association African Congress, which takes place Oct. 3-6 at the Grand Regency Hotel in Nairobi, Kenya and will be hosted by the World Council of Credit Unions, Canadian Co-operative Association, Irish League of Credit Unions and the Kenya Union Savings and Credit Cooperatives. The annual congress gathers representatives of savings and credit cooperatives known as SACCOs in some African countries, on a yearly basis to exchange ideas and perspectives.
Tarra Jackson, vice president of lending at Delaware Federal Credit Union, will share a presentation on the development of new lending products, risk management and things to consider when making loans. Audia Williams, president/CEO of Union Settlement Federal Credit Union, will put together a presentation on setting interest rates on savings products.
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Jackson considers it an honor to attend the African Congress, which attracted more than 300 people representing 19 countries last year.
"This is an opportunity for the credit union movement to assist internationally," Jackson said. "Any opportunity to go to Africa is a fabulous opportunity for me."
AACUC is one of the sponsors of the meeting, contributing $15,000 and supplementing the expenses for Jackson and Williams with an additional $5,000, according to Hubert Hoosman, AACUC funding committee chairperson and president/CEO of Vantage Credit Union. The coalition has previously established ties to the African continent. Several AACUC board members have traveled to South Africa and the coalition's mentorship committee considers assisting the African credit union movement as one of its ongoing priorities. In 2004 and 2005, Hoosman gave presentations on marketing and branding in Rwanda and Swaziland.
AACUC also supports WOCCU's Strathmore Advanced Management Institute. It provided $3,200 worth of scholarships for three native Africans to attend the training institute. The CUNA Mutual Group Foundation recently gave a $50,000 grant to the institute with WOCCU's Cooperative Development Program matching the funds.
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