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MADISON, Wis. — A recent trip to Cambodia was an eye-opening experience for Bill Raker, president and CEO of the $715 million US Federal Credit Union. Raker was traveling as part of a collaborative effort between the World Council of Credit Unions and the Credit Union Foundation of Australia to strengthen credit union growth in Cambodia.

Raker was one of the first foreigners ever to visit the remote location of Krang Ampil Village Bank credit union. First organized in 2001, the credit union has 47 members from a village of about 125 families. Members pool their savings to provide loans for fellow members to buy chickens for raising and selling, fertilizer and rice for planting, and goods for selling in the village market.

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