Ukrainian flag on the background of the rally Source: Adobe Stock

Offices closed or destroyed, seven-hour lines at ATMs, employees who have joined Ukraine’s armed forces, and threats of Russian occupiers forcing credit union leaders to transfer money – these are the things Ukraine’s credit union community is facing amid the war, as described in a podcast episode released Thursday by the World Council of Credit Unions.

In episode 11 of WOCCU’s Global Credit Union Podcast, WOCCU Director of Communications Greg Neumann spoke to a credit union liaison referred to as “Aleksandr,” which is not his real name (his identity was concealed due to safety concerns). Having recently fled Eastern Ukraine to stay with friends in the Western region of the country, Aleksandr shared that more than 20 credit unions are located in areas of active war; most credit union facilities are closed, some have been destroyed, and many Ukrainian credit union members have likely lost their homes and/or lives. Like many civilians who lived peaceful, perhaps mundane lives just a month ago, some employees of credit unions are now a part of Ukraine’s armed forces.

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Natasha Chilingerian

Natasha Chilingerian has worked in the credit union space for over a decade. She joined CU Times as managing editor in 2015 and was promoted to executive editor in 2019. Before that, she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer and editor for more than 17 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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