Sergiy Nikolaychuk speaks at WOCCU's 2022 World Credit Union Conference in Glasgow, Scotland on July 17, 2022 (Photo: Alan Peebles). Sergiy Nikolaychuk speaks at WOCCU’s 2022 World Credit Union Conference in Glasgow, Scotland on July 17, 2022 (Photo: Alan Peebles).

During the Sunday’s opening ceremony of WOCCU’s 2022 World Credit Union Conference, Ukraine’s Deputy Governor of the National Bank of Ukraine (NBU) gave audience members a bleak view of what Russia’s invasion has done to the country and the nation’s credit union system.

“Today, 20 credit unions are located in the territories temporarily occupied [by Russia] since Feb. 24, while 17 credit unions are in combat zones, and another 34 credit unions actually do not perform any activities because most of their staff have evacuated,” Deputy Governor of NBU Sergiy Nikolaychuk said.

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Michael Ogden

Editor-in-Chief for CU Times.

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