Chair - Federación Nacional de Cooperativas de Ahorro y Crédito del Perú (FENACREP)
Manuel Rabines, chair of the World Council of Credit
Unions board of directors,
represents the Peruvian credit union movement as a delegate of Federación
Nacional de Cooperativas de Ahorro y Crédito del Perú (FENACREP). Headquartered
in Madison, Wis., USA,
World Council is the
leading international trade association and development agency for credit
unions. Worldwide, 57,000 credit unions in 103 countries serve 208,000,000
people. The regional and national credit union and financial cooperative
associations affiliated with World Council represent 55 countries around the globe.
When FENACREP became a direct member of World Council in 2001 at the World Credit
Union Conference and annual general meeting in Killarney, Ireland,
Rabines was re-elected to the World Council board of directors, having previously
represented another organization on the board since 1999. He serves on the audit and risk management committee.
Rabines joined the Peruvian credit union movement in August 1962 as general
manager of the Santa Elisa Cooperative, an organization with 278,000 members.
From 1977–84, he was manager of technical assistance and general manager of
Confederación Latinoamericana de Ahorro y Crédito (COLAC) and also served on
the World Council management committee.
Since 1988, Rabines has held the position of general manager of FENACREP,
with an interruption of two years from 1990-92, during which time he served
deputy minister of labor. As a representative of the Peruvian credit union
movement, he was president of COLAC until October 2000 and of the
Confederated Bank of Latin America until
In the academic arena, Rabines was a professor of financial analysis at the
Private University of Lima. He has also spoken on the topic of credit union
regulation and supervision in Latin America
with representatives from the World Bank, the Inter-American Development Bank
and national regulatory and supervisory authorities. Rabines is a certified
public accountant with a master’s degree in business administration.