World Council Membership Criteria

National organizations that represent financial cooperatives or regional confederations of national organizations may join as direct affiliates provided that no other national organization from that country is affiliated with World Council. Member organizations must abide by International Credit Union Principles and demonstrate financial viability. Direct members pay a mandatory annual fee, calculated on the basis of affiliated credit unions’ total assets. The board of directors review and vote upon new membership applications three times per year. The General Assembly approves formal membership admission at its Annual General Meeting.

To apply for full membership, please submit the following items:

1. Letter of intent from your board of directors requesting direct membership.
2. Completed membership application (also available in French and Spanish).
3. Constitution and bylaws of your organization.
4. Certification from your board of directors stating that the:
   
   • Application was adopted by a majority of your directors.
   • Organization will abide by World Council bylaws.
   • Organization currently adheres to, or will strive to meet within an acceptable period of time, currently accepted best business practices as defined by World Council, including adhering to and promoting PEARLS standards within your membership base.
     
5. World Council delegate: board authorization and designation, as well as contact information, for the
   person selected as your delegate to World Council’s General Assembly. This individual will receive member communications from World Council.
6. Annual financial statements: your organization’s three most recently audited financial statements. World
   Council reserves the right to request audited financial statements from an internationally recognized/accredited independent certified public accounting firm.
   
7. Mandatory dues payment in US$ for the first calendar year or prorated half-year.

Please submit your full application to:

Dave Grace
Vice President, Association Services
World Council of Credit Unions
5710 Mineral Point Road
Madison, WI 53705-4493
dgrace@woccu.org