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CUs in Vermont, Peru sign partnership agreement

Armando Ouchida, CEO of Peru's Pacifico CU (Cooperativa de Ahorro y Credito Pacifico), traveled to Vermont last week to sign a World Council of Credit Unions (WOCCU) international partnership agreement with NorthCountry FCU, South Burlington, Vt.

The peer-to-peer relationship is the third of its kind in the state and enhances the partnership between the Association of Vermont Credit Unions (AVCU) and its Peruvian counterpart, the Federacion Nacional de Cooperativas de Ahorro y Credito del Peru, AVCU said (Newslines Express May 6).

During his visit, Ouchida met with NorthCountry CEO John Benoit and department managers and learned about the credit union's lending, finance, technology, operations, and marketing departments.

Ouchida and Benoit traveled to Montpelier, where they toured NorthCountry branches, then had lunch with NorthCountry Director Vaughn Carney and Tom Candon, deputy commissioner of Vermont's Department of Banking, Insurance, Securities and Health Care Administration, which regulates state-chartered credit unions.

The two also met with AVCU President Joe Bergeron and Bernie Isabelle, CEO of Vermont FCU, Burlington. Vermont CU has a WOCCU international partnership agreement with a Peru credit union. Pacifico and NorthCountry are working to arrange a visit to Peru for NorthCountry personnel in October.

Source: CUNA

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