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Creating Opportunites that Last
People living in poverty worldwide lack the basic financial services that so many of us take for granted. Without access to microloans, many of the world's working poor aren't able to grow their small businesses, and without a safe place to save money, their meager earnings can disappear.
Since 1971, World Council of Credit Unions has been working to change this by creating opportunities that last — opportunities made possible through credit unions.
Credit unions are a unique solution, and they take a different approach than other microfinance institutions or charities. By helping communities build their own credit unions, World Council ensures members gain access to the financial building blocks needed to support families and strengthen local economies. And this is why credit unions are a sustainable solution to help the world's poor lift themselves out of poverty.
Visit the links at left to learn more or browse our videos.
The Worldwide Foundation for Credit Unions is the official
fundraising and gift-receiving organization for World Council.
|Philippine Disaster Donors|
- BIU Members Credit Union Co-op. Society (Hamilton)
Saint Kitts and Nevis
Trinidad and Tobago
- BAG Credit Union (South Wales)
- Dragonsavers Credit Union (Treorchy)
- The Co-operative Credit Union (Liverpool)
- Pat Buchanan (Lydbury North)
- Ella Ferris (Nottingham)
- Graham Richings (Gloucester)
- John Smith (Hull)
United States of America
- American Lake Credit Union (Tacoma, Washington)
- BECU (Seattle, Washington)
- California League Services Corporation (Ontatio, California)
- Carolinas Credit Union Foundation (Kernersville, North Carolina)
- Clark County Chapter of Credit Unions (Vancouver, Washington)
- Coastal Federal Credit Union Foundation (Raleigh, North Carolina)
- CommonWealth One Federal Credit Union (Alexandria, Virginia)
- Co-op Services Credit Union (Livonia, Michigan)
- Cornerstone Credit Union Foundation (Farmers Branch, Texas)
- Credit Union Executives Society (Madison, Wisconsin)
- Credit Union Service Network (Evergreen, Colorado)
- CUNA Mutual Group (Madison, Wisconsin)
- Defense Credit Union Council (Washington, District of Columbia)
- Education Credit Union (Amarillo, Texas)
- Flag Credit Union (Tallahassee, Florida)
- Greater Hartford Police Federal Credit Union (Hartford, Connecticut)
- Heritage Family Federal Credit Union (Rutland, Vermont)
- Indiana Credit Union Foundation (Indianapolis, Indiana)
- Jersey Shore Federal Credit Union (Northfield, New Jersey)
- JSC Federal Credit Union (Houston, Texas)
- Lithium Federal Credit Union (Bessemer City, North Carolina)
- Louisiana Credit Union Foundation (Harahan, Louisiana)
- MECU Foundation (Baltimore, Maryland)
- Motorola Employees Credit Union (Schaumburg, Illinois)
- Nassau Educators Federal Credit Union (Westbury, New York)
- National Credit Union Foundation, Inc. (Washington, District of Columbia)
- Northwest Credit Union Foundation (Seatac, Washington)
- Ohio Credit Union Foundation (Columbus, Ohio)
- Pacul Services, Inc. (Harrisburg, Pennsylvania)
- Patelco Credit Union (Pleasanton, California)
- Pennsylvania Credit Union Association (Harrisburg, Pennsylvania)
- Pennsylvania Credit Union Foundation (Harrisburg, Pennsylvania)
- People's Trust Federal Credit Union (Houston, Texas)
- PSCU (Tampa, Florida)
- SchoolsFirst Federal Credit Union (Santa Ana, California)
- Southern Federal Credit Union (Houston, Texas)
- State Civil Service Employees Federal Credit Union (Watertown, New York)
- Travis Credit Union (Vacaville, California)
- U.T. Federal Credit Union (Knoxville, Tennessee)
- Wisconsin Credit Union Foundation (Pewaukee, Wisconsin)
- Chris Baker (St. Mary's City, Maryland)
- Jeffrey Balinnang (Madison, Wisconsin)
- Dominica Barber (Oakland, California)
- Jodi Broger (Monticello, Wisconsin)
- Susan Bryan (San Francisco, California)
- Al & Aggie Charbonneau (Riviera Beach, Florida)
- Eloisa Chavas (Fitchburg, Wisconsin)
- Pam Cook (Oregon, Wisconsin)
- Mary Ann Demczak, CUDE (Burgettstown, Pennsylvania)
- Betty DeWeese (Longview, Texas)
- Ed & Eileen Fadely (Dover, Pennsylvania)
- Amy Fuller (Atlanta, Georgia)
- Kathy Garner (Flower Mound, Texas)
- Peter Graves (Washington, District of Columbia)
- Ron & Marsha Hance (Rutland, Vermont)
- Kimberly Hester (Rancho Cucamonga, California)
- Anthony Hinds (Bear, Delaware)
- Jeffrey Jones (Zebulon, North Carolina)
- Robert Kimmett (Winchester, Massachusetts)
- Michael McCartney (Fairfax, Virginia)
- Karen Mensinger (Grapeview, Washington)
- Richard Miller (Bowling Green, Kentucky)
- Greg Moore (San Clemente , California)
- Robin Myers (Bayside, New York)
- Calyn Ostrowski (Madison, Wisconsin)
- Louie Penaflor (Portage, Wisconsin)
- Donna Phan (Sugar Land, Texas)
- Jackie Ross (SHELTON, Washington)
- MORRIS RYAN (ISSAQUAH, Washington)
- Bob & Diane Schumacher (Walla Walla , Washington)
- Judith Shaffer (Redondo Beach, California)
- Gerald and Carla Singleton (Bozeman, Montana)
- Kathleen Smith (Madison, Wisconsin)
- Kevin Smith (Madison, Wisconsin)
- Marion Smith (Briarwood, New York)
- Michael Spink (Durham, North Carolina)
- Steven Stapp (San Francisco, California)
- Judy Tharp (Advance, North Carolina)
- Sarah Turner (Oakton, Virginia)
- Susan Christiansen (Madison, Wisconsin)
- Charles & Alaina Goldstone (Madison, Wisconsin)
- Paul & Krischelle Howl (Waunakee, Wisconsin)
CREDIT UNIONS AFFECTED: FACTS & FIGURES
According to a November 18 report by the Philippine National Disaster Risk Reduction and Managment Council,Typhoon Haiyan has killed 3,976 individuals, injured 18,175 and displaced 850,808. Ten million people have been affected as the superstorm ravaged homes in villages such as Tacloban, destroying "every single building, every single house," according to U.S. Marine Brig. Gen. Paul Kennedy in a USA Today report.
Forty cooperatives in the the National Confederation of Cooperatives (NATCCO) network have been affected by
the typhoon including 500 staff members; and this number is expected to rise since
not all credit unions within the network have submitted their reports. Typhoon Haiyan’s greatest impact on credit
unions is in Leyte, Eastern Samar, Capiz, Tacloban and Cebu municipalities and has the
potential of distressing 1.5 million cooperative members.
Immediately after the storm, many credit
unions visited or sent text messages to ensure staff and members were alright. The capacity to restore financial services is depending on the level of damage to each credit union facility. Generally, many cooperatives opened
within one week after the typhoon and are currently running on generators. However,
three credit unions in Leyte have not re-opened as well as the largest credit union
in Tacloban City that has been severely damaged from wind and flooding.
Types of financial services and operations vary among
cooperatives; however, most are trying to provide members with access to their
savings. In many cooperatives members are requesting access to calamity loans
so they may begin to rebuild their lives; while others who have such insurances
are beginning to process their claims. In Cebu, credit unions are offering members
access to generators so they can charge their cellphones.
As new information becomes available we will update this
website. Please continue to check back or contact us if you have any questions.
WORLD COUNCIL RESPONSE
Credit unions and their members have been deeply affected by this disaster. World Council is working with the Association of Asian Confederation of Credit Unions, NATCCO and VICTO National Cooperative Federation and Development Center, as well as other credit union connections on the ground, to assess credit union damages and strategize on how we might best respond to their relief needs.
World Council is also coordinating response efforts among the Asian,
Australian, American, Canadian and Irish credit union systems to
maximize impact and ensure credit unions have the resources they need to
provide immediate and long-term services for their members.
The Worldwide Foundation for Credit Unions, World Council's official gift-receiving and grantmaking entity, is committing financial resources to help credit unions and their members rebuild. Donations are currently being collected and thanks to CUNA Mutual Group's existing disaster fund with the Foundation, a grant of $15,000 has already been given to NATCCO for rebuilding efforts.
HOW DONATIONS WILL BE USED
NATCCO and VICTO will receive a grant from the Worldwide Foundation and
funds will be used to support the rebuilding efforts of credit unions in the
affected areas. Your contribution will help purchase institutional-capacity
items such as office equipment, generators, computers and furniture as well as
the necessary rebuilding materials so the organization can assist members
and help them be resilient during this devastating time. Foudnation grant recipients
are required to provide the Worldwide Foundation with an itemized report and we
will share progress with our donors as information is received.
WORLD COUNCIL PHILIPPINE EXPERTISE
World Council has worked with Philippine credit unions since 1996 and
the most recent project focused on model credit union building and
institutional branding.Following the 2006 Philippines landslide in Leyte, World Council
supported the local league's administration of "livelihood loans," small
microloans that helped credit union members and employees rebuild their
homes and businesses.
In 2010, World Council received presidential commendation in recognition of its credit union development work in the Philippines. In 2002, World Council received
the prestigious Herb Wagner Award from the National Credit Union
Foundation for its Philippines Credit Union Empowerment and
Strengthening program that transformed eleven credit unions from small
and insolvent institutions to self-sustainable credit unions.
DONATE: To get involved with World Council's disaster response please donate here.
Philippines Typhoon; Credit Unions, Members Affected
MADISON, Wis. — In the wake of super typhoon Haiyan, one of the most powerful storms ever recorded, World Council of Credit Unions is in contact with local authorities in the Philippines and our Australian member, Customer Owned Banking Association, to assess how to best help the 4.5 million people affected.
According to reports, typhoon Haiyan has killed an estimated 10,000 people. The situation has the potential to worsen should displaced credit union members and others not receive necessary assistance. World Council has worked with Philippines credit unions since 1996 and the most recent project focused on model credit union building and institutional branding. According to World Council's 2012 Statistical Report, there are 1,320 credit unions in the Philippines serving 4.3 million members last year.
World Council has led relief and rebuilding efforts during past international disasters, including the January 2010 Haitian earthquake, February 2006 Philippine Islands landslide and December 2004 Asian tsunami. Following the Haitian earthquake, World Council led a $1.2 million dollar project to provide immediate relief, provide shelter and revitalize the country's credit union system. Following the 2006 Philippines landslide in Leyte, World Council supported the local league's administration of "livelihood loans," small microloans that helped credit union members and employees rebuild their homes and businesses.
World Council is now prepared to provide disaster relief to credit union staff and support credit union rebuilding efforts following this latest disaster. Much-needed cash contributions from credit unions and individuals will provide assistance to those whose lives have been devastated by this terrible disaster.
To support the international credit union disaster relief fund and rebuilding of Philippine credit unions, payments via check, credit card or wire may be sent to:
Worldwide Foundation for Credit Unions, Inc., 5710 Mineral Point Road, Madison, WI 53705, USA.
Individuals may make donations with a credit card online at www.woccu.org/give; credit unions may wire funds. For additional information, contact: Calyn Ostrowski, Director, Worldwide Foundation for Credit Unions, +1-608-395-2056 or via email at email@example.com. Please indicate that your donation is designated for Philippine Disaster Relief Fund.
World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.
World Council has implemented more than 290 technical assistance programs in 71 countries. Worldwide, 56,000 credit unions in 101 countries serve 200 million people. Learn more about World Council's impact around the world at www.woccu.org.
Contact: Rebecca Carpenter
Organization: World Council of Credit Unions
Rooftop of one of the major credit unions in Leyte
Photo courtesy of NATCCO
Inside a credit union in Eastern Samar that has been damaged by Typhoon Haiyan
Photo courtesy of NATCCO
Credit union members line up outside the office in Leyte
Photo courtesy of NATCCO
Credit union member wait for relief
Credit union members gather after the storm to gain access to financial services
Photo courtesy of NATCCO
Photo courtesy of NATCCO