Alabama and Costa Rican Credit Unions Sign Partnership Agreement
Delegates Meet to Chart Future
(L-R) Tom Belekevich of WOCCU, ACUL Chairman Dale Dalbey, FEDEAC Chairman Francisco Cervantes, and ACUL CEO Gary B. Wolter sign the partnership agreement at the League office.
BIRMINGHAM, Ala.—CEOs and staff from
Alabama credit unions met with their new partners
from Costa Rican credit unions during a two-day
meeting hosted by the Alabama Credit Union
League. As part of the Alabama League's
partnership with the Federation of Cooperatives
of Costa Rica (FEDEAC), the trade association for
Costa Rican credit unions, and World Council of
Credit Unions, Inc. (WOCCU), credit unions in
Alabama and in Costa Rica have joined together to
enable both sides to share best practices,
strategies, and plans for member services and
The partnership between the ACUL and FEDEAC
involves direct credit union to credit union
partnerships. The Alabama Credit Union League,
WOCCU and FEDEAC signed the partnership
agreement, creating an alliance between the three
groups. The agreement allows for the exchange of
information and ideas on operations, marketing,
and promotion of credit unions in both countries,
development of best practices for the trade
associations, promotion of the principles of
credit unions before credit union members, the
general public, media, and governmental
officials, and commitment to annual work-plans to
implement the plans of the partners.
Each credit union from Alabama has partnered
a specific credit union from Costa Rica. The
- Alabama Teachers Credit Union and Cope-Ande
- Mutual Savings Credit Union and Coopemex
- Legacy Community Federal Credit Union and
- Community Credit Union and Coopenae
- Family Security Credit Union and
Officials from the partnering credit unions from Alabama and Costa Rica.
During the two day meeting, each participant
made a presentation that included a history of
the credit union, field of membership, services
offered, and the unique attributes of each. The
partnering credit unions met individually to
explore issues and areas that they could work on
together, including such ideas as an employee
exchange program, sharing marketing materials,
financial literacy, youth programs, and tackling
such large issues as shared branching and IT.
"We are very excited about being able to meet
together to formalize our partnership with the
Costa Rican credit union movement, and World
Council of Credit Unions," ACUL President Gary B.
Wolter said. "During our days together, we got
to know each other very well and discovered that,
although we work in different countries, we have
many of the same challenges and opportunities.
The partnership between Alabama credit unions and
those in Costa Rica will give both sides new
perspective on how credit unions can work every
day to serve our members. It is also a great way
to put the cooperative spirit of credit unions
into action and show that the cooperation does
not end at any border."
WOCCU President and CEO Pete Crear said of the
meeting, "We are very pleased to see the power of
cooperation in action…now Costa Rica and
Alabama credit unions are joining forces to
better serve their number one priority: their
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: William McCarty
Organization: League of Southeastern Credit Unions
Phone: (205) 437-2137