Caja Popular Mexicana Annual Meeting
League Representatives Attend Annual Meeting Of Mexico's Largest CU
L-R: WOCCU-Project Director Mario Galarraga; Confederation of Financial Cooperatives of the Mexican Republic Chairman of the Board and CEO of Alianza CU Federation Tomás Carrizales; and League President and CEO Bill Cheney at the 2006 CPM Annual Meeting.
California and Nevada Credit Union Leagues
President and CEO Bill Cheney; Vice President of
Business Services Sylvia Fath; and League
Diversity Committee members, Arrowhead CU Board
Chairman Marie Alonzo and Printing Industries CU
President and CEO Rick Dockery attended the 2006
Caja Popular Mexicana (CPM) Annual Meeting, held
April 21-22 in Leon, Guanajuato, Mexico.
More than 400 participants attended the two-
annual meeting that also featured local and
international speakers. Cheney was an honorary
guest and speaker. In an address to attendees, he
reiterated the League's continued support and
commitment to assisting CPM through the
International Partnership currently in existence.
He also stated, "The International Partnership
between the California and Texas Credit Union
Leagues, CPM, and World Council of Credits Unions
was recently honored with the Herb Wegner Award,
which is the most prestigious award granted by
the U.S. credit union movement - a testimony to
the success of the International Partnership and
what can be accomplished when credit unions work
The Mexican cooperative was established in
and today is the largest credit union in Latin
America with more than $1 billion in assets. In
the last five years, CPM has experienced
phenomenal growth: membership has soared from
400,000 to 970,000 members, and CPM currently has
more than 200,000 youth accounts - serving more
than 1 million people total. CPM has also
expanded to 333 branches in 22 states. In
addition, CPM recently converted all of its
branches to the new FISERV IT system, which will
allow the credit union to offer more products and
better services to its members.
The panel of honorary guest speakers at the 2006 CPM Annual Meeting.
CPM is committed to ensuring the financial
strength and stability of its members, elected
officials, management team, and staff. CPM
encourages members to actively participate in the
cooperatives' governance by offering a thorough
financial literacy program. In addition, members
who wish to participate as board representatives
must complete an extensive five-year training
program before serving on the board. The credit
union's philosophy is that members who are well-
educated in finances have the ability to
personally build strong and viable financial
futures for themselves and their communities.
Printing Industries CU President and CEO Rick
Dockery commented on his visit with CPM, "I was
seriously moved by how deeply they care for their
members and how much of an impact they make in
the individual lives of so many people."
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, 51,000 credit unions in 100 countries serve 196 million people. Learn more about World Council's impact around the world at www.woccu.org.
Contact: Letty Cordon-Hernandez
Organization: California & Nevada Credit Union Leagues