"How Credit Unions Strengthen Democracy" Focus of New WOCCU Publication Showcasing the Credit Union Difference
Madison, WI – The World Council of Credit
Unions, Inc. (WOCCU) has released the sixth in
its Technical Guide series, entitled "A
Guide to Increasing Citizen Participation: How
Credit Unions Strengthen Democracy." The guide
explores how credit unions foster democratic
participation, inspire economic growth and
democratic development, promote effective
governance and accountability, advocate, build
stable local institutions in fragile
environments, engage marginalized groups, and
promote sustainable democracy.
The 16-page publication is now available in
PDF format on the WOCCU website at http://www.woccu.org/documents/democracy_techguide.
"Credit unions," reads
the guide, "embody
with a sense that their
lives can be improved as a result of combining
self-reliance together with collective action at
the community level.
"Providing many members
with their first
direct experience with democratic decisionmaking
and election processes.
"Presenting a local
example of institutional
responsiveness, accountability and transparency
which can be used as a model for good governance
on a broader scale.
"Investing in human
capital by training
directors, managers, staff and members to help
them develop the skills required to be effective
participants in institutional
"Building trust among
members of diverse
income levels, political perspectives, religions
and ethnic backgrounds to achieve social
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, 57,000 credit unions in 105 countries serve 217 million people. Learn more about World Council's impact around the world at www.woccu.org.