MADISON, Wis.—In the face of the global economic crisis, credit unions have stood at the forefront when it comes to helping their members. The continuing contributions of the worldwide credit union movement will be the topic of the annual International Credit Union Day® (ICU Day) broadcast sponsored by the Credit Union Development Educators (CUDE) and World Council of Credit Unions (WOCCU), the international development agency and trade association for the global credit union movement. This year's broadcast will originate from United Nations Federal Credit Union, located in Long Island City, N.Y. across the East River from the United Nations building in lower Manhattan.
Pete Crear, WOCCU president and CEO, will headline an hour-long Oct. 15 discussion moderated by Paul Berry, a former Washington, D.C., television news anchor who hosts Home & Family Finance, a weekly radio program sponsored by CUNA & Affiliates, the U.S. credit union trade association. Crear will discuss credit unions' global impact in the face of the ongoing economic crisis.
While credit unions everywhere are affected by fallout from the economic crisis, the credit union presence continues to expand globally, according to Crear. Rather than contribute to ongoing economic problems, credit unions have diversified risk and provided consumers with safe alternatives when facing their own financial issues. WOCCU is increasing its efforts to reach consumers in both urban and rural environments and in countries with significant economic and social challenges, including Afghanistan, Kenya and Sri Lanka, he added.
"Worldwide, more than 54,000 credit unions in 97 countries serve more than 186 million members," said Crear, citing data from WOCCU's 2008 Statistical Report released in June. "Our mission is to support financial independence and economic democracy through credit unions for people around the globe, and we're making great strides in achieving that goal."
The webcast will allow time at the end of Crear's interview for questions. International webcast listeners will also be able to E-mail questions to be answered on the air.
The webcast begins at 2 p.m. Eastern Daylight Time on Oct. 15 and runs until approximately 3 p.m. It is open to the public and may be accessed by registering at www.wescorp.org or www.woccu.org. The program will be recorded and available for viewing on WOCCU's Website after the broadcast.
About International Credit Union Day
ICU Day has been celebrated annually on the third Thursday of October since 1948. The event provides a time and opportunity to honor those who have made great contributions to the global financial cooperative movement, to recognize the hard work of staff and volunteer board members working on behalf of credit unions and cooperatives today, and to express appreciation to members of credit unions and cooperatives living at home and abroad. This year's theme-"Your Money. Your Choice. Your Credit Union"TM -recognizes credit unions' identity as member-owned financial cooperatives and celebrates the concept of member ownership.
El Consejo Mundial de Cooperativas de Ahorro y Crédito es la asociación gremial y agencia de desarrollo para el sistema internacional de cooperativas de ahorro y crédito. El Consejo Mundial promueve el crecimiento sustentable de las cooperativas de ahorro y crédito y otras cooperativas financieras en todo el mundo a fin de facultar a las personas para que mejoren su calidad de vida a través del acceso a servicios financieros asequibles y de alta calidad. El Consejo Mundial realiza esfuerzos de defensa activa en representación del sistema global de las cooperativas de ahorro y crédito ante organizaciones internacionales y trabaja con gobiernos nacionales para mejorar la legislación y la regulación. Sus programas de asistencia técnica introducen nuevas herramientas y tecnologías para fortalecer el desempeño financiero de las cooperativas de ahorro y crédito y profundizar su alcance comunitario.
El Consejo Mundial ha implementado 290 programas de asistencia técnica en 71 países. A nivel mundial, 57,000 cooperativas de ahorro y crédito en 103 países atienden a 208 millones de personas. Obtenga más información sobre el impacto global del Consejo Mundial en www.woccu.org.