Indonesia Credit Union Disaster Relief Fund Announced
Madison, WI—World Council of Credit
Inc. (WOCCU) has activated its international
disaster relief fund for benefit of credit unions
devastated by last Saturday's Indonesian
The 6.3-magnitude earthquake struck in the
morning close to the former Javanese royal
capital of Yogyakarta. It has so far killed a
reported 5,136 people, wounded nearly 6,504 and
left 100,000 homeless. It is estimated that it
may take up to two years for those affected to
WOCCU will cooperate with the Canadian
Cooperative Association (CCA) to assist affected
credit unions. CCA has been working in Indonesia
for the past 14 years strengthening cooperative
organizations and primary credit unions.
According to the Credit Union Central of
Indonesia website, Indonesian credit unions were
organized under a 1967 cooperative law following
visits by Mr. A.A. Bailey of WOCCU and Mr. Robby
Tulus, who lobbied the government to get support
for credit unions. There are currently 979
credit unions and more than 579,000 credit union
members in the country.
To support the international credit union
disaster relief fund and rebuilding of Indonesian
credit unions, payments may be sent to: Worldwide
Foundation for Credit Unions, Inc. 5710 Mineral
Point Road P.O. Box 2982 Madison, WI 53701-2982.
For credit unions or organizations that prefer to
wire funds, contact Valerie Breunig, Worldwide
Foundation Funds Manager, 608.231.7353.
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.