Leaders Praised at 2005 AGM
(Rome, Italy) - L.R. "Bobby" McVeigh led his last
board chairman of World Council of Credit
Unions, Inc. (WOCCU), using the opportunity to
thank those who helped and supported him the
past two years, with special thanks given to
WOCCU's Madison staff for their hard work over
the past eight months when the organization was
between chief executive officers. He also
acknowledged the smooth
adjustment new CEO Pete Crear has made in his
first 35 days and expressed his certainty that
Crear would lead the organization with
Texas and Jamaica sign partnership agreement.
During the chairman's report, McVeigh
discussed WOCCU's development
projects, describing his visit to Ecuador with
the board as "the experience of a lifetime."
This year McVeigh also visited Belarus and
Ukraine, marking the first time a board chairman
visited either of these countries for official
meetings. "2004 was about the credit union
difference," he said, encouraging more outreach
to Pacific rim countries next year. He praised
the International Partnerships program as "one of
the lifebloods of WOCCU." Early in the day, the
Texas Credit Union League
and the Jamaica Credit Union Cooperative
officially signed an agreement to
become partners. McVeigh announced that Credit
Union Central of British Columbia and Hong Kong
would also sign a partnership before the end of
Despite all of the good news, McVeigh reminded
the audience that the movement still has a long
way to go. Though it managed to respond to last
year's devestating tsunami, McVeigh guaranteed he
could "find you a tsunami every week" in the
forms of disease, poverty and starvation. Before
turning over the floor to World Council CEO Pete
Crear, McVeigh ended on a word of hope,
expressing his pride in the young participants of
the WYCUP Program and calling them "excited,
energetic and very bright."
Crear followed by giving the CEO's Report,
which focused on the
importance of education. "I don't think you
could ever overestimate the power of knowledge,"
he said, praising WOCCU's technical conferences.
He praised the success of the Africa SACCA
Congress, which trained 300 leaders from 19
countries across Africa in the areas of good
governance, strategic planning, HIV/AIDS
prevention and more. He also briefly touched on
the significance of advocacy efforts in the EU
and the growing International Partnerships
program, noting, "It takes partnerships and
alliances to ensure our future growth."
For the remainder of the meeting, finances and
bylaws were discussed, and appointments and
retiring members were announced. This year,
Catherine Roberts and Gary Plank were each
reappointed by CUNA, to serve until 2007, and
McVeigh was reappointed as a director by
Credit Union Central of Canada, to serve until
2007 as well.
Barry Jolette, board treasurer, addressed the
crowd on finances, announcing that proposed dues
for 2006 will remain the same as in
The WOCCU AGM concluded with the presentation of
recognition plaques to two directors who are
retiring this year, Dave
Chatfield of the US and Neville Parsons of
Australia. McVeigh presented each of these
directors with a parting gift and thanked them
for their dedicated service. After the
conclusion of the meeting, the WOCCU board held a
recognition meeting. The results of that will be
announced at Wednesday's session.
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 103 countries serve 208 million people. Learn more about World Council's impact around the world at www.woccu.org.
Phone: (608) 395-2000