McVeigh Addresses Canadian Credit Unions
--Reappointed As Delegate to World Council of Credit Unions
L. R. (Bobby) McVeigh, WOCCU board chairman
Madison, WI—L.R. (Bobby) McVeigh, World
of Credit Unions, Inc. (WOCCU) board chairman,
encouraged Canadian credit unions to continue
commitment to international credit union
development in a speech at the Canadian Central
of Canada's (CUCC) Annual General Meeting in
Saskatoon, Saskatchewan last week. Click to
view full speech.
In his speech McVeigh stated, "For
individuals in the developed world, like here in
wants can be many, but our actual needs are
There is extreme poverty and despair visible
everyday in the world. We need to look inside
our community to see, 'How can we help?'"
McVeigh encouraged credit unions to participate
in International Partnerships between credit
unions and leagues - sharing individual skills,
by becoming a WOCCU Supporter, individually,
or through your credit union or Central.
McVeigh continued, "We are part of a global
family with 123 million credit union members
belonging to over 40,000 credit unions in 84
different countries. I challenge you to think
cooperatively and ask what it is that you can do
to assist in international credit union
Using a comparison of the price of two cups of
coffee and the difference that money alone can
countries in Africa and Asia, McVeigh
the need for support. "It can feed, clothe,
shelter and educate a child for a week. Canada
has one of the most sophisticated credit union
systems in the world. We must think beyond our
own credit union and community and not forget
roots of where we started. The need is there in
emerging systems and we must help as much as we
can," he said.
McVeigh also highlighted the new
International Partnership between British
Colombia and the Hong Kong Credit Union League.
He noted, "To explain the importance of this
partnership, let me explain some statistics. The
world population in China and India contains most
of the world's poor. In the 1980s 64% of the
Chinese population lived in extreme poverty - on
less than one dollar a day. Partnering and
helping expand credit unions in Asia is key to
eliminating poverty in that region and Canadian
credit unions are part of this solution!"
During the CUCC meeting McVeigh was also
reappointed as a
World Council Canadian delegate for another two
elected 1st vice chairman of CUCC; elected
chairman of Agra-Finance; reappointed CUCC's
member of the International Program Committee of
CCA; and reappointed as director of Concentra
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, 60,500 credit unions in 109 countries serve 223 million people. Learn more about World Council's impact around the world at www.woccu.org.