Paraguayan CU Association to Make First Trip to Minnesota
BLOOMINGTON, Minn. – As the first step
establishing a relationship with the Minnesota
Credit Union Network, the Paraguayan credit union
association CENCOPAN will be sending four
individuals on a trip to Minnesota March 22-26.
The Network has been developing this relationship
since fall of 2003 through the World Council of
Credit Unions' (WOCCU's) "Partnership Program."
This visit will be the first meeting of the two
organizations, who will sign an agreement
formalizing their commitment to the partnership
program, and develop a cooperative work plan that
defines specific objectives for this effort.
CENCOPAN, more formally known as the Central
Cooperativas Nacionales del Paraguay, was
established in 1994. Today, CENCOPAN represents
24 credit unions throughout the country of
Paraguay, most recently working with its member
credit unions on implementing a new law that
established a separate regulatory body for credit
unions in Paraguay.
"Our relationship with CENCOPAN through
partnership program is the perfect opportunity to
exercise the credit union philosophy of 'People
Helping People,'" said Dana Hofmann-Geye, Network
Executive Vice President & General Counsel.
Four individuals from CENCOPAN will travel
an interpreter when visiting the Network next
Ramona Ríos Medina;
Francisco Barceló García;
Modesto Segovia Boltes; and
Three members of WOCCU will also be in
Arthur Arnold, President & CEO;
Brian Branch, Vice President & COO;
Victor Miguel Corro, Program Specialist,
Latin America & Caribbean.
The week-long visit will begin with an
of the Network, with individual departments
making presentations, including legal/regulatory
compliance,governmental affairs, communications,
education, technology and the Network Services
Corporation. Also during the week, the
Paraguayans will visit Mid-States Corporate
Federal Credit Union's Minnesota office, tour
three credit unions varying in size, location and
product offerings, including US Federal Credit
Union in Burnsville, St. Marys Federal Credit
Union in Sleepy Eye, and Buckbee Mears Employees
Credit Union in St. Paul. The group will also be
attending a Minnesota Timberwolves basketball
game at the Target Center.
"The Network staff is very much looking
to meeting with the group from CENCOPAN and
discovering ways to work together," said Kevin,
Network President & CEO. "It's an exciting
challenge and opportunity for us to compare
organizations and see how each can benefit the
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.
Contact: Kristina Wright
Organization: Minnesota Credit Union Network
Phone: (651) 288-5170, (800) 477