Polish Credit Union System Thrives, WOCCU Delegation Learns
|Grzegorz Bierecki, NACSCU president, gives an overview of the Polish credit union system to the WOCCU delegation.
SOPOT, Poland—Credit unions in Poland evolved like financial
cooperatives elsewhere in the world, serving members of
the country's maritime, mining and other major industries. As those
industries changed, the Polish movement has been forced to broaden its
focus and now enjoys even more success.
"Our market has changed as
the big dinosaurs of Soviet industry have been downsized," Grzegorz
Bierecki, president of the National Association of Co-operative Savings
& Credit Unions (NACSCU), told members of a World Council of Credit
Unions (WOCCU) engagement program visiting the country to advocate on
the credit unions' behalf before Polish Parliament. "Credit unions are
now pursuing a wider common bond, which is driving rapid growth."
Mercer, GCUA president, takes notes during Bierecki's presentation.
GCUA is partnered with the Polish credit union system through WOCCU's
International Partnerships program.
The growth outlined by Bierecki, who also serves as treasurer for
WOCCU's board of directors, has helped the Polish credit union system
(best known by its acronym SKOK) grow faster and provide more services
than any other movement in recent history. Currently, NACSCU has 62
affiliated credit unions serving 1.8 million members through 1,708
points of service. Consolidated assets in the NACSCU system total
US$4.1 billion and continue to grow.
Bierecki introduced himself
to credit unions in the wake of the Solidarity movement, which helped
liberate Poland from the Soviet Union's rule. In helping research
financial systems for the newly democratic country, Bierecki found a
perfect match in credit unions' one-member, one-vote ideal. In the
early 1990s, he visited the United States and participated in Capitol
Hill visits with members of Georgia Credit Union Affiliates (GCUA), the
league that eventually partnered with NACSCU through WOCCU's
International Partnerships program.
"They were real students
of democracy, and we were intrigued with their interest," said Mike
Mercer, president of GCUA and a participant in this week's advocacy
efforts. The Georgia delegation took Bierecki to visit Sen. Sam Nunn
(D-Ga.) and Rep. Newt Gingrich (R.-Ga.) during CUNA's Governmental
Affairs Conference. The lawmakers were impressed with Bierecki's
dedication and encouraged Poland's credit union growth, which to-date
has been impressive, Mercer said.
"Polish credit union growth
rates have been spectacular, so much so that they have been able to
assist credit union movements in other countries to the east," Mercer
explained. "Polish credit unions are at the front of the cooperative
financial movement today. They did it through dedication, conviction
and exceptional leadership, because at the time they didn't have much
The WOCCU delegation will accompany Polish credit unions
leaders to Warsaw on Thursday to advocate against amendments to Polish credit union law that were newly
introduced by the banking
industry. If enacted, the amendments could severely curtail the credit unions'
current level of service to members. Mercer is
optimistic, however cautious, of the direction in which new legislation
"I don't think there is much chance that harmful
legislation will pass because the Polish credit union movement is too
well connected to the government and the hearts of the Polish people,"
Mercer said. "However, if the new law does succeed, it would seriously
throttle credit unions' abilities to serve the Polish people. It's a
serious threat, and one that crops up whenever credit unions succeed."
Joining Mercer in advocacy efforts are Joe Bergeron, president of the
Association of Vermont Credit Unions; Bill Cheney, president and CEO of
the California & Nevada Credit Unions Leagues; Barry Jolette, CEO
of San Mateo Credit Union in Redwood City, Calif., and WOCCU first vice
chairman; Jim McCormack, president of the Pennsylvania Credit Union
Association; Mike Schenk, vice president of economics and statistics
for CUNA & Affiliates; and various WOCCU staff members.
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.
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Organization: World Council of Credit Unions
Phone: (608) 395-2000