Risk Management Focus of CPM Visit
City Credit Union CEO Mike Kelley, CPM's Mario Galarraga and City CU board chairman Roel Ornelas chat at DATCU Credit Union
Caja Popular Mexicana (CPM), the largest
credit union in Mexico, wrapped up its three-day
tour in Texas Friday, where it visited with
credit union executives at Unity One FCU in
Fort Worth before participating in an
afternoon Juntos Avanzamos ("Together we
Advance") flagship ceremony.
The purpose of CPM's visit was to
examine how U.S. credit unions manage credit
and liquidity risk, as well as operational
risks. Representing the CPM on this visit
was Mario Galarraga, Jorge Gutierrez and
Gonzalo Cervantes. The trio met with Energy
Capital CU in Houston and with Unity One
FCU. Cervantes identified CPM's greatest
challenge as its ability to measure and
monitor credit risk in order to minimize
"Loans represent about 70
percent of this institution's assets. We
approve 40,000 loans a month, so it is of
great importance to develop a methodology to
better manage this risk," Gutierrez said.
Unity One FCU Juntos Avanzamos flag raising.
Cervantes said operational risk is
also very important in the lending area
because there is a need to monitor the
policies and procedures followed by
The CPM group also
participated in three flagship ceremonies
while in Texas. Unity One FCU earned the
Juntos Avanzamos designation for its
extraordinary outreach to the Hispanic
community. The Juntos Avanzamos designation
is given only to those Texas credit unions
that demonstrate a long-term vision and
strategy for serving the market.
Speaking on behalf of CPM,
Galarraga said they were honored to have
been offered the opportunity to participate
in the flag-raisings and recommended the
credit unions for their service to
Hispanics. Vladamir Stark, CEO of Plus4 CU,
said their goal is to be the Hispanic
communities' "bridge to financial
independence." Unity One FCU CEO Gary
Williams assured his credit union is
committed to serving the Hispanic market and
is here to stay.
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, 51,000 credit unions in 100 countries serve 196 million people. Learn more about World Council's impact around the world at www.woccu.org.
Contact: Linda Webb-Mañon
Organization: Texas Credit Union League & Affiliates
Phone: 800-442-5762 ext. 6486