Vermont and Peru Credit Unions Begin International Exchange
Visit to VT State Employees CU. Back (l-r): Rocio Miyashiro, ABACO CEO; Verónica Miyahira, ABACO marketing manager, Victor Corro World Council international partnerships manager; Miguel Zeballos, AELUCOOP CEO; Liliana Valdizán, FinanTel CEO; Jorge Zevallos, FENACREP chairman; Joe Bergeron, AVCU president. Front (l-r): Manuel Rabines, FENACREP president & World Council treasurer; Steven Post, VT State Employees CU CEO); VT State Employees CU board member.
South Burlington, VT—The Association of
Vermont Credit Unions (AVCU) hosted six leaders
of the Peru credit union movement last week.
The dignitaries came for an in-depth exploration
of American credit union operations and to
experience Vermont culture. The goal was to
share with South America's leaders the knowledge
and success that Vermont credit unions have
acquired through more than 60 years of service
to consumers. World Council of Credit Unions,
Inc. coordinates the international partnerships
Peru has five times more credit unions than
Vermont but only two times Vermont's 270,000
members. The combined assets of Peru's credit
unions reflect their country's economic
situation; their 150 credit unions hold assets
equal to just one-third of those held by Vermont
During their three-day visit, the five
credit union CEOs and the president of their
national association visited credit unions in
Rutland, Montpelier, Berlin and South
Burlington. They also visited the Department of
Banking, Insurance, Securities and Health Care
Administration and the AVCU office. They
expressed a keen interest in learning about
Vermont's legal and regulatory structure for
credit unions, as well as modern services like
home banking, ATM networks, shared branching and
The visit is the first step of a multi-year
relationship between Vermont and Peru credit
unions where representatives will travel to the
each other's country multiple times per year.
The cooperative exchange program is designed to
bring advancements and technologies enjoyed by
American credit union members to their fellow
credit union members in Peru. World Council's
Brian Branch, COO, Victor Corro, international
partnerships manager, and Michelle Kramer,
international partnerships assistant also
participated in the visit.
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.