GLASGOW, Scotland — The National Association of Cooperative Credit Unions of The Gambia (NACCUG) is the newest member of World Council of Credit Unions (WOCCU). The WOCCU board of directors unanimously approved NACCUG's application at its meeting immediately preceding the 2011 World Credit Union Conference here last week, bringing the number of WOCCU membership organizations to 44 members representing 55 countries.
"I am especially pleased that NACCUG has chosen to join WOCCU," said outgoing President and CEO Pete Crear, who attended his final board meeting last week. "The inroads we have made into Africa, as well as on other continents, shows that the global credit union movement is growing in strength and reach, and I am happy to have seen one final example of that growth before my retirement."
Founded in 1991, NACCUG is The Gambia's only credit union trade association and represents all 61 credit unions in the country. The Gambia's credit unions serve 40,000 members and have US$10.8 million in total assets. NACCUG provides advocacy, training and marketing services and acts as a central finance facility to its affiliates. WOCCU held its 2008 African Technical Congress in The Gambia in collaboration with NACCUG, and NACCUG officials participated in WOCCU's African Regulators' Roundtable meeting in Malawi last year.
"Today, the credit union movement in The Gambia steps forward proudly to join their peers within the wonderful international credit union fraternity," said Baboucarr Jeng, NACCUG general manager. "We look forward to becoming a full and active member of the WOCCU family."
NACCUG's membership was effective as of its approval last week by the WOCCU board. Crear will retire from his post Aug.3 and will be succeeded as president and CEO by WOCCU Executive Vice President and COO Brian Branch.
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.