WOCCU's AGM Has Record Numbers
Nassau, Bahamas-At this year's Annual
Meeting (AGM) in Nassau, Bahamas, World Council
of Credit Unions, Inc. (WOCCU) welcomed more than
200 attendees of the conference to see the World
Council's Board of Directors and Delegates
prepare for the coming year.
Arthur Arnold, WOCCU president and CEO
on the achievements for World Council in 2003,
giving an overview of the three different
missions: advocacy, platform and development. He
commented on highlights in each area, referring
the 2003 Annual Report and Statistical Report
Arnold explained the change in the bylaws made
the WOCCU General Assembly to become even more
inclusive, allowing smaller national associations
and regional confederations to become members of
WOCCU. "We continue to grow in our activities.
I thank the Board of Directors and General
Assembly delegates for their guidance and support
and the WOCCU staff, in Madison, Washington, DC
and our field projects for their commitment and
dedication to make our work a success," shared
L.R. (Bobby) McVeigh explained and gave the
Chairman's report noting that WOCCU continues to
move forward with good governance
principles. Based on a 2003 Strategic
Planning Forum, the board concluded that
governance is a priority item and to this end
have added a 4th mission to WOCCU. World
Council anticipates issuing guidelines for good
governance for the end of fourth
quarter of 2004.
Since the 2003 AGM in Brisbane, Australia,
three new member countries have been announced,
Rwanda, Brazil, and, most recently,
Costa Rica. The WOCCU Board approved, as
of last week, the membership of Costa Rica's
FEDEAC. Síncrito Cifuentes accepted the WOCCU
membership flag on behalf of FEDEAC.
During the meeting, McVeigh acknowledged the
work of Marcel Chorel, both as a delegate and
board member of WOCCU. Chorel has made an
effective contribution to the committees,
WYCUP, and through his work to initiate a similar
program in the Canadian system. McVeigh honored
Chorel with a plaque of recognition. Chorel will
now be leaving the board.
Chorel said, "Serving on the WOCCU
has been both an honor and privilege. There
have been many tremendous strides in furthering
credit union development in the world. The most
rewarding aspect has been being nominated to
serve on the WYCUP committee and the friendships
that have developed with the world credit union
Jim McMahon from Ireland, who was unable to
attend due to illness, will also be leaving
WOCCU Board this year. A plaque presentation in
his honor will be made at a later date.
The next Annual General Meeting will be held
Rome, Italy July 26, 2005.
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.
Phone: (608) 395-2000