<![CDATA[WOCCU | News Releases]]> http://www.woccu.org/ en <![CDATA[Adjust FATCA Definitions to Accommodate Credit Unions, World Council Urges]]> Adjust FATCA Definitions to Accommodate Credit Unions, World Council Urges

Global trade group advocates regulatory relief during IRS hearing

WASHINGTON, D.C. — World Council of Credit Unions testified today in a hearing convened by the U.S. Internal Revenue Service (IRS) to urge the agency to consider changes to its proposed Foreign Account Tax Compliance Act (FATCA) regulations that would reduce undue regulatory burdens on credit unions in other countries. Expanding the definition of "non-registering local banks" to include credit unions would help relieve the strain of unnecessary IRS reporting for non-U.S.-based credit unions already unable to serve members like those the IRS is seeking to tax due to membership restrictions.

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[World Council Program Provides Guatemalan Participants Practical Knowledge]]> World Council Program Provides Guatemalan Participants Practical Knowledge

World Council Program Provides Guatemalan Participants Practical Knowledge

2012_5_9_Steven Stapp and Carlos Paradez
Steven Stapp (left), president and CEO of San Francisco Federal Credit Union (SFFCU), welcomes Carlos Enrique Paredez to California, where Paradez participated in World Council's International Credit Union Leadership Program. SFFCU, which hosted Paradez, was one of eight California and Iowa credit unions hosting the 10 Guatemalan visitors in April.

Read More

Contact: Joshua Fetting
Organization: World Council of Credit Unions
E-mail: jfetting@woccu.org

]]> <![CDATA[WYCUP Scholarship Program Agenda Announced]]> WYCUP Scholarship Program Agenda Announced

Scholarship Applications Accepted Through June 1

 2012_5_8_WYCUP Class of 2011The WYCUP Class of 2011 meets in Glasgow, Scotland. Five nominees won all-expense-paid scholarships to attend this year's WYCUP session in Gdańsk, Poland.

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[Bank Transfer Day Offers Lesson to Russian Credit Union Leaders]]> Bank Transfer Day Offers Lesson to Russian Credit Union Leaders

World Council Delegation Participates in Russian Forum

2012_5_1_World Council delegation to Russia
Social media made a difference in helping the success of Bank Transfer Day, CUNA Executive Vice President and General Counsel Eric Richard (center) told participants at the recent Russian Credit Union League Forum. Joining Richard in St. Petersburg were (from left) World Council President and CEO Brian Branch, World Council Second Vice Chair and Louisiana Credit Union League President and CEO Anne Cochran, Richard, Russian Credit Union League Acting CEO Tatiana Ivashkina and administrative staffer Natalia Vydrina.

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[World Council Urges Key Changes to Proposed FATCA Rules]]> World Council Urges Key Changes to Proposed FATCA Rules

Proposed IRS Regulations Burdensome to Credit Unions

WASHINGTON, D.C. — World Council of Credit Unions this week came out in opposition to some aspects of the United States Internal Revenues Service's proposed implementation of the Foreign Account Tax Compliance Act (FATCA). The proposed regulations, which would require many foreign financial institutions (FFIs), including credit unions, to register with the IRS for the purpose of detecting taxable account activity by U.S. citizens in foreign countries, would place unnecessary and inappropriate burdens on small non-U.S. credit unions, World Council said in an April 30 letter to the IRS.

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[Keynote Speakers Announced for 2012 Global Women’s Leadership Forum]]> Keynote Speakers Announced for 2012 Global Women’s Leadership Forum

Global Women’s Leadership Network tackles CU brand differentiation in Gdańsk, Poland

 

Read More

Contact: Jennifer Ballweg
Organization: World Council of Credit Unions
E-mail: jballweg@woccu.org

]]> <![CDATA[Early Bird Deadline Approaching for World Credit Union Conference]]> Early Bird Deadline Approaching for World Credit Union Conference

Attendees from more than 20 countries already registered

ble border="0" width="200" height="195" align="right">

The World Credit Union Conference "early bird" deadline is May 10. This year's conference will be held July 15-18 in Gdańsk, Poland.

Read More

Contact: Jennifer Ballweg
Organization: World Council of Credit Unions
E-mail: jballweg@woccu.org

]]> <![CDATA[WYCUP Session to Offer Credit Union Success 101]]> WYCUP Session to Offer Credit Union Success 101

Prestigious program grad recommends inventiveness, honesty in career choice

 

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[Wanted: Credit Union Global Brand Identity]]> Wanted: Credit Union Global Brand Identity

World Council Workshop Articulates Cooperatives’ Competitive Difference

2012_4_19_Build a Brand Workshop participants
Participants in World Council's Build a Brand Workshop include (standing, from left) Mary De Sousa, Canada; Lynda Savoit, USA; Trish Shermot, USA; Rich Harries, Canada; Mark Wolff, USA; Daniel McDougall, Australia; Denise Gabel, USA; Peter Challis, Australia; Sue Mitchell, USA; Nathalie LaChance, Canada; Paula Martin, Canada; and Suzanne Gendron, Canada. World Council staffers Liliana Tangwall (left) and Tiffany Litscher kneel in front of the group. 

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[Building on the African Women’s Strong Leadership]]> Building on the African Women’s Strong Leadership

Global Women’s Leadership Network Event Offers Inspiration, Participant Says

2012_4_14_Ma Hooud and Monique Dunbar
Ma Hooud (left) commands great respect in her village of Morwa, Botswana, according to Communicating Arts CU's Monique Dunbar. 

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[World Council Welcomes New Members from Colombia, Moldova]]> World Council Welcomes New Members from Colombia, Moldova

2012_4_11_Manuel Rabines and Jose Saenz
World Council Chair Manuel Rabines, CEO of the National Federation of Credit Unions of Peru (left), welcomes COOMEVA and Jose Luis Blanco Saenz, its corporate manager for strategic planning and marketing, as a World Council associate member. 

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[Guatemalan Credit Union Professionals Intern in California, Iowa]]> Guatemalan Credit Union Professionals Intern in California, Iowa

World Council program promotes international leadership development

2012_4_10_Guatemalans visit IowaVictor Manuel Garcia Salazar (right), a Guatemalan intern with Des Moines Metro Credit Union, shakes hands with Iowa Democratic state Rep. Bob Kressig during a visit to Iowa's capitol while Linda Gibbs, business development specialist for Greater Iowa Credit Union, looks on. 

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[World Council Supports Revisions to Global Anti-money Laundering Regulations]]> World Council Supports Revisions to Global Anti-money Laundering Regulations

Financial Action Task Force rules prove scalable to credit unions

2012_4_4_Michael Edwards and David Phillips

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[Credit Unions Help Mexican Banana Growers Prosper]]> Credit Unions Help Mexican Banana Growers Prosper

World Council program supports value chain financing

2012_4_3_Packing bananas in MexicoTeams of workers, known as cuadrillas, spend entire days loading up to 23 tons of bananas into semi-trailer trucks for shipment to market.

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[Middle-Income Americans Best Served by Credit Unions, Lawmaker Said]]> Middle-Income Americans Best Served by Credit Unions, Lawmaker Said

Leaders in and outside the industry address the Global Women’s Leadership Network

Rep. Shelley Berkley addresses members and supporters during the 2012 Global Women's Leadership Network breakfast.

Read More

Contact: Jennifer Ballweg
Organization: World Council of Credit Unions
E-mail: jballweg@woccu.org

]]> <![CDATA[World Council Supports Basel Revisions on Regulatory “Proportionality”]]> World Council Supports Basel Revisions on Regulatory “Proportionality”

WASHINGTON, D.C. — World Council of Credit Unions submitted formal support for proposed revisions to the Basel Committee on Banking Supervision's Core Principles for Effective Banking Supervision yesterday. The revisions would make regulatory standards "proportional" to financial institutions' risk profiles and based on their impact on global financial systems. Supervisory proportionality would help reduce unnecessary regulatory burdens on smaller institutions, World Council said in a March 20, 2012, letter to the committee's headquarters in Basel, Switzerland.

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[Last Call for Distinguished Service Award Nominations]]> Last Call for Distinguished Service Award Nominations

World Council to present top global credit union honors in Gdańsk, Poland

2012_1_21_DSA awards
World Council will reognize up to three indidivdiuals and one organization with its 2012 Distinguished Servce Awards during its July conference in Gdańsk, Poland.

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[World Council Leadership Program Seeks Candidates]]> World Council Leadership Program Seeks Candidates

New initiative will serve credit union people under 40

MADISON, Wis. — World Council of Credit Unions is calling for applications from U.S. credit unions for the latest phase of the organization's new International Credit Union Leadership Program. The program, funded by a grant from the U.S. Department of State, Bureau of Educational and Cultural Affairs, Office of Citizen Exchanges, is part of the larger U.S. Department of State Professional Fellows Program.

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[Global Women's Leadership Network Offers Scholarships]]> Global Women's Leadership Network Offers Scholarships

World Council initiative supports education, networking opportunities

2012_2_23_Success Swanzi Mbiliyawaka and Harriet May
Global Women's Leadership Network scholarship recipient Success Swanzi Mbiliyawaka (right) shares a conversation with CUNA Chair Harriet May at the 2011 Global Women's Leadership Forum in Glasgow, Scotland, this past July. 

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]> <![CDATA[Still Time to Submit Distinguished Service Award Nominations]]> Still Time to Submit Distinguished Service Award Nominations

World Council to present top credit union award in Gdańsk, Poland

2012_2_21_2011 DSA winner MacMahon
World Council Director Ron Hance (left) presents the 2011 Distinguished Service Award to Jim McMahon, Irish League of Credit Unions, last year in Glasgow.  

Read More

Contact: Mike Muckian
Organization: World Council of Credit Unions
E-mail: mmuckian@woccu.org

]]>