REGULATORY & POLICY
An enabling environment supportive of financial service innovations provides the basis for achieving financial inclusion.
As the leading global credit union trade association with over 40 years of experience working with governments, regulators, and financial institutions throughout the world, WOCCU prides itself on its ability to provide regulatory and supervision support to government regulators and financial institutions, draft enabling laws and policies.
WHAT WE DO
We work closely with credit union leaders, national government officials, and policymakers to create appropriate and effective regulatory environments for credit unions. We work directly with credit unions and national governments to draft enabling laws and regulations that support safe and sound credit union systems. Examples include our work in Tanzania and Ukraine. To that end, we have developed a model credit union law, an international comparative analysis of credit union legislation, and model regulations that are available on this site. We recommend checking out our Advocacy page to learn more.
Regulatory system development
We work with credit unions to build their capacity in credit union supervision and to advocate for appropriate legislation on the national level and comply with standards once established. At times, we have been asked to develop a unifying body - or national association for credit unions, like in Afghanistan, and in others, we have developed the capacity of existing ones to better serve their member credit unions, like in Ukraine.