Share

Direct Membership

National and regional credit union organizations can join World Council as direct members. Eligible organizations are credit union-owned and must be solvent. Members pay mandatory annual dues on the basis of affiliated credit unions’ total assets. The board of directors review and vote upon new membership applications three times per year.

To apply for direct membership, please submit the following items:

  1. Completed direct membership application (also available in Spanish, French and Russian).
  2. Letter of intent from your board of directors requesting membership with World Council and certifying that:
  3. Bylaws of your organization.
  4. The financial statements of your organization for the last three years including balance sheets and income statements. These must be audited by an accredited accounting firm.
  5. Mandatory dues payment in U.S. dollars for the first calendar year or the prorated portion of the year.

Associate Membership

Business service organizations that are owned by credit unions, and international organizations that represent non-credit union financial cooperatives are eligible to become associate members. Affiliate members have access to membership benefits, have a seat and voice at the annual general meeting but may not vote and cannot be elected to the board of directors. The board of directors review and vote upon new membership applications three times per year.

To apply for associate membership, please submit the following items:

  1. Completed associate membership application (also available in Spanish).
  2. Letter of intent from your board of directors requesting membership with World Council and certifying that:
    • The application was approved by a majority of your directors
    • Your organization will abide by World Council bylaws
  3. Bylaws of your organization.
  4. The financial statements of your organization for the last three years including balance sheets and income statements. These must be audited by an accredited accounting firm.
  5. Mandatory dues payment in U.S. dollars for the first calendar year or the prorated portion of the year.

Affiliate Membership

National credit union organizations that are eligible to join World Council as direct members but does not have sufficient cash flow potential to pay full dues, it may apply to become an affiliate member of the World Council and benefit from reduced dues. To qualify for affiliate membership organizations must represent an emerging credit union movement with less than US$500 million in assets and have never been a direct or associate members of World Council in the past.

Affiliate members have access to membership benefits, have a seat and voice at the annual general meeting but may not vote and cannot be elected to the board of directors until they reaches full dues. Affiliate members have five years to reach full dues and direct membership status. Affiliate members' dues in the first year are 20% of the dues they would pay as a direct member. Each year for the next four years, the affiliate member will increase their dues payment by 50% until it reaches the full dues level for their category.

To apply for affiliate membership, please submit the following items:

  1. Completed direct membership application (also available in Spanish, French and Russian).
  2. Letter of intent from your board of directors requesting membership with World Council and certifying that:
  3. Bylaws of your organization.
  4. The financial statements of your organization for the last three years including balance sheets and income statements. These must be audited by an accredited accounting firm.
  5. Mandatory dues payment in U.S. dollars for the first calendar year or the prorated portion of the year.

Please submit application and supporting materials to:
Victor Corro, VP of Member Services, vcorro@woccu.org

Bylaws