January 16, 2019

Basel Committee Adopts World Council-Advocated Simplified Approach for Market Risk

BASEL—The Basel Committee on Banking Supervision (Basel Committee) on January 14th finalized amendments to the Basel III market risk framework which introduce a simplified approach supported by World Council of Credit Unions (World Council) that will help limit regulatory burdens on credit unions and other community-based depository institutions.

January 14, 2019

Nominations Open for World Council’s 2019 Distinguished Service Award

MADISON, Wis. — Nominations are open for the World Council of Credit Unions 2019 Distinguished Service Award (DSA). The prestigious award honors individuals and organizations that have provided outstanding service to credit union development outside their home country. DSA winners will be presented at the 2019 World Credit Union Conference, July 28-31, 2019, in the Bahamas. 

January 10, 2019

World Council’s Global Women’s Leadership Network Celebrates 10 Years

MADISON, Wis. — The Global Women’s Leadership Network (GWLN) begins 2019 with its 10-year anniversary announcing record growth and recognizing GWLN champions. The World Council of Credit Unions (WOCCU) premier program was established in 2009 to provide credit union women with the opportunity to network and make a measurable difference in the lives of each other, in the lives of members and within their communities.

January 08, 2019

Nominations Open for World Council Young Credit Union Professionals Scholarship

MADISON, Wis. — World Council of Credit Unions seeks nominations from its member organizations for the World Council Young Credit Union Professionals (WYCUP) scholarship program, an international networking and educational opportunity for emerging credit union leaders. Nominations are due May 31, 2019. Scholarship awards and the WYCUP program will take place at the 2019 World Credit Union Conference (WCUC), July 28-31, 2019, in the Bahamas. The WYCUP program, as part of the Diversity & Inclusion conference track, is dedicated to advancing young leaders worldwide and leverages opportunities presented by the WCUC to promote professional development throughout the conference week. Up to five recipients will be awarded WYCUP scholarships for an all-expense-paid trip to the 2020 World Credit Union Conference.

December 12, 2018

Basel Committee Reduces Disclosure Burdens as Urged by World Council

WASHINGTON – The Basel Committee on Banking Supervision (Basel Committee) has exempted credit unions and other community-based depository institutions from many aspects of its disclosure rules and has made other disclosure requirements optional at the national-level, as World Council of Credit Unions (World Council) urged in comments filed earlier this year. The Committee issued the new disclosure rules, which are part of the Basel III international risk-based capital and liquidity standard, on December 12th.

November 27, 2018

European Parliamentarians Discuss Regulatory Relief for Credit Unions

BRUSSELS — The European Parliament Credit Union Interest Group met on 27 November with the European Network of Credit Unions on limiting regulatory burdens on credit unions to help promoting access to financial services for ordinary Europeans.  The Interest Group, a caucus for Members of the European Parliament (MEP) who support credit unions, held the meeting at the European Parliament's Espace Léopold in Brussels.

November 07, 2018

Inscripción abierta para la Conferencia Mundial de Cooperativas de Ahorro y Crédito

El Atlantis Resort en Paradise Island de las Bahamas será la sede de la Conferencia Mundial de Cooperativas de Ahorro y Crédito 2019, del 28 al 31 de julio.

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October 29, 2018

Registration Open for the World Credit Union Conference

MADISON, Wis. — Attend the premier global credit union education and networking event offered by the financial services industry. World Council of Credit Unions and The Caribbean Confederation of Credit Unions have opened registration for the annual World Credit Union Conference to be held 28 – 31 July 2019 in The Bahamas, at the Atlantis Resort. For more information and to register visit www.wcuc.org. World Council members who register by 10 May 2019 save US$300 on their conference registration.

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October 25, 2018

VyStar Credit Union Joins the Worldwide Foundation for Credit Unions as a Gold-Level Supporter

MADISON, Wis. — VyStar Credit Union, headquartered in Jacksonville, Fla., is the latest Florida credit union to join the World Council of Credit Unions (WOCCU), through its Worldwide Foundation for Credit Unions, as a new gold-level supporter in response to the 2018 International Credit Union (ICU) Day Challenge. Gold-level supporter status reflects a significant partnership between WOCCU and VyStar, in which both entities receive value and engagement experiences that aim to advance the strategic goals of each participant.   

October 21, 2018

Stress Testing Reg Burdens Made “Proportional” at World Council’s Urging

WASHINGTON - The Basel Committee on Banking Supervision (Basel Committee) on October 17th issued a revised Stress Testing Principles standard that will significantly reduce the regulatory burdens of stress tests on credit unions and other community-based financial cooperatives.   World Council of Credit Unions (World Council) earlier this year urged the “proportional” approach to stress testing adopted by the Basel Committee.  Stress tests of credit unions and other community-based cooperative depository institutions are based on this Basel Committee standard and will now be implemented by regulators on a more proportionate basis, based on the size, complexity, resources and risk profile of the institution. 

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