Brazil and Florida CU Leagues Announce International Partnership
World Council's CEO and board members announced the SICREDI and FCUL partnership during a press conference in Brazil. Pictured (l-r): Alcenor Pagnussatt, SICREDI CEO, Pete Crear, WOCCU CEO, Gary Plank, WOCCU board chairman, and Manuel Rabines, FENACREP (Peru) CEO.
Madison, WI—Brazil's SICREDI announced
its formal alliance with the
Florida Credit Union League (FCUL) through the
World Council of Credit Unions (WOCCU)
International Partnerships program March 14 in
Porto Alegre, Brazil.
World Council CEO Pete Crear, board chairman
Gary Plank, board members Manuel Rabines (Peru)
and Alcenor Pagnussatt (Brazil) and
International Partnerships manager Victor Corro
spoke to members of the Brazilian press about
the worldwide credit union movement while in
Porto Alegre for a board meeting. Crear
especially highlighted SICREDI's success and
recognized it as one of the best among developed
movements such as those in the
United States, Canada and Australia.
SICREDI's 127 credit unions have been on
branching for more than 10 years and operate
under a unified brand throughout the country, a
trusted image that has brought them much
success. SICREDI's assets have grown at an
average annual rate of 31.5% over the last four
years, and membership has grown at an annual
rate of 13.5% over the same period.
Corro explained that SICREDI and FCUL's
partnership is really more of a peer
relationship. "This is a different kind of
partnership. Both systems have everything credit
unions need to operate soundly. So they'll
be looking at enhancing individual credit union
services, strengthening the systems and sharing
experiences in liquidity investment."
SICREDI will also be looking at FCUL's
experience transitioning from brick-and-mortar
operations to online member services.
"We are eager to proceed in this endeavor and
look forward to the wonderful opportunities this
partnership will bring for both groups," said
Guy Hood, FCUL president and CEO. "Such a
partnership between Florida credit unions and
SICREDI credit unions will provide each with
valuable insight and information on how to do
business the credit union way. Our thanks go to
WOCCU for making this possible."
Just before the World Credit Union Conference
July, 20 SICREDI delegates plan to travel to
Tallahassee, Florida, to meet their Florida
partners for the first time and to plan
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, 56,000 credit unions in 101 countries serve 200 million people. Learn more about World Council's impact around the world at www.woccu.org.