CU Executives from Peru, El Salvador Participate in Pasantia Técnica
WOCCU/MWCUA event in Denver focuses on FinTech strategies
June 11, 2019
MADISON, Wis.—A dozen executives from Latin American financial cooperatives are collaborating with colleagues from Denver-area credit unions this week to explore ways to improve member access to—and experience with—digital financial services.
World Council of Credit Unions’ Pasantia Técnica (Technical Internship) is a three-day immersion program for executives from Peru’s Cooperativa de Ahorro y Credito Santo Cristo de Bagazan and the Federation of Savings and Loan Cooperative Associations (FEDECACES)—the national trade association for credit unions in El Salvador.
They will collaborate with representatives of the Mountain West Credit Union Association (MWCUA), three of its member-institutions (On Tap Credit Union, Columbine Federal Credit Union, Denver Community Credit Union) and CU Ledger to explore examples of cooperatives that have achieved success through an effective blend of technical innovations and personalized service.
The event will include presentations and discussions on:
- Investigating collaborative initiatives to improve sustainability.
- Exploring tools used to increase operational efficiencies and expand digital access to financial services.
- Examining how greater collaboration can reduce the cost of implementing new technology.
- Looking at how financial education and technology combine to improve the financial well-being of members.
- Learning strategies to help position their financial cooperatives as leaders in the digital era.
“American credit unions have a lot to share about their experiences with digital financial services, but they also have a lot they can learn from financial cooperatives in Latin America—which have achieved great success in strengthening outreach with their members and communities,” explains Thomas Belekevich, World Council program manager for member services. “In order to grow membership, credit unions in places like Peru and El Salvador are expanding digital services to reach new members in areas where physical branch locations don’t exist. The challenge now is in expanding collaborative models for helping reduce the cost of this digitization process.”
MWCUA also will give a presentation to their guests on topics ranging from regulatory compliance to government affairs and public relations.
Pasatia Tecnica events begin Tuesday and run through Thursday, June 13.
World Council of Credit Unions is the global trade association and development platform 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 300+ technical assistance programs in 90 countries. Worldwide, 86,055 credit unions in 118 countries serve 291 million people. Learn more about World Council's impact around the world at www.woccu.org.