International Cooperation Deepens to Aid Tsunami Victims
World Council of Credit Unions, Inc.
Madison - The World Council of Credit Unions,
Inc. (WOCCU) has launched an appeal to the
international credit union community for funds
to assist with reconstruction efforts in Sri
WOCCU is currently working with its associate
SANASA in Sri Lanka to help provide immediate
relief assistance, rebuild credit unions and
initiate reconstruction of the communities
WOCCU's appeal to aid Tsunami victims has been
strengthened in recent days through agreements
to coordinate reconstruction efforts with a
additional organizations. These include the
National Credit Union Foundation (NCUF) of the
United States, the German cooperative bank
development organization, Deutschen
Genossenschafts-und Raiffeisenverbands (DGRV),
and the United States Agency for International
"The level of interest, compassion and support
expressed from the international credit union
community for its fellow credit unions affected
by the Asian Tsunami has been nothing short of
remarkable," indicated L.R. (Bobby) McVeigh,
Board Chairman of WOCCU. McVeigh continued, "we
are grateful for monies pledged already and
encourage others to contribute to the Worldwide
Foundation's Disaster Relief Fund for the
Tsunami Relief. WOCCU will continue to provide
updates on events in the affected areas and the
impact which contributions are having on the
WOCCU is working with its associate in Sri
Lanka to assess the damage to credit unions.
WOCCU will have staff on the ground in Sri Lanka
within the week to provide direct assistance.
WOCCU staff will aid the 800 primary society
credit unions that have been damaged and will
begin disbursements of funds collected by the
Worldwide Foundation for Credit Unions.
For more information on how to contribute to
Worldwide Credit Union Foundation-Tsunami Relief
Fund visit the WOCCU website at
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, 60,500 credit unions in 109 countries serve 223 million people. Learn more about World Council's impact around the world at www.woccu.org.
Phone: (608) 395-2000