International Partnership Focuses on the Importance of Foundations
March 08, 2007
Madison, WI— A delegation from Caja Libertad, the second largest credit union in Mexico, visited credit union foundations in the United States this week as part of the World Council of Credit Unions' International Partnership between World Council, Caja Libertad and the Arizona Credit Union System. The delegation learned about state, national and international foundations and the impact the have to help them in establishing their own foundation.
The Mexican delegation included: Paolo Lezama, vice president of operations; Hugo Bustamante, president of the education directive and board member and César Izurieta, director of marketing. As a WOCCU Supporter, Caja Libertad funds international credit union development. In this trip, the Caja Libertad representatives evaluated the potential for establishing a foundation to expand the philanthropic work the institution supports within Mexico.
Hugo Bustamante noted, "We currently fund financial literacy programs, health and wellness activities, programs that help to keep our cooperative culture alive and numerous community reinvestment initiatives. But, we think we can do more, through a separate foundation."
The group first met with the Arizona Credit Union System to learn about the basics of fundraising. Sandy Watts, marketing and communications director of the Arizona Credit Union System explained, "We discussed key topics like who decides how to spend funds and why, the grant request system, the organizational structure, legal status and their foundation's history." Watts also shared success stories and challenges foundations deal with when starting out. During the exchange the group also toured Arizona Federal Credit Union and Desert Schools Federal Credit Union.
In Madison, Wisconsin, World Council's Worldwide Foundation funds manager, Valerie Breunig, shared her perspective on the importance of organizational structure, the benefits a foundation provides and how to find donors. Breunig worked through potential business strategies with the Caja Libertad representatives, reviewed their goals and spoke in depth on how to raise funds.
The group also met with Kris Hoffman Ackley, the National Credit Union Foundation's director of donor relations and received an in-depth view of fundraising on the national level in the United States and discussed investment funds, fundraising, and putting your money where your mission is.
The group concluded their meetings in the United States at Selfreliance Ukrainian American Federal Credit Union in Chicago, Illinois, where CEO Bohdan Watral and his staff members spoke about their community reinvestment activities.
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 300+ technical assistance programs in 89 countries. Worldwide, 68,882 credit unions in 109 countries serve 231,000,000 people. Learn more about World Council's impact around the world at www.woccu.org.