International Support for FULM Savings House, Macedonia
Representatives of the Michigan Credit Union
League (MCUL) visited their International Partner
Macedonia this week to provide support in a number
of areas. Mr. Drew Egan, executive vice president
of MCUL and CUCorp, and Mr. Hank Hubbard, CEO of
Communicating Arts Credit Union of Michigan,
conducted a staff training session entitled "Seven
Habits for Effective People" and worked on
business planning with the FULM Management Boards.
They also participated in a number of publicity
events, including a TV interview and a meeting
with the Mayor of Strumicza, and visited the
Parliamentary Commission of the Economy, the
Ministry of Economy, and the Ministry of Local
The Association of Citizens FULM has been
together with World Council of Credit Unions, Inc.
(WOCCU) since 1995 to develop and implement credit
unions as a new type of financial institution in
the Macedonian Market. FULM Savings House was
founded in 1999, and it has been working with MCUL
through WOCCU's International Partnership Program
since 2003. Since then MCUL has been instrumental
in providing FULM Savings House support through
continuous lobbying of the government of Macedonia
for savings and credit union legislation, fair
banking regulations as well as technical support
for training, and marketing design assistance.
USAID has also been instrumental in the growth
the credit union movement in Macedonia. Since
1993 they have invested more than $400 million to
support projects that promote Macedonia's
transition to a free market-based, multi-ethnic
democracy. These projects have included
initiatives to accelerate economic growth, develop
democratic institutions, and educate citizens for
a modern economy. More than 30 projects worth $35
million a year are currently being implemented.
This week, USAID furthered its support by
delivering a statement on Macedonia' credit union
movement to national press at the Central Offices
of FULM Savings House and participating in the
celebration of International Credit Union Day at
JSP branch in Skopje. USAID representatives in
attendance included Mr. Brock D. Bierman, Chief of
Staff, USAID Bureau of Europe and Eurasia and Mr.
Richard Goldman, Mission Director, USAID
"AC FULM and FULM Savings House's celebration
International Credit Union Day recognizes the
support of its partners WOCCU, MCUL and USAID,"
says Martha Ninichuk, WOCCU's technical officer
for Asia and Europe. "Without the hard work of
all involved, FULM Savings House would not have
been able to achieve the level of success as seen
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, 57,000 credit unions in 105 countries serve 217 million people. Learn more about World Council's impact around the world at www.woccu.org.
Phone: (608) 395-2000