Vermont and Peru Credit Unions Sign Partnership Agreement
Ron Hance, CEO of Heritage Family Credit Union, seated, and Rocio
Miyashiro Kiyan, CEO of Cooperativa de Ahorro y Credito ABACO, sign the
partnership agreement on between their two credit unions
RUTLAND, Vt. — In a show of mutual support,
a partnership agreement was signed yesterday
between Heritage Family Credit Union here and
Cooperativa de Ahorro y Crédito ABACO,
based in Lima, Peru. The
credit-union-to-credit-union (CU2CU) partnership
is a byproduct of the partnership between the
Association of Vermont Credit Unions and the
Federación Nacional de Cooperativas de
Ahorro y Crédito del Perú
(FENACREP), signed in May in Lima, and part of the
World Council of Credit Union’s (WOCCU’s)
International Partnership Program. The arrangement
will enable the Peruvian credit union to work
closely with their Vermont counterpart to the
mutual benefit of both parties.
Rocio Miyashiro Kiyan, CEO of ABACO, and Manuel
Rabines, CEO of FENACREP and member of the WOCCU
board of directors, traveled to Vermont Tuesday
for the event. Kiyan and Ron Hance, president/CEO
of Heritage Family CU and a WOCCU board member,
formally signed the agreement pledging support on
behalf of each of their credit unions.
“We believe the partnership agreement should
benefit both parties,” Hance said. “ABACO can
benefit from our past experience in Vermont, and
we can benefit from the unique way in which they
approach their membership.”
| Ron Hance, CEO of Heritage Family Credit Union, seated, and Rocio
Miyashiro Kiyan, CEO of Cooperativa de Ahorro y Credito ABACO, standing
right, sign the partnership agreement on December 11, 2007. Also
present are Manuel Rabines, CEO, Federación; Nacional de
Cooperativas de Ahorro y Crédito del Perú (FENACREP) and WOCCU board
member, standing center, and Victor Corro, WOCCU International
Partnerships Manager, standing left.
The idea of the relationship first evolved out of
a trip Hance and other credit union and
association staff took to Peru in May. The
challenges faced by Peruvian credit unions were
similar to those that had earlier faced U.S.
credit unions, Hance said.
The three-day meeting led to preliminary plans
for helping the relationship between the two
country’s institutions evolve into one of mutual
service, said Hance. An employee exchange program,
with staff from both countries’ credit unions,
will be a central part of the partnership.
“This partnership will be very beneficial because
it pulls the two cooperatives together to help one
another,” said Hance. “This is a good forum for
all involved and will lead to highly valued
friendships between the two countries’ credit
While in Vermont, Rabines and Kiyan were invited
by the Rutland Chamber of Commerce to speak on
public access television. The pair also visited
several of Heritage Family CU’s branches,
including a student-run in-school branch, ending
their stay with a trip to Burlington to attend an
Association of Vermont Credit Unions board
WOCCU’s International Partnership Program
currently supports 26 partnerships between U.S.
credit union leagues and their counterparts in
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.
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Contact: Rebecca Carpenter
Organization: World Council of Credit Unions