WOCCU CEO Resigns
Madison, WI— World Council of Credit Unions,
announces the resignation of CEO, Arthur Arnold
effective January 1, 2005. After 5 years at the
helm of the international organization that
represents credit union movements around the
world Arnold decided not to extend his employment
contract with World Council.
Arnold, who will be returning to his native
Netherlands explained, "After having dedicated 5
years of my life to WOCCU, I have to find the
right balance in life again. Without my family's
support I wouldn't have been able to work for
WOCCU the way I did. For that I am very grateful
Arnold will become the new CEO of FMO (Finance
for Development), the International Development
Bank of the Netherlands, effective January 1st,
2005. FMO is a unique partnership owned by the
public sector, the Dutch Government and the
private sector—the business community, banks and
labor unions in the Netherlands. FMO provides
loans, takes equity participations and provides
technical assistance, for more than $2 billion to
40 developing countries and emerging markets in
"We have come a long way with WOCCU during
last 5 years. Today is a very different WOCCU
from 5 years ago: stronger from all points of
view and well respected in the world for creating
value for its member organizations, their credit
unions and their members," Arnold continued.
He explained, "For me it has been an
journey. There is nothing more rewarding than
being able to combine your passion with your
work. I thank you all for the support and
dedication you have given to WOCCU and to myself,
in making WOCCU to what it is today. Together we
are doing the job. I am sure that all of you
together will continue to make WOCCU into a
success, making WOCCU's vision: "Quality Credit
Unions for Every One" come true."
L.R. (Bobby) McVeigh, WOCCU Board Chairman
stated, "On behalf of the board of directors I
would like to take this time to thank Arthur for
his commitment to the international credit union
system. The initiatives completed in the last
four years have been truly remarkable and we wish
him well in his new endeavors."
The World Council board of directors is
forming a search committee to replace Arnold.
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.