WOCCU International COVID-19 Response Committee to Identify, Share Best Practices with Credit Unions
New committee responding to health and economic crisis caused by pandemic
August 04, 2020
MADISON, Wis.—World Council of Credit Unions has established a new committee dedicated to identifying best practices and strategies that credit unions around the globe can utilize in their response to the COVID-19 pandemic.
The COVID-19 Response Committee will seek to help credit unions mitigate the health and economic impacts of the crisis through:
- Member Support.
- Community Support.
- Business Continuity.
Best practices and other resources will be shared with members and their credit unions on the WOCCU COVID-19 Resource Page.
Korean credit union system to lead effort
WOCCU Board Director and National Credit Union Federation of Korea (NACUFOK) Chair & President Younsik Kim will chair the COVID-19 Response Committee.
NACUFOK has been a leader in South Korea’s COVID-19 response, providing loan support services, and donating US$ 1.76 million and 200,000 masks to help its member credit unions.
“The Korean credit union system is committed to keeping members and staff safe, while ensuring they can adapt and respond to the economic impacts of the pandemic,” said Kim. “We are also committed to helping credit unions around the world devise a comprehensive strategy to not only survive this crisis but thrive in the future.”
The COVID-19 Response Committee will also be comprised of WOCCU Board Directors Martha Durdin of Canada, Charles Murphy of Ireland and Board Chair Rafał Matusiak of Poland.
Other members of the Committee, representing regional and national credit union associations around the world, include:
- Greg Michlig, Chief Engagement Officer, Credit Union National Association (USA).
- Elenita San Roque, CEO, Asian Confederation of Credit Unions.
- George Ombado, CEO, African Confederation of Savings and Credit Cooperatives.
- Adrian Rodriguez, CEO, Federation of Savings and Credit Cooperatives of Costa Rica.
- Denise Garfield, General Manager, Caribbean Confederation of Credit Unions.
Committee to present bimonthly webinars
The COVID-19 Response Committee will hold its first meeting on August 27, and its first in a series of bimonthly webinars on September 17.
The first webinar, organized by NACUFOK, will include presentations on:
- The current status of COVID-19 and a global perspective on the outlook of the pandemic, by Dongil Ahn, Visiting Professor, Yeonsei University Graduate School of Public Health, and former WHO representative in Cambodia and Lao PDR; and
- Present and future international work related to the virus, by Goosoon Kwon, Professor of Global Development Cooperation at Seoul Cyber University.
More details on the September 17 webinar, including start time and registration information, will be made available on the WOCCU COVID-19 Resource Page in the coming weeks.
World Council of Credit Unions is the global trade association and development platform 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, 85,400 credit unions in 118 countries serve 274 million people. Learn more about World Council's impact around the world at www.woccu.org.