World Council Partners with Summit Credit Union
New partnership will bring financial support to international communities
December 14, 2016
MADISON, Wis.— Summit Credit Union has launched the Global Good Card, a new VISA campaign developed in partnership with the World Council of Credit Unions (WOCCU) to highlight the goal of both organizations to improve member lives and communities through financial empowerment. Summit hopes the new card will bring awareness to WOCCU’s global work and additional support to the organization.
“We have believed and supported the important work the World Council of Credit Unions does to bring access to credit to low-income families and women in emerging countries since its inception", said Summit Credit Union CEO/President Kim Sponem. “The Global Good card was developed by Summit as another way for our members to help members throughout the world become financially self-sustaining.”
Summit will donate up to $10 for every Global Good Card opened through January 31, 2017. Summit Global Good Card members will also have the option to donate $10 annually, while an additional 20 percent of interchange fees on all purchases made with the card will go to World Council. The option to redeem rewards points for a cash donation will also be available.
WOCCU largely works with credit unions that have members living on just $2 a day. With The World Bank recently estimating that more than 2 billion people lack access to financial institutions, WOCCU offers credit union members custom financial plans, access to marketplaces and basic money management strategies (source:The Global Findex Database 2014).
“We believe granting access to financial resources and tools is extremely empowering for struggling communities, especially in developing areas,” says WOCCU President and Chief Executive Officer Brian Branch. “Summit Credit Union has been an outstanding role model in the credit union community for years, and their continued success in empowering members financially makes us very proud to be working with them.”
The design on Summit’s Global Good Card depicts Abdi Lidonde, co-founder of the Beverly School of Kenya, planting an apple tree. The school is taking part in a new WOCCU program that teaches agriculture technology as part of its curriculum.
Established in 1971 and headquartered in Madison, Wisconsin, WOCCU is the leading international trade association and development agency for financial inclusion. To date, WOCCU has helped serve millions of credit union members in 102 nations worldwide. To learn more about the WOCCU, visit http://www.woccu.org/. For more information on opening a Global Good Card, visit https://www.summitcreditunion.com/GlobalGoodCard.
About Summit Credit Union:
Established in 1935, Summit Credit Union is a member-owned financial cooperative open to anyone in Wisconsin. Summit holds $2.4 billion in assets and has more than 153,000 members and 450 employees across 34 locations throughout the Madison and Milwaukee areas. For more information, visit www.summitcreditunion.com or call 608-243-5000 or 800-236-5560. For additional media information, visit https://www.summitcreditunion.com/about/press_room.html
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 235 million people. Learn more about World Council's impact around the world at www.woccu.org.