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News Releases

November 13, 2006

World Council Supports the Martin Luther King Memorial

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World Council of Credit Unions has donated $5,000 in support of the Martin Luther King, Jr. National Memorial being built in Washington, DC. The fundraising initiative within the credit union movement is being led by the African American Credit Union Coalition (AACUC).

"The Martin Luther King, Jr. National Memorial honors the same people that the World Council often works with – the disenfranchised and those with fewer economic advantages," said Pete Crear, CEO, World Council. "The AACUC has volunteered and supported many World Council initiatives over the years and we're proud to be a part of this effort."

The AACUC has been involved with the World Council's annual African Credit Union Congress and SWAMI, the management institute at Strathmore University of Nairobi.

The groundbreaking ceremony was held Monday, November 13 in Washington, DC, with the expected opening in 2008. For more information, including a virtual tour of the monument, or to make a donation, visit

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


Contact: Rebecca Carpenter
Phone: +1-608-395-2031
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