Ukrainian Crisis Response


Stay updated on the state of
Ukraine's credit union system

World Council created this page as a resource for the latest news and information about how credit unions in Ukraine are faring in the face of the Russian invasion, and how the worldwide credit union movement is responding to help them. All of the content is provided by World Council, its members, or their affiliated credit unions and financial cooperatives. To share information from your organization on this page, please email us at To make a donation to to Worldwide Foundation for Credit Unions' Ukrainian Credit Union Displacement Fund, click here

National Bank of Ukraine: Credit Union Loan Payments Missed Due to Martial Law Need Not Be Considered Overdue

The National Bank of Ukraine (NBU) on March 23 adopted a resolution that included a proposal advocated for by World Council of Credit Unions on the issue of managing the problem debts of credit union members during the current crisis.

On March 11, 2022, World Council wrote a letter to the NBU urging regulatory relief for credit unions on the accounting and accumulation of loan delinquencies that arise due to the war with Russia and the resulting implementation of martial law.

Less than two weeks later, the NBU declared that credit unions do not need to treat any missed loan payments that occur from February 28, 2022 to within 60 calendar days after the termination of martial law as delinquent or overdue.

World Council is working through its International Advocacy team and its USAID-funded Credit for Agriculture Producers’ (CAP) Project to advocate for emergency regulatory reforms before the NBU on behalf of Ukrainian credit unions, so that they may continue to serve members and communities despite the ongoing conflict.