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

Romanian Credit Unions Take Individualized Approach to Ukrainian Refugee Situation

The Russian invasion of Ukraine started a constant wave of Ukrainian residents fleeing for neighboring countries. To date, more than four million Ukrainians have fled and are now refugees.

At least 500.000 refugees crossed the border into Romania, but more than 90% of them have already left, heading further west into other European countries. Roughly 35.000 refugees decided to stay in Romania for now, most of whom have relatives there.

Credit unions affiliated with the Federation of Romanian Credit Unions (FEDCAR), World Council’s member credit union association in Romania, are working with the local authorities to try to resolve any local issues related to the Ukrainian refugees. There is no common action under the FEDCAR umbrella at this time.

“We think each credit union knows best what the local needs are, both for the refugees that are moving through Romania for other countries and for those who are staying and looking for support,” said Florin Simion, FEDCAR CEO. “There are also NGOs that are working alongside credit unions or directly with credit union members to give a helping hand.”

World Council continues communicate with FEDCAR as it looks at recovery plans for credit unions that will be assisting refugees long-term.