News Release Year

Global Credit Union Membership Surpasses 375 million

October 13, 2021

Global Credit Union Membership Surpasses 375 million

MADISON, Wis.—Improved supervision and data reporting in the world’s second-most populous country combined with continued growth across the globe resulted in a 29% year-to-year increase in international credit union membership, according to World Council of Credit Unions’ (WOCCU) newly released 2020 Statistical Report.

WOCCU TIFI Project Helps Establish First CUSO in Guatemala

September 30, 2021

WOCCU TIFI Project Helps Establish First CUSO in Guatemala

MADISON, Wis.—World Council of Credit Unions worked hand-in-hand with its member credit union association in Guatemala to establish in August the nation’s first credit union service organization (CUSO), which is able to provide loans to members whose businesses grow into registered corporations—something credit unions have been unable to do previously in the Central American country.

Year One of Economic Inclusion Project Benefits Over 30,000 People in Peru and Ecuador

September 21, 2021

Year One of Economic Inclusion Project Benefits Over 30,000 People in Peru and Ecuador

LIMA, Peru—Nearly 28,000 people gained access to financial services for the first time and more than 2,500 entrepreneurs received support for their businesses during the first year of World Council of Credit Unions’ (WOCCU) Economic Inclusion Project (EIP), a USAID-funded activity based in Peru and Ecuador.

Marshall Boutwell Honored for Support of Polish Credit Union Movement

September 15, 2021

Marshall Boutwell Honored for Support of Polish Credit Union Movement

WASHINGTON, D.C.—Marshall Boutwell, President and CEO of Peach State Federal Credit Union, received the highest award Poland gives to non-citizens for his support of the country’s credit union movement during a September 14 ceremony at the residence of the Polish Ambassador to the United States.

$45,000 Grant to Help Haitian Credit Unions Recover from August Earthquake

September 14, 2021

$45,000 Grant to Help Haitian Credit Unions Recover from August Earthquake

MADISON, Wis.—Six credit unions in Haiti devastated by an August 14 earthquake will soon be back and up running thanks to a $45,000 grant issued through Worldwide Foundation for Credit Unions’ Project Storm Break initiative.

World Council Urges Basel Committee to Adopt Measured, Orderly Withdrawal of COVID-19 Relief Measures

August 24, 2021

World Council Urges Basel Committee to Adopt Measured, Orderly Withdrawal of COVID-19 Relief Measures

MADISON, Wis.—Recognizing many credit unions are serving countries and populations still left behind by the current COVID-19 recovery, World Council of Credit Unions’ (WOCCU) International Advocacy sent a letter to the Basel Committee on Banking Supervision urging the international standard setting body to support a measured and orderly approach to the withdrawal of its pandemic relief measures.

Credit Unions from U.S. and South Korea Come Together with “Global Bridges”

August 09, 2021

Credit Unions from U.S. and South Korea Come Together with “Global Bridges”

PORTLAND, Ore.—In another impressive display of the global credit union movement’s cooperative strength, four credit unions from the northwest United States have teamed up to build bridges with counterparts in Asia.

Credit Union Industry Exceeds Goal of CUNA Mutual Group Challenge by Donating Nearly $1.3 Million to Worldwide Foundation for Credit Unions

August 03, 2021

Credit Union Industry Exceeds Goal of CUNA Mutual Group Challenge by Donating Nearly $1.3 Million to Worldwide Foundation for Credit Unions

MADISON, Wis.—Credit unions and other industry groups donated nearly $1.3 million to Worldwide Foundation for Credit Unions in just over three months to meet the CUNA Mutual Group Challenge and ensure $1 million in matching funds for World Council of Credit Unions.

WOCCU Celebrates 50th Anniversary to Close 2021 World Credit Union Conference

July 22, 2021

WOCCU Celebrates 50th Anniversary to Close 2021 World Credit Union Conference

MADISON, Wis.—World Council of Credit Unions (WOCCU) made history as it was looking back on it Wednesday, closing out the first ever virtual World Credit Union Conference with a celebration of its 50th anniversary.

What is the Impact of Artificial Intelligence on Credit Unions?

July 21, 2021

What is the Impact of Artificial Intelligence on Credit Unions?

MADISON, Wis.—Financial services are being forever and irrevocably disrupted due to artificial intelligence—and credit unions will never be the same because of it.

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