What We Do
A look at our different interventions
Foundation of individual financial institutions Institutional growth of financial institutions, branches, and development of new products and services Expansion through a Second Tier Network, linking financial institutions and branches
PEARLS monitoring system
The PEARLS Monitoring System is a financial performance monitoring system which is designed to offer management guidance for credit unions and other financial cooperative institutions. It is a set of 44 financial ratios or quantitative indicators that help to standardize terminology between institutions, which is used to analyze the financial health of any financial institution. Since its creation in the 1980s, we have used it with credit unions in 30-plus countries across the globe.
What Does PEARLS Stand For?
Effective Financial Structure
Rates of Return and Costs
Signs of Growth
Management information systems & other IT investment for financial institutions.
WOCCU works with financial institutions to implement management information systems (MIS), which help financial institutions improve internal efficiencies and business processes, which in turn make it more convenient and cost-effective for their customers. We collaborate with financial institutions to customize the software, ensuring that it will meet their consumers’ needs.
Most recently, in Afghanistan, Colombia, Mexico and Guatemala, WOCCU translated, customized and installed MIS software at all credit unions, which enabled them to handle transactions and accounting electronically, facilitate reporting, reduce the human resource burden and strengthen off-site monitoring of financial performance and operations. In Haiti, our incentive grants enabled microfinance institutions, credit unions and private development finance.
WOCCU supports institutions’ technology-driven system networks which enable financial institutions to pool resources, allowing them to:
Expand points of services and provide a broader array of services.
Mitigate risks by sharing said risks.
Ensure smooth seasonal liquidity risk (deposit insurance) or increase returns by pooling liquidity.
Gain efficiency by sharing investment in infrastructure.
These activities help WOCCU’s partners to expand into client services such as bill payment, national and international shared branching, remittance distribution, ATM networks, card services and mobile money services. (see example of payment platform architectures being explored by our partner the Asian Confederation of Credit Unions)