PODCAST: One Year of War and the Resilience of Ukrainian Credit Unions2023-02-22
With February 2023 marking the somber one-year anniversary of Russia's full-scale invasion of Ukraine, Episode 22 of the Global Credit Union Podcast looks back on how several entities have worked with Ukrainian credit unions to keep them resilient and open to members.
That includes the USAID/World Council of Credit Unions' Credit for Agriculture Producers' (CAP) Project, which works with partner credit unions to ensure their member farmers have loans, so they can continue producing food during the war. Ivan Vyshnevskiy, a Ukrainian citizen who serves as Deputy Chief of Party for the CAP Project, talks about how project staff have helped credit union agricultural lending outperform every other credit union loan sector since the war began.
Plus, Mike Reuter, Executive Director of Worldwide Foundation for Credit Unions (WFCU), discusses the response from credit union leaders around the world who have donated nearly $2 million to WFCU's Ukrainian Credit Union Displacement Fund. More than $600,000 from that fund has already been sent to Ukraine to help credit unions maintain operations and to provide needed support to the farmers themselves.
Finally, Anatoli Murha, Senior Vice President of Ukrainian Selfreliance Federal Credit Union and a member of the Ukrainian-American Credit Union Association, discusses how the massive outpouring of financial support from the Ukrainian-American credit union sector has made a huge difference in the lives of everyday Ukrainians.
You can listen to Episode 22 of The Global Credit Union Podcast here.