CUs are essential allies in the global war on poverty. By Steve Rodgers I recently traveled with a colleague from the World
Council of Credit Unions (WOCCU) to Kenya. While there, I witnessed the work of some remarkable people who have committed
their professional lives to promoting credit union growth....
Pete Cislo’s chance encounter with a family in crisis paved the way for a statewide foreclosure prevention and assistance program—and led to a credit union’s new, personalized approach to debt consolidation and restructuring. CU: Rogue FCU, Medford, Ore. Challenge: Members struggling to make payments Solution: Restructure and refinance debt to... READ MORE
Dangerous place : With financial institutions shuttered by the earthquake, Haiti has become a cash-only society, making life inconvenient and dangerous for people on the street. Reports from the World Council of Credit Unions Movement Assists Damaged CUs, Helps Members Access Funds The World Council of Credit Unions (WOCCU) and its program... READ MORE
Joe Jones , Carolina Postal CU senior mortgage loan officer (left), and Board Chairman Buddy Livingston are excited about the Carolina Postal Fee 4 Food promotion that gives back to members and collects food for local food banks. By Lora Kloth Credit unions brought many glad tidings to their members and communities during the recent... READ MORE
In the mountains of Veracruz, Mexico, people in poverty typically lack any savings, let alone other services offered by urban financial institutions. Now, working with a local credit union, MatchSavings.org—a program launched in 2008 by World Council of Credit Unions (WOCCU)—provides an incentive for individuals to set their first savings... READ MORE
Small CU leaders are the ‘missionaries’ of the financial services industry. During
the past four years, the credit union movement has lost about 1,000 small credit unions. There were 5,517 small credit unions
(those with less than $35 million in assets) at the end of...
Augustine Kang —known as the father of the Asian credit union movement—died in August. Those who knew him describe Kang as a “man of the world,” “humble giant,” “dear, compassionate man” and “a role model for our lives." By Chris Baker Augustine Kang was a credit union giant but a... READ MORE
‘The purpose of CUs is to liberate people.’ Those who knew Augustine Kang during his decades of service to credit unions report he was a transforming figure. Some say he was a key 20th-century historical leader of the international credit union movement. Others describe Kang as “a man of the... READ MORE
Orange County’s CU branch associates display the generous school supply donations from members and associates. From left: Erica Rodriguez, Yorba Linda Branch; Michele Goode, St. Andrews Branch; and Ernie Echeverria, Fullerton Branch. By Lora Kloth The Great Recession has left virtually no one unaffected, including many school kids unable to acquire... READ MORE
By James Hanson Exploitation happens every day and in many different markets, including new immigrants, minorities, poorly educated, and the poor. But the senior market stands out because of its size and its relative wealth. Seniors are vulnerable for many reasons: * Cognition . Nearly half of the people in... READ MORE