October 22nd, 201815275On Oct. 17, the Basel Committee on Banking Supervision issued a revised Stress Testing Principles standard that will significantly reduce the regulatory burdens of stress test on credit unions and other community-based financial cooperatives.
Earlier this year, the World Council of Credit Unions urged the "proportional" approach to...
July 18th, 2018201377The new leader of the World Council of Credit Unions Board of Directors hails from the United States.
Steven Sapp, president and CEO of Unitus Community Credit Union in Portland, Ore. formally took office during the World Credit Union Conference General Session on July 17 in Singapore.
"Although I come from the U.S., I consider...
June 25th, 201811302Georgia credit unions and Georgia Credit Union Affiliates recently hosted credit unions from Costa Rica, Ecuador, Mexico and Uruguay for a "global classroom" learning initiative.
The three-day event in May was coordinated through the World Council of Credit Unions, which reached out to Georgia for a study tour in the Atlanta area to...
April 24th, 20181302The World Council of Credit Unions Board of Directors recently approved the membership application for the Credit Unions of Agro-Industrial Association of Kazakhstan.
"Extending our welcome to the first ever member from Kazakhstan to the World Council's membership base, we support their active participation and are pleased to...
March 9th, 201819131A credit union from Glasgow recently visited Peach State Federal Credit Union for educational purposes.
NHS Credit Union considers Peach State FCU a partner.
"We now look forward to welcoming our Peach State partners back to Glasgow to show them more of what this city has to offer," NHS CEO Robert Kelly said in a Glasgow Chamber of...
February 7th, 201814111The World Council of Credit Unions took issue with some portions of the Financial Stability Board's recent consultative document on best practices for bail-in execution.
The Financial Stability Board is an international body that monitors the global financial system and makes recommendations about how the system's players should...
January 8th, 201834192A credit-union owned league from Haiti became the latest member of the World Council of Credit Unions as 2017 drew to a close.
WOCCU's board of directors unanimously approved the membership application for the Association des Caisses Populaires Haitiennes, a 100-percent credit union-owned organization in Haiti that offers advocacy,...
November 17th, 2017195Recently, European Union officials sat down with industry advocacy groups to discuss how the governing body could help credit unions increase lending to small- and mid-size businesses.
According to a WOCCU press release, the Nov. 7 meeting in Brussels was constructive. Members of the European Parliament and European Commission – two...