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CU System
Belarus Singapore new members of WOCCU
MADISON, Wis. (1/5/10)--Belarus and Singapore are the World Council of Credit Unions' (WOCCU) newest members as of Friday. WOCCU’s board of directors approved the organizations’ applications in November. The Singapore National Co-operative Federation (SNCF) is the first national-level organization from Southeast Asia to become a direct member of WOCCU. The Belarus Republic National Credit Union Association (RACCSMFA) has grown and is eligible for membership because of efforts by the Polish Credit Union Foundation, which is part of the National Association of Cooperatives Savings and Credit Unions, Poland’s credit union trade association and WOCCU member. “The Polish movement has provided critical leadership and technical assistance to support the emergence of credit unions in Belarus,” said Brian Branch, WOCCU executive vice president and chief operating officer. RACCSMFA and SNCF will be introduced and given the opportunity to speak with delegates at WOCCU’s next annual general meeting, to be held with The 1 Credit Union Conference, July 11-14 in Las Vegas. RACCSMFA, which will join the Azerbaijan Credit Union Association and the Estonian Union of Credit Cooperatives, represents more than half of the country’s credit unions, serving about 75% of its membership. SNCF, founded in 1980, will be granted full-member status. It represents all but two of Singapore’s 38 credit unions and is the only financial cooperative organization in the country.
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