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News Now

CU System
Brazil CU Execs To Intern At Arkansas, Okla., Texas CUs
FARMERS BRANCH, Texas (10/8/13)--Credit unions in Arkansas, Texas, and Oklahoma will host middle and upper level executives from Sicredi, a 128 institution-strong Brazilian credit union trade association on Oct. 10 (Leaguer, Oct. 7).

The dozen executives from the Porto Alegre-based Sicredi will be in the three states until Nov. 1 for a "people to people" internship program. The program was first launched in 2010 through the World Council of Credit Unions and the Cornerstone Credit Union League--the state league for credit unions in Arkansas, Oklahoma, and Texas.

The program will be financed by a division of the U.S. Department of State called the Bureau of Education and Cultural Affairs.

Throughout the three weeks, the Sicredi executives will "shadow" their American counterparts to learn about governance, risk management, business continuity, member business lending, indirect lending, advocacy, savings products and services, youth outreach, retirement accounts, marketing, branch design, technology, social media and community outreach
.
"These internships are a wonderful opportunity for credit unions in the U.S. and Brazil to learn from one another; to share ideas and best practices," said league CEO Dick Ensweiler. "Sicredi is a progressive and sophisticated organization, and I am confident that the three-week internship be a mutually beneficial experience."

Last year, 11 Sicredi executives spent time with credit union executives in Texas for a similar junket (News Now Sept. 7, 2012). The partnership was first established between Sicredi and the Texas Credit Union League (TCUL) after the 1 Credit Union Conference three years ago in Las Vegas (News Now July 14, 2010).


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