Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Cameroon co-op league visits MnCUN
ST. PAUL, Minn. (5/26/11)--The Minnesota Credit Union Network (MnCUN) provided insight into the operations of a U.S. credit union league to a visitor from Cameroon this week.
Click to view larger image During a visit to the Minnesota Credit Union Network, Cameroon Cooperative Credit Union League Representative Prasedes Banseka (right) provided gave an overview of the country’s credit union system.
Cameroon Cooperative Credit Union League Representative Prasedes Banseka’s visit was part of a 30-day credit union internship in Minnesota, during which she is learning about the credit unions’ approach to internal control and member services. Banseka is in the U.S. on a fully funded 10-month scholarship with the U.S. Department of State’s Hubert H. Humphrey Fellowship Program. The program selects young professionals from foreign countries with potential to be future leaders and brings them to the U.S. to learn about American institutions, people and culture. During her time in the U.S., Banseka has studied at Michigan State University and completed a short internship at a credit union in Michigan. The final part of her training is a 30-day internship at US FCU, Burnsville, Minn.
Click to view larger image Minnesota Credit Union Network (MnCUN) Director of Education Sue Groskreutz (left) tells Cameroon Cooperative Credit Union League Representative Prasedes Banseka about educational opportunities offered by MnCUN. (Photos provided by Minnesota Credit Union Network)
At MnCUN, Banseka learned about the resources the league provides to the state’s credit unions. Banseka took part in one-on-one meetings with network staff, who provided overviews of each department’s basic functions and offered ways Banseka could implement new ideas in Cameroon. Banseka shared photos and stories in an overview of her country’s credit union system. Cameroon has about 200 credit unions that serve 336,000 members. The Cameroon league has a unique structure and approach to service, meeting regularly with each credit union to oversee the management of the organization, training staff and volunteers and coordinating board elections. The league also acts as a regulator, auditing credit unions, offering insurance, and assisting credit unions with their financials. “The network’s meeting with Prasedes opened our eyes to the true diversity of the international credit union movement,” said Kristina Wright, MnCUN vice president of association services. “While the products and services offered by our countries may differ, we discovered that the fundamental credit union philosophy of people helping people remains strong.”


RSS print
News Now LiveWire
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
10 minutes ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
20 minutes ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
1 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
2 hours ago
#NewsNow New league award honors Commitment to Cooperation http://t.co/OPt97flShn
3 hours ago