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Ghana Louisiana CUs partner in WOCCU program
NEW ORLEANS (7/2/10)--Louisiana credit unions will gain insights into their counterparts in the African nation of Ghana because of a new credit union-to-credit union partnership that’s part of World Council of Credit Unions (WOCCU) International Partnerships Program.
Click to view larger image Kusi Boachie, CEO of GESRO Co-operative CU in Ghana (left) and Mark Rosa, president/CEO of Jefferson Financial CU, Metairie, La., hold a banner commemorating their credit unions’ new partnership. The relationship is part of the World Council of Credit Unions’ International Partnerships Program. (Photo provided by World Council of Credit Unions)
Jefferson Financial CU in Metairie, La., and GESRO Co-operative CU in Sekondi-Takoradi, Ghana, signed an agreement of mutual support last week in New Orleans. This is the third WOCCU partnership for Louisiana. They include the partnerships between the Louisiana Credit Union League (LCUL) and the Russian Credit Union League, and between Barksdale FCU in Bossier City, La., and Russia’s Altai Credit Union Association. “These partnerships give us an opportunity to explore new solutions to old problems that we may have not yet thought of, but which others already have put into practice,” said Anne Cochran, LCUL president/CEO. Kusi Boachie, GESRO CEO, visited its New Orleans partner credit union for the first time last week. Boachie spent the week with Jefferson Financial President/ CEO Mark Rosa and his staff to learn about the credit union’s operations and discuss areas of cooperation for the partnership. Boachie took special interest in credit and risk management, and marketing and information technology. Rosa and his team also learned about GESRO during Boachie’s presentation. “This week has been important for Jefferson Financial because the partnership will allow us to not only benefit our members in Jefferson Parish here in Louisiana, but also members of GESRO Co-operative CU in Ghana,” Rosa said. Boachie also visited New Orleans Firemen’s FCU and the league offices, and attended a league chapter meeting. The two credit unions held a partnership planning session with WOCCU to map out activities and determine the partnership’s focus. Helping GESRO create a marketing strategy to increase awareness about its products and services and streamline its loan and collections process are high on the list of preferred accomplishments. The assistance will be accomplished through on-site training in Louisiana and in Ghana, as well as peer-to-peer communication among the credit unions’ staff members. “I have learned so much from Jefferson Financial CU and am convinced that this partnership will result in real growth, efficiency and sustainability for the benefit of our members and the African continent as a whole,” Boachie said. “This is not just a partnership, but a strategic alliance for mutual benefit.” Boachie also participated in the Louisiana/Mississippi Supervisory Committee Conference, where he attended a workshop on financial statements for cooperatives.
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