Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Kenyan CU officials visit Massachusetts CUs
MARLBOROUGH, Mass. (11/19/08)--The Massachusetts Credit Union League hosted a study group of nine Kenyan credit union officials last week.
The Massachusetts Credit Union League hosted a study group of Kenyan credit union officials last week. The group visited four credit unions in Massachusetts during their visit. Pictured with the Kenyan delegation at Fitchburg (Mass.) FCU is Daniel Egan, league president (back row, fifth from right), and Barbara Goodwin, Fitchburg FCU president (front row, right end), with members of her staff. (Photo provided by the Massachusetts Credit Union League)
The group represented the Kenya Union of Savings & Credit Co-operatives (KUSCCO, the league) and three credit unions--the Nyeri Teachers SACCO, Kirinyaga Tea SACCO, and the Ufundi SACCO. In Kenya, credit unions are referred to as Savings and Credit Co-Operatives (SACCO). The group’s goal was to research best practices among credit unions in the U.S.--particularly in member education, technology and governance. The visit was organized by the World Council of Credit Unions. The Kenyan officials visited HarborOne CU’s Multi-Cultural Center in Brockton, RAH CU in Randolph, then Metro CU in Chelsea and Fitchburg FCU. The group members, which represented some of the largest credit unions in Kenya, indicated that they face many of the same challenges and opportunities that the credit unions they visited do. During the visit to Fitchburg CU, Carilus Ademba, managing director of KUSCCO, received a phone call from Nairobi informing him that a long-sought piece of credit union legislation had been passed by the Kenyan Parliament. The bill, among other things, creates a separate regulatory authority for credit unions in Kenya. League President Dan Egan congratulated the credit union colleagues on their legislative achievement. The subject of politics stayed on the table during the meeting when the visitors expressed their pride and pleasure that Barack Obama, who is of Kenyan descent, had been elected to serve as the next U.S. president.
Other Resources

RSS print
News Now LiveWire
Large CU stress testing on the agenda for the April @theNCUA open meeting http://t.co/2TUcnmCmPi
1 Day ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa http://t.co/xgrDmHaw8W
1 Day ago
Join @theNCUA #NCUAchat with @KenWortheyJr on April 23 from 11am to 12pm EST http://t.co/TnNmfFh4Nl #FinancialLiteracyMonth
1 Day ago
Maine's patent troll bill has become law. Read more in Monday in @NewsNowLiveWire
1 Day ago
Wash. DFI discusses serving legal marijuana businesses with @NWCUA http://t.co/3kw79HJUYF
1 Day ago