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Vermont Peru CUs sign partnership agreement
RUTLAND, Vt. (12/13/07)--In a show of mutual support, a partnership agreement was signed Tuesday between Heritage Family CU, Rutland, Vt., and Cooperativa de Ahorro y Credito ABACO, Lima, Peru.
Ron Hance, seated, CEO of Heritage Family CU, and Rocio Miyashiro Kiyan, right, CEO of Cooperativa de Ahorro y Credito ABACO, sign their credit unions' partnership agreement Tuesday. Also present are, standing from left: Victor Corro, World Council of Credit Unions (WOCCU) International Partnerships manager, and Manuel Rabines Ripalda, CEO of Federacio Nacional de Cooperatives de Ahorro y Credito del Peru and WOCCU board member. (Photo provided by the World Council of Credit Unions).
The credit-union-to-credit-union (CU2CU) partnership is a byproduct of the partnership between the Association of Vermont Credit Unions and the Federacion Nacional de Cooperativas de Ahorro y Credito del Peru (FENACREP). That partnership was signed in May in Lima, and is part of the World Council of Credit Unions’ (WOCCU) International Partnership Program. The arrangement will enable the Peruvian credit union to work closely with its Vermont counterpart to the mutual benefit of both parties. Rocio Miyashiro Kiyan, CEO of ABACO, and Manual Rabines, CEO of FENACREP and member of the WOCCU board of directors, traveled to Vermont Tuesday for the event. Kiyan and Ron Hance, president/CEO of Heritage Family CU and a WOCCU board member, formally signed the agreement pledging support on behalf of each credit union. The relationship evolved from a trip Hance and other credit union and association staff took to Peru in May. The challenges faced by Peruvian credit unions were similar to those that had earlier faced U.S. credit unions, Hance said. The three-day meeting led to plans for helping the relationship evolve into one of mutual service, said Hance. An employee exchange program will be a central part of the partnership. The partnership "pulls the two cooperatives together to help one another,” said Hance. “This is a good forum for all involved and will lead to highly valued friendships between the two countries’ credit union communities.” While in Vermont, Rabines and Kiyan were invited by the Rutland Chamber of Commerce to speak on public access television. They also visited several of Heritage Family CU’s branches, including a student-run, in-school branch, and attended an Association of Vermont Credit Unions board meeting in Burlington. WOCCU’s International Partnership Program supports 26 partnerships between U.S. credit union leagues and their counterparts in other countries.
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