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WOCCU welcomes new members from Colombia Moldova
MADISON, Wis. (4/12/12)--World Council of Credit Unions (WOCCU) last week welcomed Colombia and Moldova as new members.

Click to view larger image The World Council of Credit Unions (WOCCU) last week welcomed Colombia and Moldova as new members. WOCCU Chair Manuel Rabines, CEO of the National Federation of Credit Unions of Peru, left, welcomes Cooperativa Médica del Valle and Jose Luis Blanco Saenz, its corporate manager for strategic planning and marketing, as a WOCCU associate member.
The WOCCU board approved Cooperativa Médica del Valle (COOMEVA), a cooperative financial holding company from Colombia, as an associate member.

The board also approved Central Association of Savings and Credit Associations (CASCA), Moldova's credit union trade association, as a direct member.

Applications from both organizations were approved during WOCCU's first-quarter 2012 board meeting in New York.

"The global credit union movement continues to grow thanks to the good work of organizations like COOMEVA and CASCA," said Brian Branch, WOCCU president/CEO.

COOMEVA, based in Cali, Colombia, provides health services, mutual insurance, investment, savings and lending services to 250,000 members. COOMEVA heads a group of 16 companies with $2.8 billion assets. The organization is one of a growing number of World Council associate members.

Click to view larger image Ion Gangura, standing, chairman of Central Association of Savings and Credit Associations, Moldova's credit union trade association, moves to apply for World Council of Credit Unions membership at the organization's annual general meeting as Efim Lupanciuc, CASCAs chief executive officer (far right), looks on. (Photos provided by World Council of Credit Unions)
CASCA was formed in 2009 by Moldova's 49 largest credit unions. Its affiliates control 42%, or $12.7 million, of Moldova's credit union assets and account for 32%, or 40,735, of the country's credit union members. CASCA, provides representation, training and liquidity management services for its members.

"We see the continued growth of our organization as a sign of confidence not only in the work we do, but also in the global credit union movement," said WOCCU Chair Manuel Rabines, CEO of the National Federation of Credit Unions of Peru. "Such support signals a brighter future for us all."

Representatives from CASCA and COOMEVA will be formally recognized at the WOCCU 2012 annual general meeting, which will be held in conjunction with the organization's World Credit Union Conference, July 15-18 in Gdańsk, Poland.
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