Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Domestic, foreign co-op programs need full funding: CUNA, World Council
WASHINGTON (5/15/14)--In joint letters to U.S. House and Senate lawmakers, the Credit Union National Association and the World Council of Credit Unions advocated for re-authorization of the U.S. Agency for International Development's (USAID) Cooperative Development Program (CDP), and also for increased USAID development assistance to Ukraine.

CUNA and the World Council represent 99 million credit union members in the U.S. and 200 million members worldwide, respectively.
 
In letters to House and Senate state, foreign operations subcommittee leadership, the credit union trade associations requested reauthorization of the CDP program for FY2015 at its FY2014 funding level of $10 million. The CDP is a competitive grants program that responds to the needs of local credit unions and other cooperatives by utilizing the expertise and resources of long-established U.S. cooperative organizations, their members and volunteers.
 
"The CDP allows U.S. credit unions and other cooperatives to continue in a leadership role in reducing hunger and lifting people out of poverty. The resources that you make available to our cooperative development organizations generate positive impacts and results for millions of people in the developing world," wrote CUNA President/CEO Bill Cheney and World Council President/CEO Brian Branch.
 
In urging that Congress increase USAID development assistance to Ukraine, the joint letter said such an increase would "promote democracy as well as economic and social stability in that country."
 
Credit unions in Ukraine were restarted in the early 1990s after the dissolution of the Soviet Union with the support of World Council, the letter noted, and added that the 620 credit unions in Ukraine perform an important private-sector financial and development role for their approximately 1 million natural person members as well as for Ukrainian small and medium enterprises.


RSS





print
News Now LiveWire
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
19 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
19 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
21 hours ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
21 hours ago
CCUA hosts @TheNASCUS college for #creditunion directors http://t.co/CftpSXDKWx
1 day ago