WOCCU board unanimously approves CUDE resolution

WASHINGTON (7/30/10)--Following the lead from the United Nations designating 2012 as the International Year of Cooperatives, the World Council of Credit Unions' (WOCCU) board of directors unanimously passed a resolution--underscoring the cooperative nature of credit unions--by Credit Union Development Educators (CUDEs) at The 1 Conference in Las Vegas.

The resolution was sponsored by Melvin Edwards, the most recent past chair of WOCCU. He participated in a 2009 Development Educator training program to become a certified CUDE. The National Credit Union Foundation (NCUF) is the primary sponsor of the Development Educator (DE) program.

The resolution states that:

  1. Credit unions designate themselves more closely as financial cooperatives within a wider cooperative sector that includes production and service cooperatives;

  2. The designation as financial cooperative focuses on credit unions' distinct business model, ownership structure and cooperative principles in preparation for the International Year of Cooperatives and pursuance of increased member advantages and benefits;

  3. Based on the track record of the DE movement--2,500 DEs from over 60 countries--its international structure and representation, that DEs participate as a key resource in the educational component role necessary to articulate and highlight credit unions' role as financial cooperatives within the larger cooperative system; and

  4. The 97 countries where credit unions thrive and serve should be urged to have their respective governments also, in 2011, declare their support and active participation in the 2012 International Year of Co-operatives.

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