Removing Barriers Blog

CUNA Writes to Senate Foreign Relations Committee in Support of Cooperative Development Program
Posted May 07, 2019 by CUNA Advocacy

Prior to the Committee’s hearing entitled, "Review of the FY 2020 USAID Budget Request," CUNA wrote to Chairman Risch and Ranking Member Menendez in support of funding for the Cooperative Development Program.   

Since 1971, WOCCU has offered nearly 300 technical assistance programs around the globe – all while serving the mission of improving lives through credit unions and other cooperative financial institutions. WOCCU’s programs provide education and international networking for the exchange of information and ideas. 

A main source of funding for WOCCU has been the Cooperative Development Program (CDP) of the Development Assistance account in the State-Foreign Operations and Related Programs Appropriations bill. Congress has recently provided annual appropriations of $12,000,000 to be available for cooperative development programs of USAID. The CDP is a global initiative that focuses on building capacity of cooperative businesses and cooperative systems for self-reliance, local ownership, and sustainability. This year, CUNA seeks an increase in the funding for these programs to $17 million.