Removing Barriers Blog

Strong International Credit Union Language Included in Appropriations Bill
Posted July 20,2017 by CUNA Advocacy

On Wednesday, the House Appropriations Committee considered the Fiscal Year 2018 State,  Foreign Operations, and Related Programs Appropriations Act.  The legislation passed the Committee by a vote of 30-22. 

The bill's report contains strong support for international credit unions.  The bill also contains $12 million for the Cooperative Development Program at the U.S. Agency for International Development.  At the end of June, CUNA and the World Council of Credit Unions (WOCCU) wrote to House and Senate appropriators to push for international credit support last month.  The final bill included language which was stronger than language recommended by CUNA and WOCCU. 

“The Committee directs the USAID Administrator to consult with the Committees on Appropriations on cooperative development programs for financial systems including how the U.S. Agency for International Development is complying with the requirements of 22 U.S.C. § 2151i(2),” the report reads. 

WOCCU receives partial funding through USAID programs to further its mission to, “Reduce Poverty through Sustainable Community Based Financing of Private Entrepreneurship and Agriculture.” CUNA and WOCCU greatly appreciate the work done by Congressman Tom Rooney (R-FL) who fought to include this language in the bill report and applaud the Committee for their continued support.  

As Congress continues the appropriations process for FY 2018, CUNA and WOCCU will continue to urge funding for the CDP in order for WOCCU to continue important programs of promoting democratic principles in the developing world and teaching self-reliance rather than reliance on state structures.