CU News From Around the Planet
CHISINAU, Moldova — Four representatives of the Idaho Credit Union League visited with the Central Association of Savings and Credit Associations (CASCA) of Moldova in Eastern Europe to sign a partnership agreement, the newest of 20 international partnerships managed by the World Council of Credit Unions.
DUBLIN, Ireland—Ireland’s Catholic parents are being forced into unholy financial alliances in order to pay for their children’s first Holy Communions, according to one analyst here.
BRUSSELS — The European Parliament Credit Union Interest Group, a caucus for Members of The European Parliament (MEPs) who support credit unions, met with European credit union leaders here to discuss how regulatory burden affects credit unions' efforts to promote financial inclusion.
ST. CATHARINES, Ontario — The downtown performing arts center here has a name: The FirstOntario Performing Arts Centre. The $60-million facility will open in the Autumn of this year with a new name that reflects a $3-million contribution by the credit union, which has acquired naming rights for 25 years.
DUBLIN, Ireland—After a contentious vote for president of the Irish League of Credit Unions here, including the involvement of the country’s High Court, the election has taken place and a winner has been named.
BELFAST, Ireland—Ireland’s High Court has granted an emergency injunction to stop the Irish League of Credit Unions holding an election for its new president.
JERUSALEM, Israel—This country’s banking system is currently not equipped to make credit available to poor and underserved populations, according to a study by the Milken Institute.
DUBLIN—Ireland’s credit unions are exploring a plan under which €4-billion would be made available to finance mortgages in this country, an amount that the Independent described as enough to put “put banks under serious competitive pressure.”
MONROVIA, Liberia — Nine months after suspending operations in this country due to a breakout of the Ebola virus, the World Council of Credit Unions is reporting it has revived its model credit union building project that aims to bank 40,000 Liberians previously without access to financial services.
LVIV, Ukraine — World Council of Credit Unions' board met here with leaders of its member organization, Ukrainian National Association of Savings and Credit Unions (UNASCU), seeking to better understand challenges facing that country’s credit unions.
