MADISON, Wis.–The Worldwide Foundation for Credit Unions, the charitable and engagement arm of World Council for Credit Unions, said it is disbursing the first $50,000 from its Ukrainian Credit Union Displacement Fund to the Podolsk Regional Development Agency (PARD), a Ukrainian non-governmental organization.
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CU News From Around the Planet
NAIROBI, Kenya–A significant fundraising effort is underway to create a first-of-its-kind Academy to bring much-needed education and training to credit unions across Africa.
DUBLIN, Ireland–Twelve of Ireland’s largest credit unions are significantly expanding services to members through an agreement with Irish Life Financial Services to include financial advising, including in areas such as pensions and investments.
LONDON—Barclays Bank has formed a strategic partnership with corporate venture builder Rainmaking, through which it will launch a new suite of initiatives aimed at global fintechs.
LONDON––A new initiative in the United Kingdom is urging a first-of-its-kind collaboration between central banks, regulators, commercial banks and other financial institutions towards the exploration of a retail central bank digital currency (CBDC) in the country.
WASHINGTON—The Worldwide Foundation for Credit Unions (WFCU) has launched a fundraising effort in support of Ukrainian credit unions being affected by the Russian military invasion of that country.
MADISON, Wis.—The World Council of Credit Unions has named three keynoters for its upcoming 2022 World Credit Union Conference, scheduled for July 17–20 July in Glasgow, Scotland.
Ian Khan
WASHINGTON—International financial institutions have received the go-ahead from the U.S. Treasury Department to allow money transfers to Afghanistan for humanitarian purposes, including an OK for aid groups to pay teachers and healthcare workers at state-run institutions without issue.
MADISON, Wis.–The World Council of Credit Unions is encouraging its member associations and credit unions to apply for its 2022 Digital Growth Award, which will recognize one or more member credit union associations or individual member credit unions for successfully working toward its Challenge 2025 goal of “expanding digital transformation across the globe.”
LONDON—Some countries are ranking significantly higher in the share of citizens owning digital assets, as cryptocurrencies move to the mainstream, with more people embracing different assets for various purposes, including investment.