WASHINGTON – Despite COVID-19, remittance flows remained resilient in 2020, registering a smaller decline than previously projected, a new report shows.
THE globe
CU News From Around the Planet
JERUSALEM–Israel’s central bank said it is once again considering issuing a digital shekel that would create a more efficient payments system.
PURCHASE, N.Y.—Mastercard said it was working with the Chinese central bank – the People’s Bank of China – to discuss the prospect of making its planned digital yuan interoperable across borders.
MADISON, Wis.–Among the areas of expertise many credit union associations have had to build in the pandemic of the past 15 months is the ability to effectively host virtual annual general meetings.
BELFAST, Ireland–New research among Ireland’s citizens has found 58% of people who do not use a credit union as their main financial institution would consider switching their day-to-day banking if they were aware of the full range of CU services available from them.
ATHLONE, Republic of Ireland–Two credit unions here have been forced to suspend a practice unique to CUs in this country—member prize draws.
MADISON, Wis.––The World Council of Credit Unions said it will host a webinar in June titled “Sharing Digitization Strategies Among Credit Unions & Cooperative Banks.”
LIMA, Peru– The Economic Inclusion Project, which is funded by USAID and the World Council of Credit Unions, is celebrating the graduations of more than 500 new entrepreneurs from its School of Dreamers in Peru and Entrepreneur Camp in Ecuador.
DUBLIN, Ireland–Flush with so much in deposits that some credit unions have capped member accounts, a group of about 40 CUs in this country are taking advantage of a relaxation of investment restrictions in 2018 to invest more than €150 million in a corporate bond fund.
BASEL, Switzerland–In a move the World Council of Credit Unions says deserves watching, the Basel Committee on Banking Supervision published two reports related to climate change.