SYDNEY, Australia–Credit unions in the United States have been given some hard-earned advice on what’s necessary to protect and preserve the federal tax exemption from a CU in a country where the exemption has been lost.
THE globe
CU News From Around the Planet
QUITO, Ecuador–Officials with World Council of Credit Unions’ (WOCCU) Economic Inclusion Project and the Central Bank of Ecuador have signed a cooperation agreement to coordinate activities aimed at promoting financial inclusion among the Venezuelan migrant and refugee population, as well as vulnerable local residents in Ecuador.
LONDON, Ontario–For the 16th consecutive year, Canada’s credit unions have won the overall Customer Service Excellence Award from Ipsos as part of its 2020 Financial Service Excellence Awards.
LISBON, Portugal – European and American officials announced the arrest of 20 people in multiple countries for allegedly belonging to an international ring that has laundered millions of euros stolen by cybercriminals through malware.
HONG KONG - China has concluded its largest-ever pilot project to date for a central bank-backed digital yuan, with analysts saying the trial extended the country’s lead in the global race to develop a central bank digital currency (CBDC).
MADISON, Wis.—World Council Young Credit Union Professionals’ (WYCUP) alumni and scholarship winners reflected back on their achievements and ahead to future growth during a virtual 20th anniversary celebration featuring stories about the program’s influence from across the globe.
KEW, Victoria, Australia–Gamblers in Australia will not be able to use their credit union’s credit card.
DUBLIN, Ireland–Ireland’s Ministry for Finance has reduced the two main regulatory levies imposed on credit unions to provide them with financial head room amid the COVID-19 crisis
MADISON, Wis.–During the 72nd annual International Credit Union Day celebration last week more than 100 credit unions across six continents “bombarded” social media with stories throughout the day, according to the World Council.
STOCKHOLM, Sweden—Lenders in a country at the center of one of Europe’s largest dirty-cash scandals are testing a new anti-money-laundering system that doesn’t interfere with banking privacy.