Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Brazil CUs have growth aspirations cooperation
RIO DE JANEIRO, Brazil (1/28/08)--Growth and cooperation are the keynotes of the UNICRED Brazilian credit union system, said a member of the small group of U.S. credit union executives taking part in the World Council of Credit Unions (WOCCU) Brazilian Engagement Program last week.
Dr. Denise Damian, UNICRED Brazilian credit union system president/CEO, taught a course Friday on financial management to credit union members as part of the World Council of Credit Unions Brazil Engagement Program conducted last week for a small group of U.S. credit union executives. (Photo provided by the World Council of Credit Unions)
UNICRED is a credit union system serving Brazil’s healthcare sector. It has roughly 140 member credit unions, serving more than 153,000 members through 396 points of service in Brazil’s 27 states. Growing membership wisely is UNICRED’s main goal, Rod Staatz, president/CEO of State Employees CU, Baltimore, told News Now. One credit union in Rio de Janeiro seeks to grow from its current 20,000 member-level to 50,000 members, Staatz said. “Credit unions in Brazil and the U.S. both are interested in growth,” Staatz said. “They also have the same challenges in several respects. Brazilian credit unions have to keep up with the services that banks are offering and also need to raise sufficient capital to do so, which is similar to the situation that U.S. credit unions face.” As for differences between the countries’ systems, the U.S. can learn from the higher level of cooperation among Brazil’s credit unions, Staatz said. UNICRED has 140 credit unions banded into nine groups trying to standardize products and back-office procedures, he added. “This paves the way for reduced costs and a standard brand,” Staatz explained. “UNICRED is basically working toward offering the same products and services--the same brand--for all 140 of its member credit unions.”
Other Resources

RSS





print
News Now LiveWire
Record # of applicants for Crash the GAC means every state & D.C. will B represented by young #CU professional at #CUNAGAC #crashthegac15
13 hours ago
.@WOCCU and @CUNA are co-hosting 2015 America’s CU Conference July 12-15 in Denver. Registration is open here: http://t.co/FanFeaO0bC
13 hours ago
Recording of @CUNA Jan. 26 #rbc2 webinar is now available online here: http://t.co/jgxkd65Fj0 Just sign in and listen.
14 hours ago
.@SEC_News 2/19 proxy voting roundtable: contested director elections, increasing retail shareholder participation http://t.co/8k0p6ZvNL8
14 hours ago
.@TheNCUA posted resources 2 help consumers protect themselves,take action if they believe they were ID theft victims:http://t.co/HVaikbuT9H
15 hours ago