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CU System
Dykstra, Guatemala CUs Discuss Governance, Strategy
ONTARIO, Calif. (4/18/13)--Diana Dykstra, president/CEO of the California and Nevada Credit Union Leagues, conducted a workshop last week on governance and strategy with the board of directors of FENACOAC, Guatemala's national credit union trade association.  

Click to view larger image During an April 8 visit to Guatemala, California and Nevada Credit Union Leagues President/ CEO Diana Dykstra (center) met the full board and senior staff of FENACOAC, Guatemala's national credit union trade association, to discuss planning and strategy. (Photo provided by the California and Nevada Credit Union Leagues)

During the April 8 visit to the Central American country, Dykstra, FENACOAC CEO Oswaldo Oliva, and Victor Miguel Corro, vice president of the Worldwide Foundation for Credit Unions for the World Council of Credit Unions (WOCCU), also visited with the Superintendency of Banks, Guatemala's credit union regulator,  to advocate for credit union regulation.

"The level of cooperation between FENACOAC and the California and Nevada Credit Union leagues has helped propel the federation's board of directors and their initiatives," Oliva said.

The leagues have partnered with FENACOAC since 2009 as part of  WOCCU's International Partnerships Program, which connects developed and emerging credit union movements in collaborative and mutually beneficial partnerships. For more information, use the link.

Dykstra met with FENACOAC's full board and senior staff to discuss planning, strategy and how to forge a vision of the future in an organization. She emphasized the difference between board and staff responsibilities.

Oliva, Dykstra and Corro visited with the technical staff from the Superintendency of Banks. Dykstra described how the industry in the U.S. is regulated. The technical staff is working on a draft for a credit union law in Guatemala. The superintendency had asked for help in getting case studies for countries in which credit unions are successfully regulated and where the risk is well- managed. To see the studies, use the link.

Guatemala's MICOOPE system--implemented in 2008--comprises 25 credit unions that adopted a unified brand to help with public awareness, ease of transactions nationwide and growing credit union membership. The system has 1.2 million members. MICOOPE is self-regulated, with FENACOAC acting as the monitoring agent.

Members of the technical staff of the Superintendency of Banks and MICOOPE will meet with the California Department of Financial Institutions later this year.

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