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CU System
Fox Crear call for personal leadership during econ crisis
BARCELONA, Spain (7/28/09)--New levels of leadership and responsibility from all credit union executives will be key to helping the global credit union movement overcome the global economic crisis while maintaining its member service advantage. That was the message from two Monday speakers at the World Council of Credit Unions’ (WOCCU) World Credit Union Conference in Barcelona, Spain.
Click to view larger image Credit union representatives need to find their leadership within, said Vicente Fox, former president of Mexico and credit union supporter, during Monday’s general session at the World Council of Credit Unions’ World Credit Union Conference in Barcelona, Spain. (Photos provided by the World Council of Credit Unions)
“We need to discover our leadership within and commit ourselves to others,” said Vicente Fox, who spoke during the keynote address at the conference. He is a former president and Mexico and a credit union supporter. Prosperity leads to democracy, and credit unions contribute significantly to increasing prosperity, especially in developing countries, Fox added. “Credit unions are defined by two words: performance and purpose,” he said. “You perform well because you are a system strengthened by purpose, which is the key ingredient of the credit union movement.”
Click to view larger image Pete Crear, World Council of Credit Unions president/CEO, told attendees of the 2009 World Credit Union Conference that credit unions’ return on investment is in members served, and not in dollars earned.
Pete Crear, WOCCU president/CEO, echoed Fox’s thoughts. He encouraged credit union executives and volunteers to stay true to serving members. Given the global economic situation, members have never needed their credit unions more, and there are frequent indicators that the principles driving the credit union movement also have strengthened its performance, he said. “Credit unions are about people, not profits,” Crear said. “Our return on investment is never fully measured in dollars earned, but in members served, and in many cases, lives saved as a result of those efforts.” The conference kicked off Sunday with a Young Credit Union People workshop and a gathering of 80 leaders from Africa’s savings and credit cooperative movement. An opening ceremony and welcome address by WOCCU Chair Melvin Edwards also was held. “We are in service to a higher purpose of helping people worldwide gain financial strength and stability,” Edwards said. “Let us conspire here in Barcelona to solidify and strengthen the revolution of hope among the members we serve. Our mission going forward is to secure access to cooperatively owned financial institutions for all those who need and want it.”
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