Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
WOCCU 30 microloans a good holiday gift
A credit union loan helped Sri Lanka fisherman Sebastian Lusion repair his boat and  provide for his wife and three kids. Bank loans are hard for fishermen to obtain in Sri Lanka. Microloans of $30 are available to give as gifts through the Worldwide Foundation for Credit Unions' holiday campaign. (Photo provided by the World Council of Credit Unions)
MADISON, Wis. (11/17/11)--Credit union boards of directors and staff can give gifts easier this year through the Worldwide Foundation for Credit Unions' holiday campaign, said the World Council of Credit Unions (WOCCU).

The campaign encourages credit union advocates to make donations to support microbusiness loans in other countries on behalf of their 2011 holiday gift recipients.

Gifts of $30 will help WOCCU support farming and microbusiness loans to credit union members in Haiti, Sri Lanka, Ethiopia and Afghanistan.

The loans can make the difference between a self-sufficient small business and a family left in need, WOCCU said.

"This is a great holiday gift alternative for board members and credit union staff," said Valerie Breunig Worldwide Foundation executive director.

"Instead of giving typical corporate gifts, holiday donations will help empower the working poor in developing countries," she added. "As each small loan is repaid, donations keep circulating, helping more and more hardworking families reach financial stability."

All Holiday donors will receive a recognition card to acknowledge the donation made on their behalf.

To make a donation, use the link.
Other Resources

RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
1 Day ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 Day ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
1 Day ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
1 Day ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
1 Day ago