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WOCCU welcomes new members
GDANSK, Poland (7/19/12)--One new credit union trade group and one newly revived one have joined the World Council of Credit Unions (WOCCU). The two new members and four organizations that have joined WOCCU since July 2011 were announced Monday at WOCCU's 2012 annual general meeting, held in conjunction with the World Credit Union Conference this week in Gdańsk, Poland.

Federación Nacional de Cooperativas de Ahorro y Crédito Financieras (FECOLFIN), which represents Colombia's largest credit unions, joined WOCCU as a direct member. FECOLFIN was chartered in March and may be the world's newest credit union association, said WOCCU. Part of the group's growth strategy includes membership in WOCCU. Jaime Chavez, the trade group's CEO, was present at the meeting to accept the WOCCU flag denoting its membership.

The Liberian Credit Union National Association (LCUNA) joined WOCCU as an affiliate member. Liberia's credit unions have existed for a while, but political conditions within the country had rendered the credit unions and their trade association inactive. With support from the Liberian government and its central bank, the country's credit unions and LCUNA are once again functional. However, no LCUNA representatives were able to attend the meeting.

Other new members approved since the 2011 annual general meeting and present at this year's meeting included the Central Association of Savings and Credit Associations (CASCA), which represents Moldova's credit unions as a direct WOCCU member. CASCA Executive Director Efim Lupanciuc accepted the WOCCU flag.

New associate members honored included Credit Union Direct, which administrates an auto lending network in the U.S.; Credit Union Shared Services Cooperative Ltd. (CUSSCO), a credit union service organization owned by Capital CU Ltd. and Scotwest CU, both located in Scotland, U.K.; and Cooperativa Médica del Valle, a cooperatively owned financial holding company based in Colombia. Credit Union Direct's Jerry Neeman and CUSSCO's Marlene Shiels were on hand to accept the WOCCU flags denoting their memberships.

The World Credit Union Conference ended Wednesday.

World Council of Credit Unions (WOCCU) Director Manfred Dasenbrock (left) presents Jaime Chavez, who represents an association of Colombia's largest credit unions, with a WOCCU flag signifying membership at the World Credit Union Conference this week in Gdańsk, Poland.  Grzegorz Bierecki (left), World Council of Credit Unions first vice chair, welcomes Efim Lupanciuc and CASCA into membership.
Former World Council of Credit Unions (WOCCU) Chair Barry Jolette (right) presents CU Direct's Jerry Neeman with a WOCCU flag.  

Louise Petschler (left), World Council of Credit Unions (WOCCU) secretary, welcomes Credit Union Shared Services Cooperative Ltd.'s Marlene Shiels, a former WOCCU director, into membership. (Photos provided by the World Council of Credit Unions)
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