Three-decade career with global credit union organization will end in summer 2021
January 14, 2021
MADISON, Wis. World Council of Credit Unions congratulates its President and CEO Brian Branch upon the announcement of his retirement, effective July 2021.
Dr. Branch has enjoyed a career that has spanned 31 years with World Council. Branch was promoted to his current position in 2011, and will retire as one of the longest serving presidents and CEOs in World Council history.
During his career with World Council, Branch traveled to and worked in 104 countries, developing programs to start credit unions, conduct management training, expand outreach, build networks, improve regulatory environments and introduce technological innovations.
A year marked by COVID-specific regulations still included victories for credit unions
January 07, 2021
WASHINGTON World Council of Credit Unions continued in 2020 to successfully advocate before international standard setting bodies on behalf of the global financial cooperative movement. Here are World Council’s Top 10 International Advocacy Success Stories of the year.
1. Basel AML/CFT Guidance includes World Council Recommendations on Proportionality/Financial Inclusion
The Basel Committee on Banking Supervision issued an updated version of its guidelines on
, with guides on the interaction and cooperation between prudential, and anti-money laundering and combatting the financing of terrorism (AML/CFT) supervisors. The issuance specifically included World Council-recommended language stating that AML/CFT burdens should be proportional and risk-based, informed by banks’ own risk assessment of ML/FT risks. Further, with respect to member/customer due diligence, the gu
World Council details Top 10 Advocacy Successes of 2020
A year marked by COVID-specific regulations still included victories for credit unions
MADISON, WI (January 7, 2021) World Council of Credit Unions continued in 2020 to successfully advocate before international standard setting bodies on behalf of the global financial cooperative movement. Here are World Council’s Top 10 International Advocacy Success Stories of the year.
1. Basel AML/CFT Guidance includes World Council Recommendations on Proportionality/Financial Inclusion
The Basel Committee on Banking Supervision issued an updated version of its guidelines on
, with guides on the interaction and cooperation between prudential, and anti-money laundering and combatting the financing of terrorism (AML/CFT) supervisors. The issuance specifically included World Council-recommended language stating that AML/CFT burdens should be “proportional and risk-based, informed by banks’ own risk assessment of ML/FT risks.
By Miles Hadfield
The global movement responded to the unprecedented challenges of Covid-19 – but continued to innovate and spread its model as well
January
Australia’s co-ops and credit unions spring into action as the devastating bushfires sweep across the country. The response includes fundraising, community support and help for affected colleagues.
The Greater Manchester Co-operative Commission, created by metro mayor Andy Burnham to find mutual solutions for the regional economy, releases its report. It recommends the city be designated a Co-operative Zone with dedicated business support for co-ops.
Co-operation Town, a new network of community food co-ops, kicks of the year with ambitious plans to create grassroots food collectives across the UK.
A New Decade, A New Goal
In 2014, World Council of Credit Unions set a goal of reaching 260 million credit union members worldwide by 2020.
Through a concentrated worldwide effort, credit unions were able to reach our Vision 2020 goal by 2017. But that growth was not even across all countries or among all credit unions. The credit unions that grew were those that offered core services via online and mobile channels. That is why we are now addressing how we increase membership going forward
through the digitization of the global credit union system by 2025.
Measuring Global Digitization
World Council will measure the digitization of credit unions in four key areas and report annually on the progress being made toward