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Credit union industry exceeds goal of CUNA Mutual Group challenge by donating nearly $1.3 million to Worldwide Foundation for Credit Unions

Generosity ensures $1 million in matching funds for World Council of Credit Unions

MADISON, WI (August 3, 2021) — Credit unions and other industry groups donated nearly $1.3 million to Worldwide Foundation for Credit Unions in just over three months to meet the CUNA Mutual Group Challenge and ensure $1 million in matching funds for World Council of Credit Unions.

CUNA Mutual Group, the largest international provider of insurance and retirement services to credit unions, launched the Challenge in April to help support World Council’s work to champion and grow credit unions and cooperative finance worldwide.

Challenge donations to Worldwide Foundation, the charitable and engagement arm of World Council, helped advance the purpose of four key initiatives:

  • Credit union development;
  • Project Storm Break relief aid;
  • Global Women’s Leadership Network (GWLN); and
  • World Council Young Credit Union Professionals (WYCUP).

As importantly, the Challenge offered Worldwide Foundation a chance to reinforce its brand as the industry’s gateway to an international credit union journey for institutions and individuals through its Global Bridges program.

“I went on a 2018 Worldwide Foundation Field Engagement to Thailand and gained a new understanding of how credit unions there where prioritizing the social welfare of their communities. I brought that back to North Carolina and wove it into our strategic plan, which will allow us to better serve members and be more competitive,” said Maurice Smith, CEO of Local Government Federal Credit Union and Civic Federal Credit Union, which both donated to the Challenge. “To appeal to credit union leaders in the United States on the important missions of both the World Council and Worldwide Foundation, we must show how they provide value in advancing our own institutions. We can broaden our horizons by going to the World Council and asking, ‘how is the rest of the credit union world operating and servicing members?’’

CUNA Mutual Group’s matching contribution of $1 million comes as World Council celebrates its 50th anniversary in 2021, positioning the organization to successfully support credit unions in growing economies by promoting financial inclusion, strengthening institutions, and providing policy and regulatory support for the next 50 years.

“The contributions made as part of this challenge will go a long way in providing disaster relief, financial education and empowerment to women and young professionals in areas that need it most,” said Robert N. Trunzo, President and CEO of CUNA Mutual Group. “The credit union leaders that stepped up to this challenge to not only meet the goal, but beat it, have demonstrated the cooperative spirit of our industry and proven we’re stronger together.”


About World Council of Credit Unions

World Council of Credit Unions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Contacts

Greg Neumann
E-mail: gneumann@woccu.org
Phone: +1 608-395-2048

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