Press

CUANY connects with Nepali co-op federation

ALBANY, NY (October 23, 2014) — Leaders from the National Cooperative Federation of Nepal (NCFN) were in Albany last week to discuss cooperative principles and the credit union movement with leaders from the Credit Union Association of New York (CUANY). The NCFN represents approximately 27,000 cooperatives comprised of nearly 4.7 million members throughout Nepal.

During their time at CUANY headquarters, the group reviewed the basics of the credit union system in the U.S., the different types of charters, credit union trends, important regulations and more. The meeting concluded with a free-flowing question-and-answer session that provided opportunities to exchange ideas and insights.

Following their meeting and tour of CUANY headquarters, the group next met with leaders and senior management from First New York FCU and CAP COM FCU, who provided the delegates with an overview of their financial and electronic products and services.

“It was an honor to host our cooperative peers from Nepal right here in Albany,” said CUANY President and CEO William J. Mellin. “Sharing ideas and open dialogue are cornerstone principals of cooperatives worldwide. We were proud to discuss the New York credit union philosophy and the importance of the credit union system with the leading figures in the Nepali cooperative movement.”

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