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Local Government Federal Credit Union (LGFCU) contributes $50k to The ACCOSCA Academy to improve African communities through credit union professional education

RALEIGH, NC (May 3, 2022) — LGFCU announced today its $50,000 contribution toward The ACCOSCA Academy, a project of African Confederation of Cooperative Savings & Credit Associations (ACCOSCA), to enable employees of African SACCOs (Savings and Credit Cooperatives) to participate in education and training. The Academy will increase competencies at all levels, prepare leaders, and will introduce new ideas and effective problem-solving strategies.

“The Cooperative Principle that promotes cooperation among cooperatives does not just apply to our local neighborhoods. We are all connected in one worldwide community. Our support of the ACCOSCA Academy benefits all cultures, communities and cooperatives,” said Maurice Smith, CEO, Local Government Federal Credit Union (LGFCU).

The ACCOSCA Academy will meet the socio-economic needs of African villages and cities, neighborhoods and nations through the SACCO network of institutions. Working with government and development agencies, research institutions, companies and individuals, The ACCOSCA Academy, National Associations, and SACCOs are committed to directly serving African people not generally served by the formal financial sector.

“The Government of Kenya acknowledges efforts made by ACCOSCA in spearheading policy development and technical assistance at both national and continental level. With ACCOSCA’s dream to launch a center of excellence for cooperatives coming to fruition, I am confident of the sector’s growth and vibrancy now and into the future. We acknowledge the efforts being made to establish ACCOSCA Academy. Its contribution in supporting and improving Sacco/Credit Union regulatory position will be impactful,” said PS Ali Noor Ismail, CBS, Principal Secretary, State Department for Cooperatives, Nairobi, Kenya.

The ACCOSCA Academy will reach SACCO staff, management, board members, regulators, and community members in 27 African countries representing more than 750 million consumers and has already received incredible financial support from African SACCOs. Currently, America’s credit unions along with their partners are organizing to raise $1.2 million for The ACCOSCA Academy to cross the finish line.

To learn more about The ACCOSCA Academy and opportunities to pledge support including the upcoming Climb Africa fundraising event, visit Climb Africa or https://accosca.org/accoscaacademy/


About Local Government Federal Credit Union (LGFCU)

Local Government Federal Credit Union (LGFCU) is a not-for-profit, full service financial cooperative which follows the cooperative principles adopted by credit unions worldwide. We are member-owned and democratically controlled. This means each member has one vote in how LGFCU is run, regardless of his or her personal investment in the Credit Union. Local Government Federal Credit Union (LGFCU) was founded in 1983. Our assets currently exceed $3 billion and more than 380,000 members are served by LGFCU, representing all of North Carolina's 100 counties and 540 towns, cities and villages. LGFCU is dedicated to providing services exclusively to local government employees, elected/appointed officials, volunteers and their families.

About ACCOSCA

ACCOSCA is the Pan-African confederation of national associations of savings and credit cooperatives societies. ACCOSCA opened its doors in 1968 and is currently being governed by domicile laws and the ACCOSCA constitution. It enjoys goodwill gestures from its members and other stakeholders that are keen on making Africa a better place to live. The General Assembly, which currently comprises twenty-seven countries, is the highest organ of the organization. The General Assembly is held annually and is rotated within the region. It ensures that the activities of ACCOSCA remain relevant in meeting the challenges faced by Africa.

Contacts

Donna Gonyeau
Public Relations Manager
919.755.0534 | donna.gonyeau@lgfcu.org

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