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Puerto Rico credit union assessment

MALBOROUGH, MA (May 17, 2018) — The World Council of Credit Unions in concert with Massachusetts-based Cooperative Credit Union Association (CCUA) and the National Federation of Community Development Credit Unions are conducting a joint assessment of credit union conditions on the island of Puerto Rico, including consultations with representative credit union groups and the regulator. Join this group for a live webcast.

What: Mike Ostrowski, President and CEO of Arrha Credit Union, a World Council supporter, will conduct a webcast from Puerto Rico with Brian Branch, World Council of Credit Unions President and CEO; and Pablo DeFilippi, Senior Vice President, Membership and Network Engagement, National Federation of Community Development Credit Unions; about this volunteer mission as Puerto Rico continues to deal with challenges to the credit union system and infrastructure.

Other volunteers participating in this mission include: Charlene Bauer, Senior Vice President, Outreach, Advocacy & Chief Development Officer, Metro Credit Union, also a World Council supporter; Jodi Rathbun-Briggs, Senior Vice President/Chief Lending Officer, Greylock Federal Credit Union; Jeff Gerard, Senior Vice President/Chief Risk Officer, Greylock Federal Credit Union; and José Julián Ramírez Ruiz, Executive Director, Asociación de Ejecutivos de Cooperativas de Puerto Rico.

When: Thursday, May 17, 2018 at 5:00 pm Eastern Daylight Time (EDT)

Where: Connect to a live webcast from San Juan. Be advised that given the current state and infrastructure in Puerto Rico, there may be technical difficulties.

Link: Visit https://www.ccuassociation.org/pr-cu-assessment to view webcast. Viewers may send questions before or during the webcast to questions@CCUA.org.


About Cooperative Credit Union Association

The Cooperative Credit Union Association is a regional trade organization serving as the voice for nearly 180-member credit unions primarily located in the States of Delaware, Massachusetts, New Hampshire, and Rhode Island. CCUA member credit unions hold combined assets in excess of $59 billion and serve a collective membership base of more than 4.5 million consumers. Together, CCUA credit unions provide over $413 million in direct financial benefits to their members annually. Last year, the credit unions contributed more than $21 million to support nearly 6,700 organizations in their communities. For more information, visit www.CCUA.org.

About National Federation of Community Development Credit Unions

The National Federation of Community Development Credit Unions (Federation) is a certified CDFI intermediary representing community development credit unions (CDCUs). The Federation’s member CDCUs provide credit, savings, transaction services and financial education to almost eight million residents of low- and moderate-income urban, rural and reservation-based communities across the US, and hold over $80 billion in community-controlled assets. Founded in 1974, the Federation is headquartered in Lower Manhattan with offices in Madison, WI. The Federation offers a wide range of advocacy, educational, training, investment, marketing, and outreach programs to support and assist CDCUs. For more information about the Federation and its programs, visit www.cdcu.coop and connect with the Federation on FacebookLinkedIn and Twitter.

About World Council of Credit Unions

World Council of Credit Unions is the global trade association and development platform for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions’ financial performance and increase their outreach. World Council has implemented 300+ technical assistance programs in 89 counties. Worldwide, 68,882 credit unions in 109 countries serve 235 million people. Learn more about World Council’s impact at www.woccu.org.

Contacts

Dean Martino
508-509-6642
dmartino@ccua.org

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