Worldwide Foundation for Credit Unions Salutes Major Donors to the Ukrainian Credit Union Displacement Fund
MADISON, WI (March 23, 2022) — Worldwide Foundation for Credit Unions announced March 23 that nearly 20 organizations in the credit union sector had donated or pledged sums of at least $10,000 to its Ukrainian Credit Union Displacement Fund. Those include:
$100,000
- California and Nevada Credit Union Leagues
- California Credit Union*
$75.000
- Corporate America Credit Union
$25,000
- Oregon State FCU
- Peach State FCU
- WE Florida Financial
$10,000
- Alaska USA Federal Credit Union
- CUNA Mutual Group Foundation
- Illinois Credit Union Foundation
- Georgia United Credit Union Foundation
- Greater Nevada Credit Union
- Mountain West Credit Union Foundation
- Northwest Credit Union Foundation
- Patelco Credit Union
- Salal Credit Union
- Sound Credit Union
- UW Credit Union
The total of all donations made to the Displacement Fund to date stands at just over $480,000.
“The generosity of our U.S. and international credit union communities has been overwhelming. Individuals and institutions are stepping forward to assist in the relief of displaced Ukrainian credit union members and citizens in conjunction with supporting our plans to aid in the recovery of Ukraine’s credit union system. Our task force, comprised of internal and external stakeholders will strategically deploy this critical resource in helping address the short and long term needs of our Ukrainian credit union colleagues,” said Mike Reuter, Worldwide Foundation for Credit Unions Executive Director.
WFCU disbursed the first $50,000 from its Ukrainian Credit Union Displacement Fund to the Podolsk Regional Development Agency (PARD), a Ukrainian non-governmental organization that is providing humanitarian assistance to hundreds of refugees from Kyiv, Kharkiv, Mariupol, Kherson, Melitopol and other cities who are seeking refuge in the Vinnytsia region of western Ukraine.
In the long term, World Council of Credit Unions (WOCCU) stands ready to fulfill its core mission of improving lives through credit unions. Using donations to the Displacement Fund, WOCCU will work closely with Ukrainian and other regional credit union partners to identify the biggest needs for recovery and rebuilding.
WOCCU anticipates there will be a demand for re-establishing a prudent regulatory and operating environment that will allow credit unions to focus on individual needs, support of small and medium enterprises (SMEs) and agricultural lending designed to help in the economic recovery of the Ukrainian people. WOCCU can provide this assistance in Ukraine and in any other countries where credit unions are well positioned to continue to serve Ukrainian refugees.
*California Credit Union pledged to match all donations made by its employees and members through April 30, up to a total of $100,000.
About Worldwide Foundation for Credit Unions (WFCU)
Worldwide Foundation for Credit Unions is committed to elevating awareness and encouraging the global credit union community to support Maui’s credit unions and member communities. WFCU will stay up to date on the Maui wildfires and provide updates to its champions and peers worldwide.
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 90 countries. Worldwide, 87,914 credit unions in 118 countries serve 393 million people. Learn more about World Council's impact around the world at www.woccu.org.
