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Volume 5, Issue 2 • May 2003 The Source for International Credit Union Information World Council of Credit Unions, Inc. Board of Directors Gerry Foley Joanne DeLaurentiis Chairman; Ireland Delegate; Canada Irish League of Credit Unions (ILCU) Credit Union Central of Canada (CUCC) Robert McVeigh Rose Dorman 1st Vice Chairman; Canada Delegate; Great Britain Credit Union Central of Canada (CUCC) Association of British Credit Unions, Ltd. Gary Plank (ABCUL) Executive Forum 2nd Vice Chairman; USA Michael Fenech A Term in Perspective . .1 Credit Union National Association (CUNA) Delegate; Australia Melvin Edwards Credit Union Services Corporation Feature Article Treasurer; Caribbean (Australia) Ltd. (CUSCAL) Imaginative Leadership Caribbean Confederation of Credit Unions Virginio Rafael Gerardo for a Better (CCCU) Delegate; Dominican Republic Dave Chatfield Association of Rural Credit Unions (AIRAC) Tomorrow . 2 – 3, 16 – 17 Secretary; USA Joscelyn Jolly Global Advocacy Credit Union National Association (CUNA) Delegate; Caribbean Grzegorz Bierecki Caribbean Confederation of Credit Unions Helping the World’s People Director; Poland (CCCU) Help Themselves . 4 – 5 National Association of Cooperative Savings Petro Kozynets & Credit Unions (NACSCU) Delegate; Ukraine People-to-People Marcel Chorel Ukrainian National Association of Savings & Bolivia-Ohio: Learning Director; Canada Credit Unions (UNASCU) Credit Union Central of Canada (CUCC) Luke Leonard from Challenges . .6 Síncrito Cifuentes Delegate; Ireland Belize CUs to Director; Guatemala Eccu Assurance Company Ltd. (ECCU) Expand Services . .7 National Federation of Credit Unions Jim McMahon Global Trends (FENACOAC) Delegate; Ireland Ron Hance Irish League of Credit Unions (ILCU) Remittances and the Director; USA Lyubov Olovyannikova CU Difference . .8– 9 Credit Union National Association (CUNA) Delegate; Russia CUs Snatch Barry Jolette Russian Credit Union League (RCUL) Up .coop . 19 Director; USA Charles Yip Credit Union National Association (CUNA) Delegate; Asia Knowledge Sharing Sylvester Kadzola Association of Asian Confederation of Credit Interview with Director; Malawi Unions (ACCU) Forum Keynoter Malawi Union of Savings & Credit Co-oper- Elizabeth Quiste atives, Ltd. (MUSCCO) Delegate; Bolivia Jerry Linenger . .10 – 11 Neil W. McDonald The Technical Association of Credit Unions Spotlights on Development Director; New Zealand (ATC) New Zealand Association of Credit Unions Catherine Roberts Rwanda: Rebuilding a (NZACU) Delegate; USA Country and its Rob Nicholls Credit Union National Association (CUNA) CUs . .12 – 13,18 Director; Australia Joel Ruhu Credit Union Services Corporation Delegate; Kenya Movement Highlights (Australia) Ltd. (CUSCAL) Kenya Union of Savings and Credit Co-operatives Ltd. (KUSCCO) Member Updates . .14 – 15 José Manuel Rabines Director; Peru Jack Smit Supporters Corner National Federation of Credit Unions of Delegate; Canada CMG: Continuing Peru (FENACREP) Credit Union Central of Canada (CUCC) Its Support . .20 Arthur Arnold Lon Sprecher President & CEO; Ex-officio to the Board Delegate; USA WOCCU Supporters . .21 World Council of Credit Unions, Inc. CUNA Mutual Group (WOCCU) Special Insert Jacinto Villarreal International Credit Union General Assembly Delegate; Panama Forum 2003 Credit Union Guaranty Fund Corporation of Marco Alcerro Panama (COFEP) Brisbane, Australia — Delegate; Latin America Last Chance to Register! Latin American Confederation of Credit Ramón Imperial Zúñiga Unions (COLAC) Delegate; Mexico Caja Popular Mexicana (CPM) Juan Altamirano Credit Union World Delegate; Nicaragua Executive Staff Financial Credit Unions Central of Published by World Council Arthur Arnold of Credit Unions, Inc. Nicaragua (CCACN) President & Chief Executive Officer Publishing and Editorial Staff Paul Armbruster Mary Chapman Delegate; Germany Vice President & Chief Financial Officer Publisher: Kecia L. Doyle International Raiffeisen Union (IRU) Marketing Communications Manager Brian Branch Claude Béland Vice President Editors: Kimberly Johnston Delegate; Canada Lucy Ito Marketing Communications Officer International Cooperative Banking Vice President Association (ICBA) Kristine Hansen Interim Marketing Communications Officer Modesto Segovia Boltes Delegate; Paraguay Designer: Denise E. Knudsvig National Credit Union Confederation, Ltd. Desktop Publishing & Graphic Design Specialist (CENCOPAN) Publishing Information Viorica Ciurdorean Credit Union World is published three times Delegate; Romania National Union of Mutual Benefit Societies of a year by World Council of Credit Unions, Inc. Romanian Employees (UNCAR) World Council reserves the right to edit letters to the editor and all submissions. Send submis- Marian Constantin Delegate; Romania sions, requests for subscriptions and address National Union of Mutual Benefit Societies of changes to Kimberly Johnston, editor. Romanian Employees (UNCAR) 5710 Mineral Point Road David de Jong Madison, WI 53705-4493 USA Delegate; South Africa PO Box 2982 Savings & Credit Cooperative League of South Madison, WI 53701-2982 USA Africa (SACCOL) Telephone: (608) 231-7130 Fax: (608) 238-8020 Ana Ester Galindo de Salguero E-mail: [email protected] Delegate; El Salvador Website: www.woccu.org Federation of Credit Union Associations of El Salvador (FEDECACES) ©2003 World Council of Credit Unions, Inc. Printed with Soy-Ink on Recycled Paper Executive Forum A Term in Perspective As outgoing how the sound and safe message providing information about credit board chairman is implemented in the WOCCU- union data, publications, programs of the World Philippines project credit unions. and products. Council of Credit As a platform for innovation and As board chairman I have traveled Unions’ and information exchange, WOCCU extensively throughout the world (WOCCU) board hosted record-breaking numbers of representing the international credit of directors I credit union leaders at regional union movement and WOCCU. I would like to technical congresses, the International have enjoyed meeting credit union take this oppor- Conference in Ireland and at the leaders, directors, volunteers and Gerry Foley tunity to discuss Leadership Institutes in both Paris members. I have found that the cred- Board Chairman highlights of and Poland. In these meetings we it union ideal is the same in every World Council’s accomplishments have involved world leaders like the country, whether developed or devel- over the last two years. President of Ireland, Mary McAleese; oping. I am honored to have played During my tenure, World Council Prime Minister of Ireland, Bertie a role in the international credit union focused on the message of sound and Ahern; Nobel Prize winners, Lech movement and thank those who have safe credit unions, noting that there Walesa and John Hume, among shown me great hospitality. I feel it is cannot be sustainable economic or others. To gain the competitive important for our member move- social progress in a country without a advantage it’s imperative that credit ments to continue working together sound and safe financial system, of unions avoid re-inventing the wheel for the betterment of WOCCU. which credit unions—enabled by and instead mobilize expertise and Finally, I would like to express my specific legislation—are an integral resources by collaborating to benefit thanks to the international credit union part. In support of the difference from each other’s experiences. movement—my second family—for all credit unions make, WOCCU has of your thoughts, prayers, cards and made countless congressional lobby- During the 2001 Leadership Institute, phone calls that my wife Pat and I, ing visits in developed countries and WOCCU introduced its Young Credit along with our children Deborah, has emphasized the need for enabling Union Professionals Program Keith and Lauren received after the legislation and regulation in develop- (WYCUP), a commitment to investing tragic loss of our son, Justin. It has ing countries, where specific credit in the future of young credit union meant so much to us and shows that union legislation does not exist. I leaders. We have also focused on with credit unions you are part of a witnessed an excellent example of issues faced by the youth of our much bigger family. movements during WOCCU events to ensure retention of tomorrow’s leaders. From the bottom of my heart, I hope A recent accomplishment for WOCCU that the entire movement continues includes adding a Spanish portal to to push for “Quality Credit Unions the website, www.woccu.org/espanol. For Everyone,” because together we Spanish-speaking members now have will continue to demonstrate the access to a direct Spanish portal, power of partnership and that coop- eration is the power of many to change the world. ~ 1 ~ Feature Article –by Margot Cairnes, Founder and Chairman of the Change Dynamic Pty Ltd. Editor’s Note: Seeing and Believing inability to foretell the future from the Margot Cairnes will speak at the 2003 Once everybody believed that the past. Such times challenge leaders International Credit Union Forum in world was flat. People who chal- to greater heights of imagination, Brisbane, Australia, on June 25. Her lenged this belief were ridiculed and courage, pathfinding and relationships. talk, “Imaginative Leadership for a even (like Galileo) imprisoned. Better Tomorrow”, promises to cover Eventually, we adopted a new world- Discontinuous change results from the the dynamic nature of change, the view—that the world was round and technological revolution,
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