Two CUs Provide Funds for Technology Upgrades at Ukrainian Credit Unions

MADISON, Wis.—Thirty-six laptops and 10 multifunctional printers have been delivered to Ukrainian Credit Unions' Anisiya and PVKS through a partnership the Worldwide Foundation for Credit Unions' (WFCU) said it helped to build.

According to the foundation, the support came from two of its “champions,” Advantis credit Union in Oregon and Dundalk Credit Union in Oregon, which financed the purchase of the items to boost WFCU’s Digitalization Program.  

Equipment purchased to help Anisiya Credit Union.

“Launched in 2023 in cooperation with the USAID/WOCCU Credit for Agriculture Producers (CAP) Project, the program helped both PVKS and Anisiya Credit Unions fully migrate to a new core banking system, which allows for API integration and improved credit union operations,” the foundation said. “With 2024 bringing a new challenge of making the core banking system work at full capacity, the credit unions needed to update the hardware used by their employees. This is where WFCU’s champions joined the effort and provided targeted financial support to their Ukrainian colleagues.”

What Was Purchased

According to the foundation, PVKS Credit Union purchased 11 laptops leveraging the support provided by Dundalk Credit Union.  Anisiya Credit Union purchased 25 laptops and 10 multifunctional printers through Advantis Credit Union’s donation.

“The funds received allowed our credit union to upgrade hardware, install new software and improve our digital capabilities. Now, we can serve our clients much faster and provide more modern and quality services. Thanks to your help, we feel that we are not alone in our challenging struggle for freedom and democracy,” Volodymyr Sydorovskyy, CEO of Anisiya Credit Union, said in a statement.

Standing ‘Side by Side’

WFCU said it “continues to stand side-by-side with Ukrainian credit unions facing unprecedented consequences” from Russia’s ongoing full-scale invasion. The foundation noted that through its Ukrainian Credit Union Displacement Fund, it has implemented 11 relief and recovery programs totaling $1.64 million to support Ukraine’s credit unions with expense reimbursement, digitalization, extra liquidity for lending, and even needed drinking water and power generators—all of which “also benefited their members, including farmers, SMEs and other vulnerable groups dealing with impacts from the war.”

For info: WFCU Ukraine Relief Results report

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