WASHINGTON–The CEO of the World Council of Credit Unions (WOCCU) offered an update to credit union on global issues ranging from digital central bank currencies to open banking and sustainable finance.
“These are all things WOCCU is watching for you because they are the types of emerging regulatory issues being rolled out to banks and credit unions at greater speeds in other markets. But they will all show up on U.S. shores sooner than later," said WOCCU CEO Elissa McCarter LaBorde in comments to America’s Credit Unions Governmental Affairs Conference. "It is critically important that we learn from our credit union peers elsewhere, and are visible in those policy discussions at the international level, before they (regulations) filter down to the national level.”
Expanded Inclusion Efforts
McCarter LaBorde shared with the audience ways WOCCU is seeking to expand financial inclusion worldwide.
“With the generous support of our member credit union associations like ACU, as well as individual donors, many of whom are in this room, we are ensuring that credit unions reach the places of greatest need—like Peru and Ecuador, where there are two million Venezuelan migrants and refugees, and farmers and women entrepreneurs in Ukraine, where four million are internally displaced,” McCarter LaBorde told the meeting.
She also reminded that the 2024 World Credit Union Conference coming up in July.
“We will have the unique opportunity to bring thousands of professionals from over 60 countries together to learn from one another and drive change cooperatively,” McCarter LaBorde said.
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