BASSETERRE, St. Kitts–Long-time Caribbean and global credit union leader Melvin Edwards was inducted into the African American Credit Union Hall of Fame during a ceremony held at the Marriott Marquis in conjunction with CUNA’s GAC in Washington.
THE globe
CU News From Around the Planet
DUBLIN, Ireland—Credit unions across Ireland could soon be allowed to invest their members’ funds in social housing projects.
MELBOURNE, Australia–CUA, Australia’s largest credit union, said it is planning to pursue more partnerships and is looking at allowing more mutuals to use its hi-tech platform.
LONDON—The Governor of the Bank of England and chair of the Financial Stability Board and Monetary Policy Committee is predicting that digital currencies could someday displace traditional banking systems.
LONDON–The cost of fraud in Britain rose 1.1-billion pounds, or $1.4-billion, for the first time in five years in 2016.
GREYSTONES, Ireland–It turns out members can’t be counted on to automatically approve every merger. Members of Greystones & District Credit Union here have voted against a combination with Bray Credit Union.
HALIFAX, Nova Scotia–East Coast Credit Union here has announced a significant new environmental partnership with Bullfrog Power, Canada's leading green energy provider.
ACCRA, Ghana–The Shama Community Co-operative Credit Union Limited (SHACCU) last year recorded an impressive fiscal performance by raising its capital adequacy ratio to 17%, which exceeded its target of 15%.
MADISON, Wis.–The World Council of Credit Unions is calling for 2017 Distinguished Service Award (DSA) nominations, the winners of which will be presented at the World Credit Union Conference, July 23-26, 2017, in Vienna, Austria.
SENEGAL, West Africa—Senegal will use a digital currency this year that will be circulated alongside paper money as legal tender.