THE globe

CAPE BRETON, Nova Scotia–Two credit unions here have merged and formed a new organization under a new name.

ISLE OF MAN, U.K.––The newly formed Manx Credit Union has officially opened to serve residents of this island.

BASEL, Switzerland—Credit union leaders from around the world met here with Basel Committee on Banking Supervision Secretary General William Coen and other senior members of the Basel Committee Secretariat to discuss how best to reduce regulatory burdens on credit unions.

PORTLAOISE, Ireland–People First Credit Union here and Laois-based Athy Credit Union have agreed to merge their operations following their respective annual general meetings.

KINGSTON, Jamaica–The merger of the Hanover and Montego Co-operative Credit Unions to form what is now the Gateway Co-operative Credit Union is now complete.

MEXICO CITY, Mexico—Mexicans in the U.S. sent $2.4 billion to Mexico in November, when Donald Trump won the presidential election, marking the biggest increase of remittances in a decade.

CORK, Ireland–One credit union here has been surprising people in the community over the holidays by recognizing those who give back to others.

EDINBORO, Scotland–Marlene Shiels, well-known to many in the international credit union community, has been awarded the Order of the British Empire.

DUBLIN, Ireland–The chairman of Ireland’s largest credit union has issued a statement strongly critical of the country’s regulator, saying it is preventing CUs from competing with banks in serving consumers.

MONTEGO, Jamaica–With the new year, the merger of two credit unions here is complete, creating one CU that now serves 70,000 members.