THE globe

SYDNEY, Australia–More CUs in this country are responding to their shrinking numbers by rebranding themselves with the word “bank.”

TORONTO—Canada has its first federally chartered credit union.

LONDON–The U.K.’s Department for Work and Pensions (DWP), one of government’s largest departments, has launched a credit union for staff – the first credit union scheme for civil servants.

PAISLEY, Scotland—University of the West of Scotland has won an award for ‘Best Partnership’ for their work with Renfrewshire-Wide Credit Union.

PELTON, U.K.–A broad campaign to raise awareness of the dangers of loan sharks has been launched here with a week-long effort designed to encourage people to report the crime if they have been a victim, as well as offering advice on affordable alternatives.

WINDSOR, Ontario–Libro Credit Union here announced it will pay its employees a “living wage.”

DUBLIN, Ireland–The Credit Union Development Association (CUDA) has delivered its submission to the Central Bank of Ireland ahead of its review of its macro prudential mortgage measures it is proposing.

BRIDGETOWN, Barbados–While the credit union movement in Barbados has made a sterling contribution to the development of the economic landscape in this country, some concern has been expressed about the lack of growth in farming, marketing and other cooperatives.

LONDON—In three months, the Bank of England will launch a new £5 note made from thin, flexible plastic, said to be more secure and more durable than traditional paper money.

DERRY, Ireland–Member William Moore has been named as the recipient of Derry Credit Union’s one-millionth loan. It is the first credit union in Ireland to hit the milestone.