KINGSTON, Jamaica–First Heritage Co-operative Credit Union (FHC) is encouraging Jamaicans to practice consistent financial planning through the launch of a new offering called the FHC Life Charter.
THE globe
CU News From Around the Planet
WALES, U.K.–The Archbishop of Wales, Dr. Barry Morgan, said he supports an effort to transform Wales into a “credit union nation.”
LONDON, Ontario–Libro Credit Union said it is sharing a new Social Purpose Assessment Tool across the credit union industry to assist credit unions in strategic planning, operations and management. Credit unions can use this social purpose scorecard to know where they stand against best, leading and next practices in social purpose, corporate social responsibility and values-based banking.
EDINBORO, Scotland–A new report published here says Scotland’s credit industry must break the cycle of financial exclusion experienced by the country’s poorest borrowers.
DUBLIN, Ireland–St. Raphaels Garda Credit Union, the largest credit union in Ireland, has become the first CU to enter the mortgage market, offering home loans of up to €300,000 to its 33,000 members and their families.
DUBLIN, Ireland–More than 1,000 borrowers have now taken advantage of a new microcredit program being piloted by this country’s credit union movement as part of an attempt to curb the growth of what’s known here as “moneylending.”
BELFAST, Northern Ireland–A new law on cooperatives and credit unions is making its way through the Northern Ireland Assembly.
ISLE OF MAN, U.K.–A credit union to serve this island could be up and running as soon as June of this year following a new proposal.
MADISON, Wis.–The World Council of Credit Unions has sent a comment letter to the Basel Committee for Banking Supervision’s consultation on Total Loss Absorbing Capacity Holdings (TLAC).
RENFREWSHIRE, U.K.–The Renfrewshire Council has allocated £175,898 investment in local credit unions as part of a two-pronged drive to fight high-cost lenders and tackle poverty. The move will also mean the introduction of the first credit union funeral loan – available to all residents, not just credit union members.