NORTH YORKSHIRE, U.K.–A credit union here is working to offer people in this area a viable alternative to banks, while helping local libraries at the same time.
THE globe
CU News From Around the Planet
LONDON–The Genesis Housing Association recently held a “fun day” to highlight its new relationship with London Plus Credit Union as part of a program aimed at helping residents to more safely save and borrow money.
DUBLIN, Ireland–Ireland’s government has budgeted extra funds for its Money Advice and Budgeting Service (Mabs) to help people who have fallen behind on their mortgages.
LONDON–Sixty-nine credit unions, from across Britain and Northern Ireland have applied for grants from the Lloyds Banking Group Credit Union Development Fund.
KINGSTON, Jamaica–Community and Workers of Jamaica Co-operative Credit Union here has set aside $100-million for lines of credit for micro businesses and the self-employed.
ST. LUCIA, W.I.–Credit unions in the Caribbean have named the winners of their annual CaribDE Awards, which recognize outstanding contributions toward Development Education.
LONDON–Your Credit Union here has set up what it is Banking Buddy” program as part of an effort to get members to improve their credit scores and, in turn, make them less likely to use payday lenders.
VILNIUS, Lithuania–Credit unions in this country are seeing improved performance, but need to build more capital.
TORONTO–Banks and credit unions in Canada are gaining a larger piece of the pie in mutual fund sales in the country as other providers struggle to compete with institutions that have strong bank networks.
LONDON—Members of the European Network of Credit Unions (ENCU) met with the European Banking Authority to discuss the European Union's (EU) implementation of the Net Stable Funding Ratio, the Basel III metric for medium-term liquidity management.