THE globe

LONDON—Credit unions continue to add new members here. According to data released by the Bank of England, at the end of Q3 2014, creditunions in the U.K. had 1,564,063 adult members in the third quarter, up from 1,549,695 in the previous quarter.

MADISON, Wis. — The World Council of Credit Unions (WOCCU) said it has begun working with its member organization, Malawi Union Savings and Credit Cooperatives (MUSCCO), to provide disaster relief to credit unions affected by Malawi's record-breaking floods that began in early January.

DUBLIN, Ireland--A “staggering” 121 of this country's credit unions enlisted the services of rogue private investigation firms that have stolen reams of personal data belonging to members of the public, according to an investigation by the Independent.

LONDON—To mark the 50^th anniversary of credit unions in England, the government solicited feedback on how credit unions have setout their vision for what’s ahead, and asked for ideas on how it can help credit unions to succeed.

MADISON-The World  Council of Credit Unions has told the Financial Stability Board (FSB) that it is generally supportive of a proposed framework that would eliminate the implicit public subsidy enjoyed by global systemically important banks (G-SIBs), but that its endorsement doesn’t extend to applying the same policy to all financial institutions, especially credit unions.

DUBLIN--The Irish credit resolution scheme, which provides for the orderly winding-up of troubled credit unions in this country, has been extended until June 30th 2015.

KENSINGTON, England--A credit union here has held a “pop-up session” at a local primary school to support parents at risk from loan sharks.

PORT OF SPAIN, Trinidad--A former manager at Trinidad Cement Limited (TCL) Employees’ Credit Union has been denied bail in a case in which he is facing charges of having attempted to defraud the credit union of $50 million. 

MADISON, Wis.--Challenging the international credit union community add 50-million members before 2020, the World Council of Credit Unions has published a technical guide aimed at helping credit unions reach Gen Y.

MADISON, Wis. — World Council of Credit Unions said it has signed an agreement through its Cooperative Development Program (CDP) with Beverly School of Kenya (BSK), a private boarding school in rural Kenya, to implement an agricultural program that encourages and educates youth to view agriculture as a means of income.