DUBLIN, Ireland–Ireland’s Credit Union Development Association and Initiative Ireland have received approval from the Central Bank for a planned €600 million fund provided by participating credit unions to lend to Approved Housing Bodies.
THE globe
CU News From Around the Planet
BRUSSELS, Belgium—The Netherlands, Belgium, France, Italy and Spain together have petitioned the European Commission to limit the amount consumers can pay in cash within the European Union to €5,000.
LIMA, Peru—Nearly 28,000 people gained access to financial services for the first time and more than 2,500 entrepreneurs received support for their businesses during the first year of World Council of Credit Unions’ (WOCCU) Economic Inclusion Project(EIP), a USAID-funded activity based in Peru and Ecuador, according to WOCCU.
WINNIPEG, Manitoba–Three Manitoba credit unions here say they have begun merger discussions, potentially creating a single organization to serve its combined members.
WASHINGTON—Marshall Boutwell, President and CEO of Georgia-based Peach State FCU, has received the highest award Poland gives to non-citizens for his support of the country’s credit union movement during a ceremony at the Polish Embassy.
MADISON, Wis.—Six credit unions in Haiti that were devastated by an August 14 earthquake will soon be operating again following a $45,000 grant issued through Worldwide Foundation for Credit Unions’ Project Storm Break initiative.
MEXICO CITY, Mexico—Remittances sent to Mexico hit a new monthly record of $4.54 billion in July 2021, a 28.6% increase compared to the same month in 2020.
BASEL, Switzerland—The Bank for International Settlements (BIS) Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore, and South African Reserve Bank are joining forces to test the use of central bank digital currencies (CBDCs) for international settlements.
DUBLIN, Ireland–Credit union executives in this country were not informed by Ireland’s regulator that their personal data had been wrongly turned over to a third party until more than two months after it occurred.
SAN SALVADOR, El Salvador — El Salvador has become the first country to adopt Bitcoin as legal tender, even though many of its citizens admit they don’t understand it, while at the same time analysts are express concerns around financial instability.