WASHINGTON—The governments of the U.S. and U.K. held their second meeting of the U.S.-U.K. Financial Regulatory Working Group in Washington this week. The inaugural meeting of the Working Group took place in September 2018.
THE globe
CU News From Around the Planet
BRUSSELS–The European Commission has agreed to Ireland’s credit unions additional time to complete their restructuring.
FRANKFURT, Germany—A European Central Bank official believes digital currencies can help central banks such as his.
HARLINGTON, England–Plane Saver Credit Union has become the latest to sign on with a separate brand as part of a loan program aimed at military personnel, veterans and their families.
REGINA, Saskatchewan–Conexus Credit Union has announced plans to close nine branches across the province, primarily in small communities. The credit union said in a statement it will continue to serve the affected members digitally, but many members have expressed dismay over the move.
KINGSTON, Jamaica–OK Sodality Cooperative Credit Union said it has partnered with two foreign companies to develop a financing program for renewable energy products targeted at micro, small- and medium-enterprises and low-income households.
TORONTO, Canada–The Canadian Credit Union Association has launched a new national brand program aimed at highlighting defining principles of Canada’s credit unions, including what the association said consumers are really looking for as summed up in its new tagline, “You First, Banking Second.”
NASSAU, Bahamas—The Bahamas’ securities regulator is pushing for a new framework for token projects, aiming to turn the island nation into the jurisdiction of choice for blockchain startups, a new report indicates.
BRIDGETOWN, Barbados–A senator here is calling on this country’s Financial Services Commission (FSC) to extend deposit insurance protection to credit unions.
MADISON, Wis.–The World Council of Credit Unions’ Global Women’s Leadership Network (GWLN) has awarded six scholarships for women to join the Network and to attend the 2019 World Credit Union Conference in the Bahamas, where WOCCU said they will have opportunities for professional development, networking and diversifying skills.