Worldwide Foundation For Credit Unions Inc

ADVANCE FINANCIAL INCLUSION BY REDUCING GAPS IN GLOBAL CREDIT UNION GROWTH.

DISASTER RELIEFPROJECT STORM BREAK: UKRAINE RESPONSE. ON FEBRUARY 27TH, WFCU CREATED AND DEPLOYED THE UKRAINIAN CREDIT UNION DISPLACEMENT FUND TO SUPPORT THE SHORT-TERM RELIEF AND LONG-TERM RECOVERY NEEDS OF UKRAINE'S CREDIT UNION SYSTEM. TO DATE, IT IS THE SINGLE LARGEST EFFORT BY WFCU THROUGH ITS INTERNATIONAL CREDIT UNION DISASTER RELIEF WORK TO SUPPORT A CREDIT UNION SYSTEM UNDERGOING CRISIS.

FEDERAL AGENCY - SUPPORTED DEV.UKRAINE CREDIT UNION LIQUIDITY ACTIVITY - THIS AWARD IS AN OTA BY USAID WHERE THE ACTIVITY IS TO ADDRESS LIQUIDITY CONSTRAINTS FACED BY CREDIT UNIONS IN UKRAINE. THIS ADDITIONAL LIQUIDITY IS CRITICAL FOR THE DEVELOPMENT OF MICRO SMALL AND MEDIUM AGRICULTURAL PRODUCERS IN RURAL AREAS. THIS IS IMPLEMENTED IN COORDINATION WITH THE EXTENSION OF THE WOCCU UKRAINE CAP PROGRAM WHICH WORKS TO STRENGTHEN UKRAINIAN CREDIT UNIONS AS PROVIDERS FOR FINANCIAL SERVICES AND INCREASE CREDIT UNIONS' ABILITY TO EXPEND LENDING TO SMALL AND MEDIUM AGRICULTURAL BUSINESS, ESPECIALLY DURING PERIODS WHEN DEMAND EXCEEDS THEIR CAPABILITIES TO EXTEND CREDIT. IN 2022, WFCU DISBURSED TWO TRANCHES OF FUNDS TO TWO UNITED CREDIT UNIONS (UCU) IN UKRAINE. $314,500 WAS DISTRIBUTED TO UUCU AUCUA AND $135,000 TO UCU UNASCU. IN 2022, THE FOLLOWING MILESTONES WERE COMPLETED AND APPROVED BY USAID: IN 2022, THE FOLLOWING MILESTONE WAS COMPLETED AND APPROVED BY USAID: PIPELINE REPORT 2 PROJECTING DEMAND BY TARGET CREDIT UNIONS FOR MICRO, SMALL, OR MEDIUM SIZED FARMERS TO BORROW UP TO $449,500 IN THE AGGREGATE FOR AGRICULTURAL LENDING BY MEMBER CREDIT UNIONS OVER THE FORTHCOMING 12 MONTHS. SUPPORT DOCUMENTATION INCLUDED: VOLUME OF EXPECTED DEMAND FOR ADDITIONAL LIQUIDITY BY CREDIT UNION; AND ESTIMATED NUMBER AND VOLUME OF LOANS PROVIDED TO AGRICULTURAL MSMES.

TECHNICAL ASSISTANCE CREDIT UNION DEVELOPMENT PHILANTHROPY & ENGAGEMENT VIA GLOBAL BRIDGES. GLOBAL BRIDGES OFFERS CREDIT UNION STAKEHOLDERS THE OPPORTUNITY TO LEARN, SHARE, AND NETWORK AROUND COMMON CREDIT UNION EDUCATIONAL TOPIC. GLOBAL BRIDGES JOURNEY UPDATES NACUFOK-OREGON: FIVE OREGON CREDIT UNIONS ARE VISITING NATIONAL CREDIT UNION FEDERATION OF KOREA (NACUFOK) DURING THE WEEK OF 11/7. TRUESKY CU & BARBADOS: BARBADOS WORKERS CO-OP (BWU) VISITED TRUESKY DURING THE WEEK OF 10/17. VYSTAR CREDIT UNION: SIGNED ON TO A $50,000 GLOBAL BRIDGES JOURNEY IN 2022. BANK FUND STAFF FCU: SIGNED ON TO A $25,000 GLOBAL BRIDGES JOURNEY IN 2022. STATE EMPLOYEES CREDIT UNION (NC): SIGNED ON TO A $100,000 GLOBAL BRIDGES JOURNEY IN 2022. CARIBBEAN CONFEDERATION OF CREDIT UNIONS (CCCU) & NATIONAL CREDIT UNION FEDERATION OF KOREA (NACUFOK): FOCUSING ON A THREE-YEAR ENGAGEMENT TO ADVANCE DIGITIZATION IN THE CARIBBEAN.

NETWORKSIMPLEMENTING THREE DISTINCT CREDIT UNION NETWORK SUPPORTING WOMEN IN LEADERSHIP, EMERGING LEADERS AND CREDIT UNION DEVELOPMENT EDUCATORS. TOGETHER THROUGH THE POWER OF NETWORK, WORK TO ADDRESS SYSTEMIC CHALLENGES FACING CREDIT UNIONS AT LOCAL, NATIONAL AND INTERNATIONAL SCALE. INITIATIVES INCLUDE THE FOLLOWING:GLOBAL WOMEN'S LEADERSHIP NETWORKGLOBAL WOMEN'S LEADERSHIP NETWORK (GWLN) IS A KEY RESOURCE FOR INFORMATION, NETWORKING, AND SUPPORT, COMMITTED TO NARROWING INEQUALITY GAPS BY PROVIDING WOMEN WITH OPPORTUNITIES TO MAKE MEASURABLE DIFFERENCES IN THEIR OWN LIVES, IN THE LIVES OF CREDIT UNION MEMBERS, AND IN THEIR COMMUNITIES.BELOW ARE SPECIFIC ENGAGEMENT TOUCHPOINTS BETWEEN GWLN AND ITS GLOBAL SISTER SOCIETY AND MEMBER NETWORK. 2022 WORLD CREDIT UNION CONFERENCE: THE GWLN FORUM. NEARLY 150 ATTENDEES (WOMEN AND MEN) JOINED THE FORUM THAT INCLUDED AN INTERACTIVE SESSION WITH ENVISION EXCELLENCE ON DETERMINING YOUR PERSONAL CALL TO COURAGE, NETWORKING AMONG ATTENDEES AND AN INTERNATIONAL PANEL WOMEN FOR WOMEN: THE GLOBAL PERSPECTIVE TO FINANCIAL INCLUSIVITY WITH KAREN BENNETT, CEO, ENTERPRISE CREDIT UNION (UK) AND GWLN SCHOLAR JOSELITA CARDONA, CEO, MOST HOLY ROSARY MULTI-PURPOSE COOPERATIVE (PHILIPPINES). THE GWLN NETWORKING RECEPTION WELCOMED GWLN MEMBERS, INDUSTRY PARTNERS AND GUESTS, RECOGNIZED THE ATHENA AWARD WINNER AND PROVIDED A GWLN UPDATE. ADDITIONALLY, GWLN AND WYCUP FACILITATED A WORKSHOP ON STORYTELLING FOR YOUR PERSONAL AND PROFESSIONAL MISSION STATEMENT. GWLN ALSO CONDUCTED A BREAKOUT SESSION ON BEST PRACTICES FOR GWLN SISTER SOCIETIES. EXECUTIVE READINESS SUMMIT: WOMEN TRANSFORMING LEADERSHIP HOSTED BY LOCAL GOVERNMENT FEDERAL CREDIT UNION AND CIVIC FEDERAL CREDIT UNION IN RALEIGH, NORTH CAROLINA WITH A TARGET OF 50 CREDIT UNION WOMEN. LEAD SPONSOR: CO-OP SOLUTIONS, CO-SPONSORS: ELEADERSHIP ACADEMY, KINECTA FEDERAL CREDIT UNION, PSCU AND PARTNER HERCSUITE. PRESENTERS JOINING FROM BRAZIL, CANADA, UK AND US. OUTREACH TO INDUSTRY/SISTER SOCIETIES: PARTICIPATION IN INDUSTRY EVENTS AMERICA'S CREDIT UNION MUSEUM WOMEN MAKING HERSTORY AND DISCUSSIONS WITH WOMEN IN MUTUALS TO RE-ENGAGE AUSTRALIA, CCUA FOR CANADA AND ABCUL FOR THE UK SISTER SOCIETIES. IN THE US, WE LAUNCHED CALIFORNIA CENTRAL VALLEY SISTER SOCIETY AND IN THE PIPELINE: ALASKA, DOMINICA, INDIANA, KENTUCKY/TENNESSEE, SOUTH CAROLINA, AND RE-LAUNCH WITH NEW YORK. WORLD COUNCIL YOUNG CREDIT UNION PROFESSIONALS PROGRAMOUR WORLD COUNCIL YOUNG CREDIT UNION PROCESSIONALS PROGRAM (WYCUP) THRIVED IN THE VIRTUAL ENVIRONMENT DURING 2022. VIRTUAL WAS LEVERAGED TO FOSTER DIALOGUE AMONG AN EXPONENTIALLY LARGER YOUNG PROFESSIONAL AUDIENCE THAT IN-PERSON COULD OFFER. A LARGER AND MORE ENGAGED WYCUP COMMUNITY RESULTED.