MADISON, Wis.–As part of its advocacy efforts outside the U.S., America’s Credit Unions said its World Affairs Committee met with the World Council of Credit Unions (WOCCU) where the discussion focused on the challenges credit unions are facing and how those can inform the global advocacy perspective.
“The group discussed various regulatory issues related to digital currency, anti-money laundering efforts, and open banking, as well as emerging challenges and opportunities related to fraud, AI, competition and industry consolidation, and economic pressures,” America’s Credit Unions said in a statement.
America’s Credit Unions noted its board treasurer, Jim Morrell, serves on the WOCCU board, while American credit unions are represented on the WOCCU board by Apple FCU Executive President Joe Thomas, who is vice chair, INOVA Federal Credit Union President/CEO Dallas Bergl (treasurer), and Patelco Credit UnionPresident/CEO Erin Mendez.
Global Engagement
America’s Credit Unions said its World Affairs Committee has engaged with both organizations, along with the Latin American Credit Union Advocacy Network, European Network of Credit Unions (ENCU), and Caribbean Confederation of Credit Unions, as well as organizations in the U.S., Australia, and Canada.
It added that its efforts have also included a WOCCU advocacy trip with Iowa Credit Union League President/CEO Murray Williams representing the U.S. to ENCU, the European Payments Conference, the Bank of England, and the Financial Action Task Force. These entities are responsible for setting a number of global financial standards.
