MADISON, Wis.—The World Council of Credit Unions’ (WOCCU) has released its 2025 Global Regulatory Update, which it said stresses how divergent messages relating to whether previously held financial laws will be honored or revoked, and how global leaders embrace or reject international standards will impact the regulatory landscape this year and beyond.
“For credit unions, this means remaining vigilant in protecting our cooperative structure and the regulatory oversight that is specific to our model. Establishing appropriate regulations that enable credit unions to support financial access and foster economic growth has never been more important,” Erin O’Hern, WOCCU’s International Advocacy and Regulatory Counsel, who authored the report, said in a statement. “The United Nations (UN) declared 2025 as the International Year of Cooperatives, an honor that highlights the critical impact the cooperative model plays in addressing global challenges and provides an opportunity to bring greater awareness to the impact credit unions and other financial cooperatives have worldwide. We must embrace this moment.”
What’s Covered
The World Council said its Global Regulatory Update is put out on an annual basis to help credit unions and financial cooperatives prepare for the compliance issues most likely to impact them in the year ahead.
The new edition covers:
- Digitalization and Developing Technologies
- Climate-related Financial Risks
- Strengthening Individual Frameworks.
The report can be found here. https://www.woccu.org/documents/2025_Global_Regulatory_Update
CU Super App Launched in Indonesia
Separately, in Indonesia, Credit Union (CU) Sauan Sibarrung has launched CU SuperApp, “an innovative digital platform that addresses the growing demand for modern financial services and aligns with the latest payment trends in Indonesia,” according to the Asian Federation of Credit Unions.
The credit union said the CU SuperApp offers a range of advanced features, including:
- Secure multifunctional logins with biometric authentication
- Seamless transfers between credit unions and banks.
- QR code support for digital transactions, e-commerce shopping, financial agent and merchant capabilities
- The integration of various financial services into a single platform.
“With this SuperApp, we are adapting more closely to technological advancements and meeting our members’ needs in the digital payment system. This also shows that cooperatives are evolving to keep pace with current technologies, becoming modern cooperatives that serve micro communities,” Fr. Dr. Fredy Rante Taruk, Head of the IT Development Team at PUSKOKPCUINA, Indonesia’s national credit union federation, in a statement.