Worldwide Foundation For Credit Unions Inc

SUPPORT CREDIT UNION SYSTEMS & MEMBERS IN DEVELOPMENT ACTIVITIES.

DISASTER RELIEFPROJECT STORM BREAK- HURRICANE DISASTER RELIEF: THE BAHAMASPROJECT STORM BREAK PIVOTED TO RESPOND IMMEDIATELY TO PROVIDING SAFETY SUPPLIES TO PROTECT STAFF AND MEMBER ALIKE AMID THE COVID-19 PANDEMIC. A MIX OF GRANTS AND IN-KIND DONATIONS TO OUR GLOBAL PARTNERS HELPED PROTECT THE MOST VULNERABLE CREDIT UNION SYSTEMS. IN THE INITIAL MONTHS OF THE PANDEMIC, PROJECT STORM BREAK PUT OUT A CALL TO SEND PPE SUPPLY RELIEF GRANTS TO INTERNATIONAL CREDIT UNION SYSTEMS IN NEED. $21,000 IN GRANTS WERE DISTRIBUTED ACROSS SIXTEEN CARIBBEAN NATIONS. MASKS, SANITIZER, AND PLEXIGLASS BARRIERS WERE PUT IN PLACE TO ALLOW CREDIT UNIONS TO OPERATE IN THE FACE OF THREATS COVID-19 PRESENTED.

TECHNICAL ASSISTANCE CREDIT UNION DEVELOPMENT: OUR CREDIT UNION DEVELOPMENT WORK COMPLIMENTS ONGOING CREDIT UNION DIGITIZATION WORK OF THE WORLD COUNCIL, SUPPORTING PROJECT ACQUISITION AND EXPANSION, RESULTING IN THE FINANCIAL INCLUSION OF MILLIONS WORLDWIDE. OUR PRIORITY FUND SUPPORTS COSTS ASSOCIATED WITH SUPPORTING CURRENT WOCCU-LED CREDIT UNION DEVELOPMENT PROJECTS: IN PERU/ECUADOR AND SENEGAL. RESTORING THE LIVELIHOODS OF 100,000 VENEZUELAN MIGRANTS IS A KEY OBJECTIVE OF WORLD COUNCIL'S NEW ECONOMIC INCLUSION PROJECT (EIP), FINANCED BY USAID. A KEY STRATEGY OF THE PROJECT IS THE ONGOING TRAINING, PLACEMENT, AND REACTIVATION OF ENTREPRENEURS.NEARLY 51% OF ALL CREDIT UNION MEMBERS IN SENEGAL ARE WOMEN, AND YET THE EXISTING CREDIT UNION LOAN PRODUCTS AND CREDIT ACCESS SENEGAL'S CREDIT UNION SYSTEM DOES NOT MEET THE CURRENT AND FUTURE NEEDS OF WOMEN IN SENEGALESE SOCIETY. A NEW GENDER LENS INVESTMENT (GLI) METHODOLOGY, DEVELOPED BY WORLD COUNCIL AND FUNDED BY USAID, WILL DEVELOP, DEPLOY, AND SCALE A GLI KIT, DESIGNED TO INCREASE ACCESS TO CREDIT ACROSS THE ENTIRE SENEGAL CREDIT UNION SYSTEM.

EDUCATION AND TRAININGCREDIT UNIONS ENABLE HARD WORKING PEOPLE TO HELP THEMSELVES. THEY SUPPORT THE ABILITY OF CITIZENS TO DEPEND ON THEMSELVES RATHER THAN ON THE STATE OR ON CHARITY. AN EXAMPLE OF SOME OF THE EDUCATION/TRAINING INIATIVEES 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.GWLN ENGAGED VIRTUALLY WITH HUNDREDS OF WOMEN AND MEN AROUND THE WORLD: AUSTRALIA, ASIA, AFRICA, EUROPE, SOUTH AMERICA, AND IN ALMOST ALL REGIONS OF NORTH AMERICA.WHAT WAS ONCE A LOCALIZED, IN-PERSON NETWORK, EXPLODED INTO SUCCESSFUL PIVOT OF ALL PROGRAMMING, INTERNATIONAL VIRTUAL WORKSHOPS, MENTAL HEALTH CONVERSATIONS, NEW WORK/LIFE BALANCES AND WORKING FROM HOME RESOURCE SHARING WITH WOMEN PARTICIPATING FROM SIX CONTINENTS. THE AUGMENTED, GLOBAL CONNECTIVITY AND ACCESS TO EACH OTHER ACROSS BORDERS FORTIFIED THE NETWORK AS WE LISTENED TO STORIES OF HOPE, INSPIRATION, AND ENCOURAGEMENT.WORLD COUNCIL YOUNG CREDIT UNION PROFESSIONALS PROGRAMOUR WORLD COUNCIL YOUNG CREDIT UNION PROCESSIONALS PROGRAM (WYCUP) THRIVED IN THE VIRTUAL ENVIRONMENT DURING 2021. 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.WYCUP CONNECTED WITH NEARLY 1,000 YOUNG PROFESSIONALS FROM 35 COUNTRIES DURING THE VIRTUAL FORUM AND CELEBRATION LAST YEAR. FINDING OPPORTUNITY IN DISRUPTION, WYCUP CREATED A VIRTUAL SPACE FOR YOUNG PROFESSIONALS WITH A DESIRE FOR GLOBAL PERSPECTIVES ON THEIR PROFESSIONAL JOURNEYS. THE POTENTIAL FOR GREATER INCLUSION IS CLEAR.

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 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 2021, WF DISBURSED TWO TRANCHES OF FUNDS TO TWO UNITED CREDIT UNIONS (UCU) IN UKRAINE. $400,000 WAS DISTRIBUTED TO UUCU AUCUA AND $100,000 TO UCU UNASCU. IN 2021, THE FOLLOWING MILESTONES WERE COMPLETED AND APPROVED BY USAID: IN 2021, THE FOLLOWING MILESTONE WAS COMPLETED AND APPROVED BY USAID: PIPELINE REPORT 1 PROJECTING DEMAND BY TARGET CREDIT UNIONS FOR MICRO, SMALL, OR MEDIUM SIZED FARMERS TO BORROW UP TO $500,000 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.