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INTERNATIONAL NEWS ROUNDUP

INTERNATIONAL CREDIT UNION DAY MARKS ITS 70TH
ANNIVERSARY

Co-operators globally will on the third Thursday of October this year celebrate the
International Credit Union (ICU) Day, a day the event marks 70 years. According to the
World Council of Credit Unions (WOCCU), the annually celebrated occasion’s theme is
“Find Your Platinum Lining”.
WOCCU President, Mr. Brian Branch said that co-operators around the globe should take
the opportunity to share experiences and appreciate the growth of the global credit union
community and the impact the movement has had on people’s lives.

The traditional gift for 70th anniversaries is a platinum and in relation, this year’s SMALL SCALE
theme has been derived from the popular saying “every cloud has a silver lining” and a FARMERS
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had on members and communities. CO-OPERATIVE
STRUCTURES
GLOBAL TURNOVER OF TOP 300 CO-OPERATIVES HITS 2.1
TRILLION DOLLARS In its latest report, Oxfam
has established that when
The International Co-operative depicting the great impact the movement structured in Co-operatives,
Alliance’s (ICA’s) World Co-operative G@RG@CVNQKCVHCD@MCQDOQDRDMSHMF small-scale farmers were
Monitor, in its sixth edition reported a of the world’s employed population. @AKDSNFDSLNQDHM
global turnover of US $ 2.1 Trillion for consumer price share.
the world’s top 300 Co-operatives. The World Co-operative Monitor is an
annual publication and the index of the In the report, ‘Ripe for
At least 280 million individuals globally world’s largest co-operative and mutual change’, the international
are in partial or full-time employment enterprises. organization said the ability
by Co-operatives, directly or indirectly, of the producers to organize
themselves right from
WORLDWIDE FOUNDATION DONATES TO KENYAN COMPASSION production to the export
stage, known as ‘vertical
CENTRE integration’ impacts on their
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More than US $ 40,000 were raised by He besought supporters to pledge in order price.

the Worldwide Foundation for Credit to reach the needed amount for the wall The report says that wen
organized in Co-operatives,
Unions towards Busia Compassionate construction. small-scale farmers are able
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Centre in Busia County in an event Mr. Reuter said the fundraising activity depicts RG@QDRHFMH?B@MSKXHMBQD@RDC
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dubbed Supporter’s Reception at 2018 the goodwill of the Co-operative movement compared when they do it
independently.
World Credit Union Conference. HMVNQJHMFSNV@QCRR@UHMFKHUDRHMCH?DQDMS
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communities around the world. QDBDHUD@M@UDQ@FDNE
of the share of the end
WOCCU Executive Director of Worldwide consumer price where they
are dependent on private
Foundation for Credit Unions Mike Previously, the Worldwide Foundation processors or exporters to
channel their products to
Reuter said the funds will go towards volunteers had visited the orphanage and had consumer markets.

ADD?MFRDBTQHSXNESGDNQOG@MR@MCRS@? carried out development and engaged the SACCO Star Magazine |37

y building a wall around the facility. children, leaving a lasting memory of family

sensation in the hearts of the orphans.

KUSCCO MD RETAINS SEAT AS WOCCU BOARD MEMBER

The World Council presented the new Board of Directors at this year’s World Credit
Union Conference held in Singapore in July, among them Kenyan’s KUSCCO Ltd. MD,
George Ototo, ICUDE.

Other members named as directors in the Board include Steven Stapp (Chairman), Brian
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Bergl, Manfred Dasenbrock, Martha Durdin, (Chair of the Governance and Elections
Committee), Michael Lawrence, Kevin Sitka and Younsik Kim.