MADISON, Wis. — A recent trip to Cambodia was an eye-opening experience for Bill Raker, president and CEO of the $715 million US Federal Credit Union. Raker was traveling as part of a collaborative effort between the World Council of Credit Unions and the Credit Union Foundation of Australia to strengthen credit union growth in Cambodia.
Raker was one of the first foreigners ever to visit the remote location of Krang Ampil Village Bank credit union. First organized in 2001, the credit union has 47 members from a village of about 125 families. Members pool their savings to provide loans for fellow members to buy chickens for raising and selling, fertilizer and rice for planting, and goods for selling in the village market.
One female member used a loan from Krang Ampil Village Bank credit union to buy a sewing machine. She now uses the machine to make silk items that she sells to support her family.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
