Credit unions in Cuba could be successful, but only if they follow cooperative principles and are established for the good of the Cuban people, participants of a National Cooperative Business Association/Cooperative League of the United States of America press conference said earlier this month.
"We believe that as Cuba evolves, the seven cooperative principles will become part of the DNA of much of Cuba's economy," Mike Beall, president/CEO of the NCBA/CLUSA said during the March 10 event in Wash., D.C. "And this will be good for the American consumer."
The NCBA/CLUSA press conference, held at the National Press Club during the GAC, introduced the organization's U.S.-Cuba Cooperative Working Group, designed to find ways to help Cuba establish and enhance its cooperative business. However, financial cooperatives such as credit unions, Beall said, may be among the most difficult ones to launch.
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
© 2024 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.
