Map of Ukraine used during WFCU's Cooperative Voices Event. (Source: WOCCU)
On Sunday, the Worldwide Foundation for Credit Unions (WFCU) announced it created the Ukrainian Credit Union Displacement Fund to help mitigate impacts to the Ukrainian credit union system as Russian troops continue its violent offensive against the country.
Within the first few hours, WFCU officials said it had already raised $43,000.
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During the Cooperative Voices Event in Washington, D.C. on Sunday, WOCCU President/CEO Elissa McCarter LaBorde said, "Thank you to the [Worldwide] Foundation staff. This is the right thing to do, this is the global community, this is the power of a network like this."
Elissa McCarter LaBorde (Source: WOCCU) At the same event WFCU Executive Director Mike Reuter said credit unions from around the world reached out over the past few days to ask how they could help their colleagues in Ukraine.
Mike Reuter (Source: WOCCU). "Our global credit union community stepped forward immediately with both concern and support for their Ukrainian peers. Proceeds from the Cooperative Voices Event, as well as donations provided to the Displacement Fund, will help Ukraine's credit unions in the short and long term," Reuter said.
According to a statement from WOCCU, it has a pair of member credit union associations in Ukraine with a 30-year history of providing both regulatory and development support to build and strengthen credit unions there.
For those who wish to donate to the Ukrainian Credit Union Displacement Fund, visit its website or text CUS4UKRAINE to 44-321.
WFCU is the charitable and engagement arm of WOCCU.
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