WOCCU in ‘Precarious Financial’ Position Due to USAID Freeze
WOCCU’s leader sends a letter to Secretary of State Marco Rubio asking him to honor existing USAID funding obligations.
By Michael Ogden and Jim DuPlessis |
February 03, 2025 at 03:00 PM
X
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
On the same day the Washington, D.C. offices of the U.S. Agency for International Development (USAID) locked its offices to employees after billionaire Elon Musk said President Donald Trump agreed with him to close the agency, WOCCU’s President/CEO Elissa McCarter LaBorde sent a letter to the new U.S. Secretary of State Marco Rubio asking him to honor “existing obligations of funding” while the government reviews all foreign aid programs.
In the letter dated Monday, McCarter LaBorde said the decision to shut down USAID programs has placed WOCCU in a potentially tough financial position.
Struggling to find the balance between an appealing credit card rewards program and the cost of managing it? These consumer trends and industry perspectives will help guide your credit union to building a viable program in 2025.
Packed with data, insights and actionable strategies, this report outlines how your credit union can accelerate digital transformation initiatives in business banking to maintain market share in the increasingly competitive sector.
Gain valuable insights into the latest trends shaping near- and non-prime auto lending, with expert analysis of market recovery, regional dynamics, and consumer behavior.
Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!
Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.