Minnesota’s Credit Unions Host Kenya Union of Savings and Credit Co-Operatives
Thursday, November 9, 2017
ST. PAUL, Minn. (November 9, 2017) – This week, four credit unions in Minnesota and the Minnesota Credit Union Network hosted representatives from 12 Kenyan credit unions, where they are known as SACCOs or Savings and Credit Cooperatives.
This visit, coordinated in partnership with the World Council of Credit Unions (WOCCU), was part of a program designed to explore the operational environment for credit unions in the United States and witness first-hand how they serve and support their communities.
“One of our goals in the meeting between Minnesota’s credit unions and the delegation from Kenya was to highlight credit unions that have noteworthy examples of innovation, successful products and services, community engagement efforts, and initiatives that set them apart from other financial institutions,” said WOCCU Program manager Thomas Belekevich. “Additionally, the meeting was an opportunity to strengthen connections between financial cooperatives around the world through a two-way exchange of ideas about the shared challenges we face.”
During the trip to the United States, the SACCO representatives visited the Minnesota Credit Union Network, Hiway Federal Credit Union, SPIRE Credit Union, Wings Financial Credit Union, and Mayo Employees Federal Credit Union.
The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth and vitality of Minnesota credit unions. With nearly $20 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve more than 1.7 million members at almost 400 branch locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit mncun.org.