EDMONTON, Alberta–The winner of $1 million from a credit union here is 24 years old and just graduated from the University of Alberta.
CU News From Around the Planet
DUBLIN, Ireland–At least three-dozen credit unions in Ireland have imposed a limit on the deposits members can have, in some cases as low as €15,000, as a result of negative interest rates now in place at the country’s two largest banks.
MADISON, Wis.–Ninety-six percent of Venezuelans who have fled to Columbia to escape the violence and economic collapse in their home country have no access to formal financial services, even though more than half said they crossed the border more than a year ago, according to the World Council of Credit Unions.
LONDON–The number of ATMs around the world, which often seem ubiquitous, is on the decline.
MURUPARA, N.Z.–A small town here is out of cash and it may remain that way a local credit union’s ATM was stolen for a second time.
DENVER—A dozen executives from Latin American financial cooperatives are meeting with colleagues from Denver-area credit unions this week to explore ways to improve member access to—and experience with—digital financial services, according to the World Council of Credit Unions.
WAUCHOPE, NSW, Australia–Members of Regional Australia Bank and Holiday Coast Credit Union here have approved a merger between the two institutions.
MADISON, Wis.–Members of the World Council Young Credit Union Professionals (WYCUP) are now looking to replicate a model for youth committees established by the largest credit union system in Brazil and expand it worldwide.
WASHINGTON—The governments of the U.S. and U.K. held their second meeting of the U.S.-U.K. Financial Regulatory Working Group in Washington this week. The inaugural meeting of the Working Group took place in September 2018.
BRUSSELS–The European Commission has agreed to Ireland’s credit unions additional time to complete their restructuring.