THE globe

CU News From Around the Planet

BELFAST, Ireland--The Duchess of Cornwall, better known in the U.S. as the wife of Prince Charles, hailed the credit union movement for saving people from the hands of loan sharks during her visit to an award-winning branch here.

SAN JOSE, Costa Rica — CUNA Chief Advocacy Officer Ryan Donovan and Senior Vice President of the League of Southeastern Credit Unions and Affiliates Jared Ross shared best practices and key principles in lobbying during the World Council of Credit Union's Lobbying and Governmental Affairs Workshop here.

ST. THOMAS, V.I.- The Virgin Islands’ Senate Finance Committee has approved a bill to transfer the regulation of some credit unions from the Department of Licensing and Consumer Affairs to the Division of Banking and Insurance under the Lt. Governor's Office.

TORONTO-- Credit Union Central of Canada (CUCC), the association representing Canada's credit unions, issued a statement saying it welcome’s the government’s budget recognition of credit unions as vital players in the economy and the financial sector.

DUBLIN, Ireland—The Irish League of Credit Unions has wrapped up its annual “National GR8 Savers Week,” which is aimed at encouraging parents to spend time talking to their children this week about being sensible with money.

ISLE OF MAN, U.K.—Three different meetings are being held here this week for a Q&A related creating a credit union to serve residents of this island halfway between England and Ireland.

MADISON, Wis.—The World Council of Credit Unions has sent a comment letter to the Basel Committee in response to its proposal on “Expected Credit Losses,” which would require U.S. credit unions to adopt the “expected credit loss” approach to establishing reserves for credit losses.