|During an April 8 visit to Guatemala, California and Nevada Credit Union Leagues President and CEO Diana Dykstra met the full board senior staff of the Federación Nacional de Cooperativas de Ahorro y Crédito (FENACOAC), Guatemala’s national credit union trade association, to discuss planning and strategy.|
|Diana Dykstra, FENACOAC CEO Oswaldo Oliva, and World Council of Credit Unions Vice President of the Worldwide Foundation for Credit Unions Victor Miguel Corro visited with the technical staff of the Superintendency of Banks to advocate for credit union-specific regulation.|
|Diana Dystra discusses the differences between board and staff responsibility in a meeting with FENACOAC’s board and senior staff.|
DYKSTRA MEETS GUATEMALA CU OFFICIALS
updated 04/15/13 04:30 PM
Group Discusses Governance, Strategy
California and Nevada Credit Union Leagues President and CEO Diana Dykstra recently conducted a workshop on governance and strategy with the board of directors of Federación Nacional de Cooperativas de Ahorro y Crédito (FENACOAC), Guatemala’s national credit union trade association.
During the April 8 visit to the Central American country, Dykstra—along with FENACOAC CEO Oswaldo Oliva and World Council of Credit Unions Vice President of the Worldwide Foundation for Credit Unions Victor Miguel Corro—also visited with the Superintendency of Banks to advocate for credit union-specific regulation.
The Leagues have partnered with FENACOAC since 2009 as part of World Council's International Partnerships Program, which seeks to connect developed and emerging credit union movements to form collaborative and mutually beneficial partnerships.
Dykstra’s short visit started with a meeting with FENACOAC's full board and senior staff to discuss planning, strategy, and how to forge a vision of the future in an organization. She emphasized the difference between board vs. staff responsibilities.
“The level of cooperation between FENACOAC and the California and Nevada Credit Union Leagues has helped propel the federation’s board of directors and their initiatives,” said Oliva.
In the afternoon, Oliva, Dykstra, and Corro visited with the technical staff from the Superintendency of Banks, Guatemala’s credit union regulator. Dykstra was asked about how the industry in the U.S. is regulated. The technical staff is working on a draft that will ultimately result in a credit union law in Guatemala. The Superintendency had asked for help in getting case studies for countries in which credit unions are successfully regulated and where the risk is well managed. World Council provided the study.
"The trip was invaluable in a number of ways, one of which was to be able to share information with Guatemala’s credit union regulator to help in the agency’s development of regulations that will be beneficial to the country’s credit unions and its members," Dykstra said.
Guatemala's MICOOPE system—implemented in 2008—comprises 25 credit unions that adopted a unified brand to help with public awareness, ease of transactions throughout the country and growing credit union membership. Currently they have 1.2 million members. MICOOPE is essentially self-regulated, with FENACOAC acting as the monitoring agent.
Among the next steps for the partnership between the Leagues and FENACOAC is a visit from members of the technical staff of the Superintendency of Banks as well as MICOOPE with the California Department of Financial Institutions later this year.
In addition, The Leagues will share with MICOOPE the basic educational tracks for credit union CEOs’ continued educational opportunities. Using the information, MICOOPE plans to develop a curriculum/lecture guide and then a training program. The training program may result in experts from California traveling to Guatemala for training and/or Guatemalan CEOs traveling to California.
Additionally, Diana was invited to participate in FENACOAC's 50th Anniversary in November in Guatemala.
GOLF TOURNEY RAISES 68k FOR PAC updated
05/22/15 11:17 AM
Record Amount Contributed to Cause
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Target/MC Settlement Fails updated
05/22/15 10:16 AM
Target/MC Settlement Fails
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CU Direct Acquires Intuvo updated
05/22/15 10:02 AM
CU Direct-Intuvo Deal Reaches for 'Holy Grail' of Indirect Lending
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CUES Next Top CU Exec Challenge updated
05/20/15 09:45 AM
Nominate a Standout Future Leader for the 2015 CUES Next Top Credit Union Exec Challenge
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LEAGUES AND CONGRESS SEEK CLARITY updated
05/19/15 09:17 AM
Identifying Merchants After a Breach
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WHAT LENDING GROWTH REVEALS ABOUT CA updated
05/19/15 07:48 AM
'Millennials' and The New Car Market
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Toolkit to Address Medical Debt updated
05/18/15 12:08 PM
The National Credit Union Foundation Releases Medical Debt Toolkit for Members
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CMG, AACUL AGREEMENT REACHED updated
05/14/15 11:26 AM
Agreement Balances Strong Financial Support for Leagues While Enabling Insurer to Invest for Policyholder Benefit
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GROSSE, OPP, ORAM ON CO-OP BOARD updated
05/13/15 11:58 AM
Coast-to-Coast Represented on CO-OP Board
Three new members, located in New York, Idaho and California, were elected to the Board of Directors of CO-OP Financial Services during its Annual Shareholders meeting held on May 7.
CU PROFESSIONALS CUDEs CERTIFIED updated
05/13/15 10:16 AM
Foundation’s CU Philosophy Training
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CA CUs RANK HIGH IN RECENT STUDIES updated
05/12/15 08:20 AM
Financial Health, Debt Quality, Performance
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LEAGUE SUPPORTS DATA SECURITY BILL updated
05/12/15 08:18 AM
Tougher State Standards on Retailers
The California Credit Union League has announced its support for Assembly Bill 83 (AB 83) by Assemblyman Mike Gatto (D-Glendale), which would require businesses to enhance data security standards to protect consumers’ personal information using “reasonable security procedures and practices.”
CUS MEET WITH SPEAKER ATKINS updated
05/11/15 08:42 AM
Talks Financial Literacy and More
Today, credit union leaders met with Assembly Speaker Toni Atkins (D-San Diego). The first San Diegan to serve as assembly speaker, Atkins represents assembly district 78, which includes the Southern half of coastal San Diego County encompassing Solana Beach, Del Mar, Coronado, and Imperial Beach with 88 percent of the district’s voters residing in the city of San Diego.
THINK 15 RAISES $100K FOR CMN updated
05/08/15 10:39 AM
CMN Receives Large Donation
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CUNA: CUs WANT ADVOCACY, CHOICE updated
05/06/15 11:04 AM
System Structure and Governance Questioned
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ROYCE ON MBL: 'FAR FROM OVER' updated
05/04/15 12:38 PM
Asks for Members to Contact Congress
Rep. Ed Royce, R-CA, communicated to credit union leaders on Monday regarding ongoing efforts to raise the member business lending (MBL) cap, as well as his parity legislation to re-categorize non-owner occupied residences as residential real-estate loans (H.R. 1422).
THE MILITARY LENDING ACT AND CUs updated
05/04/15 04:04 PM
Congress Attempts to Assist
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AMENDED COMMON BOND RULE PASSED updated
04/30/15 02:46 PM
NCUA Votes 2-1
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DATA BREACH BILL: CAMPAIGN LAUNCHES updated
04/28/15 09:50 AM
Twitter, Facebook, and Email
More than 30,000 credit union members received an actionable email alert through the California and Nevada Credit Union Leagues’ Connect For The Cause program this week regarding Senate Bill 961, the Data Security Act of 2015.
NCUA AGENDA: ASSOC. COMMON BONDS updated
04/28/15 09:01 AM
RBC2 Comment Letter Update
The National Credit Union Administration (NCUA) board will consider a final rule on field of membership (FOM) and associational common bonds at the upcoming April 30 board meeting.
ELLIOT EISENBERG ADDED TO CONFERENCE updated
04/28/15 03:36 PM
'Accelerating Success' This Week
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NCUA TESTIFIES ON REG. BURDENS updated
04/24/15 02:31 PM
House Financial Services Committee
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