|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.
ROYCE REINTRODUCES MBL CAP BILL updated
03/02/15 03:31 PM
Raises Limit to 27.5 Percent of Assets
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VETERANS MBL BILL INTRODUCED updated
02/27/15 01:27 PM
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CUs TESTIFY ON FIN. LITERACY updated
02/25/15 10:50 AM
Nat'l. CU Foundation Speaks at FLEC
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02/24/15 10:27 AM
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REACH INNOVATION GROUP KICKS OFF updated
02/23/15 03:15 PM
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CONGRESSMEN VISIT CA, NV CU LEADERS updated
02/23/15 01:53 PM
Plus, Nevada HOA Super Lien Update
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NCUA APPROVES 'SMALL CU' PROPOSAL updated
02/20/15 03:17 PM
Plus: Reg Burden Examples Needed
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CUNA PLEDGES $1M TO MUSEUM updated
02/18/15 04:23 PM
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LONGTIME CU LEADER PASSES updated
02/17/15 10:41 AM
Larry Sharp—Advocate and Volunteer
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CO-OP TO BUY COVERA SOLUTIONS, INC. updated
02/13/15 02:11 PM
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NEVADA CHAIRMAN ADDRESSES COMMITTEE updated
02/12/15 10:44 AM
Urges Reducing Reg., Leg. Burden
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CO-OP RE-LAUNCHES MOBILE BANKING APP updated
02/11/15 09:09 AM
P2P Payments, Remote Check Deposit
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CUs POST IMPRESSIVE GAINS IN 2014 updated
02/09/15 10:20 AM
Membership, Loan Portfolios Up
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CEO TO TESTIFY ON BANKING COMMITTEE updated
02/09/15 02:06 PM
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NV LEADERS MEET WITH STATE LAWMAKERS updated
02/09/15 01:33 PM
HOA Lien Foreclosures Discussed
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CATALYST: PARTICIPATIONS CLEAR 100M updated
02/06/15 11:55 AM
California CUs Included in Deals
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LEAGUE OVERDRAFT SURVEY POSTED updated
02/05/15 11:38 AM
View Results and Final Report
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OIL'S DECLINE PUTS CUs ON THE ALERT updated
02/04/15 02:09 PM
California Members Face Varying Impact
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RMJ CREATES NEW ADVISORY COMMITTEE updated
02/03/15 09:19 AM
Plus, Designation of Excellence for CUs
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WORLD COUNCIL YOUNG CU PEOPLE updated
02/02/15 03:25 PM
Nominate a Professional Today
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CLARK COUNTY CU CEO TO RETIRE updated
01/29/15 10:54 AM
Wayne Tew Served 29 Years at CU
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RATE HIKE UNLIKELY BEFORE MID-2015 updated
01/29/15 08:38 AM
Fed Watching Economic Developments
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'APPLE PAY' EXPANDS IN CALIFORNIA updated
01/28/15 10:07 AM
CU Leaders Discuss Member Adoption
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01/27/15 11:00 AM
Eight Seats Vacant in Fall 2015
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