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Highlights of the monthly activities of the ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS
Management Report 25th Asian Credit Union Forum
Calls for Concrete Action on CU Network Integration “Unity also calls for respect — respect the diversity of our Asian Credit Union Movement.
The stability of unity comes from the spirit of equality and oneness. The greatness of unity is that everyone is respected.” Andrew So
ACCU welcomed 620 credit union advocates and enthusiasts
from 38 countries on September 6 to 13, 2015 in Bangkok,
Thailand at the 25th Asian Credit Union Forum hosted by the
Federation of Savings and Credit Cooperatives of Thailand (FSCT)
and the Credit Union League of Thailand (CULT).
Inaugurated by the Secretary General of the Agricultural
Economic Office of Thailand, the topics on the theme Leading
and Managing Change for the Integration of Credit Union
Networks encapsulated changes, challenges and responsibilities
of the leaders as the network pursue higher level of integration
of the credit union networks in Asia.
The forum concluded with recommendations that call for actions on
integration. “It may take many years to integrate, but the first step
has to be taken to start the journey,” according to ACCU President Dr.
Chalermpol Dulsamphant.
Resource persons with extensive experiences and perspectives on the
topics from Australian Supporter Members, World Council of Credit
Unions, Desjardins Developpement international (DID), and technical
resource from member organizations in Asia have contributed to the
success of the forum. The panel discussions at the breakout sessions
allowed participants to engage in the deliberation. The National
Credit Union Federation of Korea is now getting ready to host the
2016 Forum in Incheon, Korea.
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Management Report
34th Annual General Meeting
The meeting held on September 13 in Bangkok, Thailand was attended by 11 voting Delegates from the Regular Members and 5 non-voting delegates from Affiliate Members including observers from Korea, Thailand, Philippines, Vietnam, Australia and Nepal to the General Meeting.
83rd Board of Directors Meeting
In conjunction with the Forum and other credit union events, the five-member Board of ACCU met on September 8. The next regular meeting of the Board is scheduled on March 10 – 12, 2016 in Myanmar.
Audit Supervisory Committee Meeting
The members of the committee President Dr. Chalermpol Dulsamphant and Treasurer Mr. Rishi Raj Ghimire met in Bangkok on September 8, 2015 the regular oversight of the financial operations of ACCU. In attendance on the management side were CEO Ms. Elenita V. San Roque, Administrative Officer Nutchakan Toscha and Secretary/Programs Sukhmeet Sohal. The Committee approved the audited financial statements of ACCU as of June 30, 2015. Au
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5On behalf of the Association of Asian Confederation of Credit Unions (ACCU), the Federation of Savings and Credit Cooperatives Ltd. (FSCT) and the Credit Union League of Thailand Ltd. (CULT), we want to thank all the participants for your active participation at the 25th Asian Credit Union Open Forum. Our objective is to continue to build on concrete action towards CU Network Integration. We certainly hope that the conference has been fruitful and that you have taken the opportunity to make new friends and renew old acquaintances.
All the available presentations have been uploaded to ACCU website. Please copy the following link to the browser to proceed: http://aaccu.coop/publication-documents.php?pub_cat_id=2&cat_name=Technical%20Reports&page=33
Look forward to welcome you again in Korea!
Announcement! Forum Presentations on ACCU website
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The pre-forum workshops (CEOs, HRD, Youth & Women) simultaneously
organized on September 7 - 9 prior to the forum in Thailand concluded
with recommendations serving as inputs to business plan of ACCU and
its member organizations.
The 23 CEOs recommended a systematization of payment platform,
conduct national level orientations to support adoption of the system
and introduce E-Wallets through Credit Unions.
The 48 attendees of HRD Workshop established priorities and elements
for implementing a Corporate Social Responsibility (CSR) model at local
and federation level; Encourage establishment of Stabilization Fund in
the National Federation to protect the member funds; Strengthen the
Federated System starting with IT and lastly recommended each credit
union to provide financial resources to support CSR up to 5% of net
surplus (people tax).
Meanwhile, 25 women and youth enumerated a range of strategies
to increase their participation in both membership and leadership
of credit unions; to add a young voice to ACCU Board; encouraged
women to become members of the Global Women Leadership
Network and encouraged all cooperatives to become ACCESS Branding
Accredited.
TEMENOS technical team Murray Gardiner, Will Hackett, Charlene
Bachman and Marie Valdez facilitated the CEOs workshop, while WAW Credit Union’s Directors Mark Dixen and Diane MaGrath facilitated the
HRD workshop as a resource with NATCCO’s Training and Consultancy Group Head and ALMI member Daisybelle Cabal. While a team from
Encompass Credit Union - Brian Bennett, Louise Aubusson and Gillian George facilitated the Youth and Women’s workshop.
Pre Forum Workshop Recommendations Critical to
CU Network Integration
Sister Society Launched in AsiaSister Societies aim to further the vision of World Council’s Global
Women’s Leadership Network, which is to advance credit union
women in leadership and support outreach to women in World
Council’s development programs worldwide. Sister Societies are
local chapters of the Global Women’s Leadership Network that are
established around the world to further the Network’s global mission
by making a local impact. The purpose is to convene credit union
women, discuss credit union issues, exchange ideas, network with
neighboring credit union leaders, and share lessons learned with
Network members worldwide.
The three main areas of focus: personal development, professional
development, and credit union development. The President and
Founder of the GWLN Susan Mitchell herself launched the SS.
ACCU is anticipating number of SS will be established across Asia.
ACCU launched the Sister society in Asia on September 11 at the Asian Credit Union Forum where 590 (160 women) credit union leaders from 25 plus countries were in attendance.
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Management Report
The Association of Asian Confederation of Credit Unions institutes
a regular and permanent means of recognizing the contributions
of individuals to the credit union development in Asia. The
awards were presented at the opening of the Asian credit union
forum on September 11.
The Individual Recognition Award was bestowed to Mr. Chuang
Chin-sheng for his exceptional leadership and contributions to
credit unions in Taiwan and in Asia. He was instrumental in the
passing of the credit union law in Taiwan. He served as ACCU
President in 1996 to 2000.
The Institution Recognition Award was bestowed to the ten
supporter members from Australia: Bank MECU, Encompass
Credit Union, First Choice Credit Union, Maritime Mining Power
Credit Union, My Credit Union, NSWFB Credit Union, Select
Mutual Banking, The Community Mutual Group, The Shire Local
Banking and WAW Credit Union.
They were recognized for their ongoing financial contribution
for credit union development. The project being supported in
Laos and Bhutan is aimed to organize credit unions that deliver
financial services at affordable costs to sections of disadvantaged
and low-income segments of society.
Remarkable Achievements and Contributions to CU
Development Recognized
Two Philippine Coops Received Accreditation
Tagum Cooperative received the first Silver ACCESS accreditation
while San Jose del Monte Savings and Credit Cooperative received
the Bronze ACCESS accreditation valid from September 1, 2015
to August 31, 2015. The formal awarding was held at the opening
program of the Asian credit union forum on September 11.
ACCESS (Business solution no. 3), based on Balance Scorecard
is a quality assurance standards agreed by members of ACCU.
It can be used as management tool, supervision tool and third
party accreditation. Since ACCESS monitors the four perspectives
of operation, it strikes balance between social and financial
performance of a credit union.
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Management Report
The Asian credit union leaders met 35 delegates from 18 countries as ACCU hosted the PROXFIN’s International Seminar on Governance and
Annual Meeting in conjunction with Asian Credit Union Open Forum on September 8 to 12.
Proxfin is an international network of thirty community finance institutions and Développement international Desjardins (DID) whose
members have made a commitment to work towards the dual objectives of financial performance and social impact which they consider
inseparable. Proxfin’s goal is to foster communication among these institutions which share the same values and approach to performance
and community involvement. ACCU is a member of Proxfin.
Paglaum MPC Project in Progress
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5 ACCU Hosts Proxfin’s 9th Annual Meeting and Seminar in Bangkok
The recent monitoring visit of CEO Elenita San Roque along with
GWLN (Global Women Leadership Network) member Shana
Richardson, and enterprise consultant Patareepan Pongwat
helped Paglaum MPC staff plan for the Business Development
Services program for 2016. The PMPC team acknowledged that
they need guidance on the operation of BDS since the concept is
very new to them.
The BDS is envisioned as vehicle for the poor women members
of PMPC to engage in sustainable business enterprise that will
help them rise above poverty. The BDS shall provide consulting
on business management, linkage to market, generate business
ideas, provide technical and skills training and train women to be
financially literate.
The project was initiated through the 2014 empowerment grant
received by ACCU CEO from the GWLN. The BDS coordinator of
PMPC received an empowerment grant for 2015 to continue the
initiatives.
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Management Report Bangladesh Coop Regulators
Study Credit Union Operations in Thailand
During the 1st week of August, 24 Village Development Fund
partners which comprises of Board and Committee members from
Nanyang Nue, Muangkai, Sopjet, and Phonthong Village in Luang
Prabang district received technical assistance in basic accounting
and proper recording management.
With orderly filling of records and proper training, SACUDIL target
to manage the delinquency rate to less than 5%. This would
include completing the loan information form; loan processing;
approval by the SCU credit committees and on time submission of
monthly report using PEARLS format.
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As per request of the honorable Registrar and Director General of Department of Cooperatives in Bangladesh, ACCU welcomed the 25
government officials to Thailand on August 16-22 for their study visit. The delegates from Sri Lanka also joined the group in visiting the
Federation of Savings and Credit Cooperatives, Credit Union League of Thailand, and St. Peter Credit Union. The group appreciated
the learning and experiences they gained during the study visit. The Cooperative Credit Union League of Bangladesh (CCULB) boasts a
cordial working partnership with the Department.
SACUDIL Provides Basic Technical Assistance
to New SCUs
Random SCU Audit by SACUDIL and RDPE
Performed
The audit performed by the staff of SACUDIL and RDPE (Rural
Development and Poverty Eradication) revealed that SCUs in
Namthoumthai and Phonsawan distributed dividends to members
even no sufficient have been generated.
The staff recommended that the SCUs must follow the regulations
of the Bank of Lao, the regulatory body for savings and credit
unions. Violations on the regulations are grounds for the
cancellation of license to operate. SACUDIL project conducts
random audit of SCUs to prevent malpractices.
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