Missouri CUL, Barbados Partner
The Missouri CU Association (MCUA) and the World Council of CUs Inc. (WOCCU) have entered into an agreement to provide assistance and leadership to the Barbados CU League. According to the MCUA, Barbados' 39 credit unions have the third-highest rate of membership penetration worldwide with more than 50% of the nation's citizens as credit union members. With total deposits increasing 255% in the past four years, Barbados credit unions are having difficulty meeting the technological challenges to better serve their members.
"We were asked by the World Council to explore ways to share our expertise and assist the Barbados league with its operational and technological challenges," MCUA President/CEO Rosie Holub said. A Missouri credit union team, coordinated by WOCCU, will visit the Barbados league within the next few months. Barbados representatives then will travel to Missouri.