UNFCU Expands In Kenya

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The $1.7-billion United Nations FCU has opened a new Liaison Office at the UNON Gigiri campus here. UNFCU announced its expansion, as well as a grant to fund a new Multimedia Centre at the United Nations Library in Nairobi, at a ribbon-cutting ceremony and reception, which took place here.

More than 75 UN officials, heads of its specialized agencies, regional, government and UN credit union representatives, business leaders and UNFCU management attended the festivities. The newly constructed, 170-square- meter facility, which mirrors UNFCU Liaison Offices in Europe, was established to provide a wide range of financial and consultative services to more than 2,600 permanent UN employees, representing 52 UN organizations.

The UN community in Africa represents 11.7% of UNFCU's total membership, with 1,179 UNFCU members in Kenya alone. The credit union said it has seen a 107% increase in monthly membership enrollment for Kenya since its management team conducted a series of presentations and meetings in Nairobi in August 2002.

As part of the grand opening celebration, UNFCU will hold a Nairobi Week event at its branches in New York and its liaison offices, which are based at UN headquarters in Vienna, Austria and Geneva, Switzerland. In addition, UN and UN agency staff, their families and retirees, who visit the Nairobi Liaison Office and open UNFCU Savings Accounts are eligible to win sweepstakes prizes, including a $1,000 share certificate, $500 deposited into their savings account and a UNFCU International Calling Card with a value of $250.

Prizes will also be given to new members opening Start Smart youth savings accounts for their children or grandchildren.

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