Preparation for the 2020 Asian Credit Union Forum Starts
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Preparation for the 2020
Asian Credit Union Forum Starts
As soon as the 2019 Forum was completed, ACCU management started the planning for the
2020 forum set to happen in Nepal on September 20 to 27, 2020.
ACCU Chief Executive Officer and Chief Technical Officer met with the Chairmen, CEOs
and senior management of the hosts: Nepal Federation of Savings and Credit Cooperative
Unions (NEFSCUN) and National Cooperative Bank Ltd. (NCBL) on November 30 to
December 5 to scout for appropriate venue. Considering the capacity of the venues, the forum
for 2020 can accept maximum 400 international attendees. Prospective venue was shortlisted.
It is anticipated that the selection of the venue can be finalized by January 2020.
Nepal, dubbed as “Roof of the World” has altitudinal range that goes from as low as 59
meters up to 8,848 meters. Since Nepal holds a major part of the Himalayas, it’s no wonder
that 8 out of 10 of the world’s highest mountains are in Nepal.
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Coop Led Payment System
Discussion Anew
The workshop on national clearing house organized by the National Cooperative Bank
Ltd. on December 2 led to the conclusion on the need for a payment platform owned
and operated by the cooperative sector. ACCU shared the experience of Kaya Payment
platform piloted in the Philippines which can be used as a model in creating the
payment system in Nepal. Attended by Board and CEOs of large SACCOS and
National Clearing House of Nepal, NCBL in collaboration with NEFSCUN were
tasked to take necessary action to realize the vision of digitization of cooperatives.
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NEFSCUN Partners with District
Unions to Support Integration of SACCOS
Movement
In a workshop held on December 3, NEFSCUN called upon the chairs and General Managers
of District Unions to come up with win-win solution in the delivery of services to SACCOS.
Facilitated by ACCU, both parties agreed that the impact of their existence is helping
members, especially the disadvantaged, to uplift their socioeconomic wellbeing. Thus,
NEFSCUN takes leadership to transform the movement in an integrated operation for
efficiency and effectiveness.
The workshop emphasized that NEFSCUN and DUs have only one focus which is the
integration of the SACCOS network. Thus, the business of the DUs is to ensure an increased
level of integration based on the four elements: pooling of resources, standardization,
contractual solidarity and structure of governance. The workshop concluded with a list of
compliance required from District Unions.
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Regulation on Stabilization Fund Seen as
a Significant Means to Protect the
SACCOS in Nepal
On December 4, facilitated the workshop on Stabilization Fund attended by the members of
the SF Committee appointed in pursuant to the guidelines issued by the government. The
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sharing of the concepts and operations of SF made the committee aware on the gaps in the
law and guidelines recently promulgated for Nepal’s financial cooperatives. However, the
committee considered the creation of the law and guidelines as big step by the government to
protect the financial cooperatives.
Live Demo of a Real-time Interoperable
Payment System Held in the Philippines
and Indonesia
A live demo on December 10th in the
Philippines featured demonstration of
how a real-time, interoperable payment
system could allow credit unions to
perform Peer-to-peer transfers, QR-
code-based merchant payments and
Page 6 of 11 Customer on-boarding/registration With Indonesia on December 12, the events represent the next step for the Worldwide Foundation's Interoperable Digital Financial Services for Credit Unions’ Project. The one-year planning-phase project has established a foundation for an interoperable, open-loop, low-cost, real-time payment platform for World Council of Credit Unions' (WOCCU) network of credit unions across Asia. WOCCU is partnering on the project with the Association of Asian Confederation of Credit Unions (ACCU), Credit Union Central of Indonesia (CUCO), National Confederation of Cooperatives (NATCCO) and Philippines Federation of Credit Cooperatives (PFCCO). “The goal is to use this live demonstration event as a bridge to the next phase of this project—where we plan to pave the way for the global digitization of credit unions, starting with an interoperable digital payment system for Asia,” said Megan O’Donnell, WOCCU Vice President of Financial Inclusion. WOCCU partnered with Paysys Global LLC and ModusBox, Inc. on the technical
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configuration and development of the live demonstration platform.
Source: WOCCU
BOL Released the Certificates for the
Formation of SCU Association
On December 27, 2019, the Bank of Lao The tripartite (BOL-ACCU-DGRV)
PDR (BOL) released the certificates for the meeting held in Bangkok on December 6
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Laos Association of SCUs (LASCUs) identified the support activities for the
approving the 5 members of the Board, Association of SCUs once it receives its
Bylaws of the association, and the registration.
establishment of the Association of SCUs.
Under the association law, LASCUs must The plan was meant to capacitate the
get the registration with the Ministry of association enabling it to carry out its
Interior using the certificates issued by role in the promotion and strengthening
BOL. of SCUs in Laos.
PFCCO’s Congress Sets Blueprint for
Gender Balanced Coops
Attended by more than 150 committee on Gender, ACCU shared its vision on Gender
program at the first PFCCO Gender and Development congress held on December 13 in
Manila. Since imbalance on the economic and political involvement of women are issues,
ACCU’s vision is to economically empower women by supporting them gain dependable
income through scalable enterprises.
The Global Women’s leadership Network
is a platform that all credit unions should
embrace to uplift the leadership capacity of
women. Empowered women of credit
unions can also use the network to initiate
community engagements aimed at creating
difference in the lives of other women or
disadvantaged members of the community.
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Credit Union Values Resonate to the Values
Indigenous Communities Nurture
Page 10 of 11 Together with NATCCO CEO, CEO Leni San Roque presented the credit union advantage for the economic development of people, especially the disadvantaged, in a conference organized by the Commission of Indigenous People of Taiwan on December 15 to 17 in Taoyuan, Taiwan. The credit union is a model that indigenous people around the world can consider adopting for their economic development. The cooperative values of self-help, self- responsibility, democracy, equality, equity and solidarity reinforce the uniqueness of credit unions. In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility and caring for others. These values resonate to the values of indigenous communities need to be preserved and protected. Taiwan’s indigenous people are members to at least 120 credit unions in Taiwan.
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Electronic Business Solutions Unveiled!
We are happy to announce the unveiling two tools in our website:
• ACCESS Self-Diagnosis: it’s a tool a credit union can use to identify SW (Strengths and
Weaknesses) as input to Strategic Planning. On a regular basis, this is also a tool that
can be used to identify opportunities for improvement. Please follow the link for the
tool: http://access.branding.crplk.com/login
• SDG Monitor: we encourage our members to promote this tool to your member credit
unions enabling us to show our contribution to SDGs. The aggregated figure per
federation and country and region will be shared with the UN SDG monitor. Please
follow this link to see the tool: http://sdgmonitor.crplk.com/sdgsummary
ACCESS Self-Diagnosis Tool
SDG Monitor Tool
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