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Highlights of the monthly activities of the ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS
Management Report Asian Solidarity called for
SACCOS Rebuilding in Nepal
The 7.8-magnitude quake that hit Nepal on Saturday destroys
buildings in Kathmandu and severely affecting rural areas across
the region. As of April 28, the death toll has risen to 4,310, with
almost 8,000 injured, officials say.
ACCU is in contact with its two members – the National
Federation of Savings and Credit Cooperatives (NEFSCUN) and
the Nepal Cooperative Bank (NCBL) to support them on their
efforts to rebuild SACCOS affected by the quake.
A fund raising campaign was circulated to ACCU network to
help NEFSCUN and NCBL in their rebuilding efforts. The funding
will be used to construct credit union offices plus required
equipment enabling them resume operation soon after clearing
job is completed. If sufficient fund is raised, the support can
also extend in the building of members houses flattened by the
quake.
To support disaster recovery efforts, members may send their
donations to the following account of ACCU:
Account Name: Asian Confederation of Credit Unions
Bank: Bangkok Bank Public Company Limited
Address of Bank: Klongchan Branch, No. 52, Seri Thai Road,
Bangkapi, Bangkok, Thailand 10240
Account Number: 156 4 30210-5
Swift Code: BKKBTHBK
There will still be years of recovery needed!
As of May 15, ACCU received contribution from the following
supporters:
Australia:
• Encompass Credit Union
• Select Credit Union
• First Choice Credit Union
• Victoria Teachers Mutual Bank
• Maritime, Mining & Power Credit Union
• Sutherland Credit Union
• Bankmecu
Malaysia:
• Koperasi Kredit Pekerja-Pekerja Berhad
Philippines:
• National Confederation of Cooperatives
Taiwan ROC:
• Credit Union League of the Rebuplic of the China
We appreciate your contributions. Your generosity will make an
immediate difference in the lives of our members in Nepal.
1
NEFSCUN’s Chair Fills Board Vacancy Rish Raj Ghimire, the Chairman of the Nepal Federation of Savings and Credit Cooperative Unions
(NEFSCUN) joins the ACCU Board following the vacancy in April. Mr. Hung, Chi-wen the Treasurer of
ACCU from the Credit Union League of the Republic of China – Taiwan (CULROC) is no longer a delegate
of CULROC to ACCU. Ghimire has been involved in the Nepal SACCOS movement for more than 25 years.
Through his leadership, the integration of SACCOS is taking into shape. He is a number one supporter
of ACCU programs in Nepal and making sure it is being institutionalized at the federation. He has vast
experience on credit unions locally and internationally. Ghimire was elected as Alternate Board in the
September 2014 General Meeting.
42
Management Report Ap
ril 2
015
Sister Societies Making its way in Asia
Three sister societies (SS) organized two months in a row in Asia – Philippines, Nepal and Thailand with the aim to further the vision of
World Council of Credit Unions’ Global Women’s Leadership Network (GWLN), which is to advance credit union women in leadership and
support outreach to women in World Council’s development programs worldwide.
The purpose of its existense 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.
Notably, all the leaders of the Sister Societies are Asian Development Educators.
The first SS in Asia was organized in the Philippines on March 29 at Paglaum MPC with 42 women.
ACCU CEO Elenita and CTO Ranjith assisted at the first meeting of SS at Mahila Abhiyan SACCOS in Nepal on April 19 with 30 women members.
ACCU CEO assisted SS Leader Kruewn Chonlanai of the Credit Union League of Thailand on the first the 50 women on April 23.
Human Capital Development a Top Priority for NEFSCUN & NCBL
A total of 52 (22 from NEFSCUN and 32 from NCBL) credit union
leaders and professionals were trained by ACCU in separate training
sessions.
The Nepal Federation of Savings and Credit Unions (NEFSCUN)
organized a Mini Master Program on SACCOS Management on April
11 to 14 while the National Cooperative Bank of Nepal organized the
Credit Union Competency Course on April 15 to 18.
NEFSCUN has 2,300 SACCOS members while NCBL has 8,000 coop-
erative members of which around 6,000 are SACCOS and the rest are
other types of cooperatives with at least 80% operation is financial
services.
Both attendees from NEFSCUN and NCBL will have to submit post –
course work to receive their certification from ACCU.
Myanmar SCC News
A S S O C I A T I O N O F A S I A N C O N F E D E R A T I O N O F C R E D I T U N I O N S
VOL: 2
Issue No.: 4
30 April 2015
Residents of rural villages from select townships in Myanmar positively respond to call for living financially literate lives as they organize and manage by
themselves a savings and credit cooperative right in their own immediate community.
“Our members are delighted to be given the opportunity to save in an institution that they trust. It is very convenient since the transaction is right
here in our village,” noted U Myo Min Min Win, Chairperson of San Htwar Savings and Credit Cooperative, Shan Your Village, Kangyidaunt Twonship,
Ayeyarwaddy Division.
His cooperative is one of eleven (11) new SCCs during 2nd round of organizing under ACCU-CCS Project. As of April 2015, there are now 6,700 members
in 26 SCCs from 21 townships covering a total of 171 villages with accumulated Shares and Savings of USD 124,000.
SCCs Intensify Promotion of Financial Literacy to Villages
SCC Managers Close Books And Analyze First Year of Service to
Members
A respectable 2% Return on Asset, earned from loans fully funded by
internally-generated liquidity, was posted by Myanmar SCCs after one year
of service to their members. Managers participated in the job training on
closing of final accounts conducted in Project Office and extracted this
information from the consolidated financial reports for the fiscal year April
2014-March 2015.
As agreed, 100% of Net Surplus will be credited to General Reserve Fund to
build Institional Capital.
ACCU Staff Participate Technical Training on CUBIS Software
To provide effective technical support to Myanmar SCCs using CUBIS
(Credit Union Business Information Solution) Software, Training and
Development Officer Dindo A. Meroy, together with SACUDIL Project
Manager Mr. Choua Va Xiong of Lao PDR, underwent intensive 5-day
technical training on Sofware Installation and Database Management in
Colombo, Sri Lanka on April 21 to 26, 2015.
Hands-on activity and exposure visit to one credit union, which has been
a satisfied CUBIS user for the last seven years, fittingly ended the training.
4
Management Report Ap
ril 2
015
ANNOUNCEMENTThe 18th Asian Credit Union Development Education Workshop
schedule on June 14 - 20, 2015 in Bangkok has now been closed. Thankyou to everyone who has registered so far!
ASIAN CREDIT UNION FORUM @ 25
Leading & Managing Change for the Integration of Credit Union Networks
Organizer:
Hosts:
Mark YourCalendar!Pre - Forum Workshop: September 7 - 9, 2015
Asian Credit Union Open Forum: September 10 - 12, 2015
Annual General Meeting: September 13, 2015
US$ 100 Discount when you register by May 31, 2015
A FANTASTIC WAY TO CONNECT, COMMUNICATE, CONSPIRE...
For more inquiry, please email:
Happy and Light Stories of ACCU Now on Facebook!
(www.facebook.com/accu.thailand)
Our Founding President, Andrew So has written 35 Happy and Light Stories of ACCU. He is the living witness of how ACCU and the Asian credit union movement thrive over the years - 44 years now!
It is a wonderful opportunity to put them in writing and share with all of you. Watch out for the 35 stories of the Asian Credit Union Movement as as we are uploading them in our Facebook account.
"Happiness is revealed by the sparkle of one’s face and features, in the way one walks and acts, and how one interacts with others. In the life of ACCU as
the apex of credit unions in Asia, there are many happy, light and yet inspiring
stories. These stories are radiant and very real." . . . Andrew So