New Partnership Supports International Credit Union Community
30th April 2021
This new project aims to share research and resources with credit unions in the UK and Ireland.
Filene Research Institute announced an exclusive partnership with the Dublin, Ireland-based CMutual to expand research and resources available to credit unions in the United Kingdom and Ireland.
The Madison, Wis.-based Filene, an independent cooperative financial think tank, released information on Thursday that this exclusive knowledge sharing partnership with insurance specialist CMutual will help provide CMutual's credit union partners with full access to Filene's research, reports, tools and library.
"CMutual works hard to leverage our international and national experience and connections in support of our partners to ensure that they have access to knowledge, expertise and scale that equips them with the tools needed to make the right decisions," CMutual CEO Paul Walsh said. "This partnership with Filene is an investment in our credit union partners in support of our shared vision and a commitment to working cooperatively."
According to Filene, this new venture will give those UK and Ireland-based credit union partners access to a number of helpful topics, including:
Diversity, Equality and Inclusion
“Filene is excited to further develop credit unions in the UK and Ireland through CMutual’s partnership,” Filene CEO Mark Meyer said. “We love to see the success of cooperative finance across the globe and with CMutual’s shared values, we will continue to help these organizations grow and thrive.”
The latest quarterly report by the Bank of England shows UK Credit Unions continue to increase in strength. The report published on 30 April 2021 showed - Adult membership of credit unions increased in 2020 Q4 after decreasing in 2020 Q3.
A new £15 million fund has been announced to support affordable lending services. It will support Credit Unions and Community Development Financial Institutions (CDFIs) which offer financial help to those who have poor credit and are often turned away from high street banks.
International Credit Union (ICU) Day celebrates the spirit of the global credit union movement. The day is recognized to reflect upon the credit union movement's history, promote its achievements, recognize hard work and share member experiences.
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