WFCU Facilitates Peer-to-Peer Cooperation to Support Credit Union Digitalization in Ukraine
Advantis Credit Union and Dundalk Credit Union step in to help purchase computer hardware for their Ukrainian peers
May 21, 2024
MADISON, Wis.—Thirty-six laptops and 10 multifunctional printers have been delivered to Ukrainian Credit Unions' Anisiya and PVKS thanks to a partnership Worldwide Foundation for Credit Unions' (WFCU) helped them build with two of its Champions—Advantis Credit Union (US) and Dundalk Credit Union (Ireland)—who financed the purchase of the items to boost WFCU’s Digitalization Program.
Launched in 2023 in cooperation with the USAID/WOCCU Credit for Agriculture Producers (CAP) Project, the program helped both PVKS and Anisiya Credit Unions fully migrate to a new core banking system, which allows for API integration and improved credit union operations.
With 2024 bringing a new challenge of making the core banking system work at full capacity, the credit unions needed to update the hardware used by their employees. This is where WFCU’s champions joined the effort and provided targeted financial support to their Ukrainian colleagues.
As a result:
- PVKS Credit Union purchased 11 laptops leveraging the support provided by Dundalk Credit Union.
- Anisiya Credit Union purchased 25 laptops and 10 multifunctional printers thanks to Advantis Credit Union’s donation.
“The funds received allowed our credit union to upgrade hardware, install new software and improve our digital capabilities. Now, we can serve our clients much faster and provide more modern and quality services. Thanks to your help, we feel that we are not alone in our challenging struggle for freedom and democracy,” said Volodymyr Sydorovskyy, CEO of Anisiya Credit Union.
WFCU continues to stand side-by-side with Ukrainian credit unions facing unprecedented consequences from Russia’s ongoing full-scale invasion. Through its Ukrainian Credit Union Displacement Fund, WFCU has implemented 11 relief and recovery programs totaling US $1.64 million to support Ukraine’s credit unions with expense reimbursement, digitalization, extra liquidity for lending, and even needed drinking water and power generators—all of which also benefited their members, including farmers, SMEs and other vulnerable groups dealing with impacts from the war. For more information, please see the WFCU Ukraine Relief Results report.
WFCU also invites its generous donor community to support a new initiative to be launched through Ukraine’s credit unions—the Venerate Ukraine’s Veterans Program—to ensure affordable loans are available to Ukrainian veterans and their families who are looking to start businesses. To donate to this program, please click here.
The Worldwide Foundation for Credit Unions, as the strategic partner of the World Council, bridges gaps impacting credit unions' ability to grow and advance financial inclusion worldwide. Our commitment to provide global credit union journeys augments our shared vision with World Council's of realizing a vibrant and growing global credit union movement. Worldwide Foundation's philanthropy advances World Council's technical capacity to strengthen credit union systems that advance financial inclusion to underserved communities.
Organization: World Council of Credit Unions
E-mail: gneumann@woccu.org
Phone: +1 608-395-2048
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