“WOCCU President and CEO Takes Center Stage at GAC 2024, Shares Vision for Credit Unions”
In a recent address, McCarter LaBorde, the President and CEO of WOCCU (World Council of Credit Unions), emphasized the organization’s vigilant stance on emerging regulatory issues affecting credit unions globally. Speaking at the main stage of GAC 2024, LaBorde highlighted the importance of closely monitoring regulatory developments, particularly those rapidly affecting financial institutions in other markets. He stressed the inevitability of these issues reaching U.S. shores and underscored the necessity for credit unions to learn from their international counterparts. LaBorde emphasized the significance of active participation in international policy discussions to ensure that credit unions are well-prepared for forthcoming regulations. By staying informed and engaged at the international level, credit unions can proactively shape policies before they are implemented at the national level, thereby safeguarding their interests and maintaining regulatory compliance.
During his address at GAC 2024, McCarter LaBorde, the President and CEO of WOCCU (World Council of Credit Unions), shed light on the organization’s efforts to enhance financial inclusion globally. LaBorde highlighted WOCCU’s impactful initiatives, made possible through the generous support of member credit union associations such as ACU and individual donors, many of whom were present at the event. He emphasized WOCCU’s commitment to extending the reach of credit unions to underserved communities, citing examples like Peru and Ecuador, where two million Venezuelan migrants and refugees are in need of financial services. Additionally, LaBorde pointed out WOCCU’s focus on supporting farmers and women entrepreneurs in Ukraine, a country grappling with internal displacement affecting four million people. Through these endeavors, WOCCU aims to empower marginalized populations by providing access to financial resources and opportunities for economic advancement. LaBorde’s remarks underscored WOCCU’s dedication to fostering financial inclusion on a global scale, tackling socio-economic challenges, and making a tangible difference in the lives of those in need.
With the 2024 World Credit Union Conference coming up in just over four months, McCarter LaBorde also stressed that thousands in the room have the chance to engage with their international credit union colleagues for the first time, without traveling overseas.
