ACCU Forum in Kuala Lumpur September 26-28
Credit union leaders from all over Asia will converge in Kuala Lumpur on September 26 – 28 for the 2019 Asian Credit Union Forum to forge the direction that the sector will take in the next few years. With the theme “Making Positive Impact on the Lives of People through Ethical Cohesion for Financial Stability, Good Governance and Inclusivity of Asian Credit Union Networks. The biggest delegation is the Philippine contingent composed of 161 participants, followed by Indonesia (76), Nepal (76)
Credit union leaders from all over Asia will converge in Kuala Lumpur on September 26 – 28 for the 2019 Asian Credit Union Forum to forge the direction that the sector will take in the next few years. With the theme “Making Positive Impact on the Lives of People through Ethical Cohesion for Financial Stability, Good Governance and Inclusivity of Asian Credit Union Networks.
The biggest delegation is the Philippine contingent composed of 161 participants, followed by Indonesia (76), Nepal (76), Bangladesh (35), Malaysia (35), South Korea (35), Thailand (34).
The event is organized yearly by the Association of Asian Confederation of Credit Unions (ACCU) based in Thailand.
There are three main breakout sessions tracks:
Financial Stability: the track leads to the discussion of the fiduciary duty of the Board in ensuring the financial stability of credit unions and the network. Focus will be on measurement of the members’ economic upliftment as impact of the services credit unions provide.
Good Governance: The question of “how to improve governance?” is the most pressing from a policy perspective. For the first time, the Forum objectively shares known cases on governance failures and learn lessons from these. To be discussed are behavior and culture and a governance quality assurance tool will be introduced.
Inclusivity. This is a moral responsibility of credit unions to give a diverse voice platform for the community they are in. Inclusivity is the accessibility of the services to a broad range of the population irrespective of any differences. Emphasis will be on the poor, women, and youth.
According to the invitation of the AACCU, “Attending our forum presents a great value and an excellent opportunity to meet experts and learn about the latest development in the credit union movement.
As every year, the Forum will conclude with “Forum Recommendations”, based on the discussions at the plenaries and break-out sessions.
On April 28, 1971, delegates from 9 Asian countries – Japan, Hong Kong, Korea, Malaysia, the Philippines, Indonesia, Taiwan, Thailand, and South Vietnam came to Seoul, Korea to fulfill an individual collective dream – to cooperate with neighbors for the good of all. The representatives convened to assist and support the Planning Committee in developing the necessary requisites towards the formation of the confederation – an alliance of actual credit union centers leagues, federations of Asian countries with the mission to assist members to organize, expand, improve and integrate credit unions so they can fulfill their potential as effective instruments for the development of people in Asia. The Asian Confederation of Credit Unions or ACCU for short was officially formed.
In its role as a regional organization for credit unions, ACCU performs representation, development, liaison and coordination functions on behalf of the Asian credit union movements. It also provides members and potential members’ services in long and short-term technical assistance, training, and information. Governed by a Board of Directors representing member organizations, ACCU operates through six Divisions: the Planning and Development, Member Services, Promotion, Marketing and Research, Business Development, and Support services.
ACCU is composed of 30,473 cooperatives all over Asia, managing Assets of US$ 169 Billion of 35 million individual members.
Photo of Kuala Lumpur courtesy of www.wikipedia.org