12 January

Asian CU Executives Plan for the New Normal

  • Date : Tuesday January 12, 2021
  • Venue : Nonthaburi

CEO Leni San Roque expressed deep appreciation to the CEOs of member organizations to keep high hopes and respond to the needs of members affected by the pandemic at the CEOs' meeting of ACCU member organizations on January 12, 2021.  She added that ACCU continues to offer learning platforms and business solutions to address the long-term impacts of COVID 19 on their members. 


Updated by the CEO of the Nepal Federation of Savings and Credit Cooperative Unions (NEFSCUN), Mr. Prakash Pokharel reported that 293 SACCOS achieved the Probation Branding. On the other hand, more than 700 SACCOS introduced Business Development Services. ACCU intensifies disseminating the BSD manual in 2020 as a member-based response to the pandemic's impacts.


The 2021 activity plan presented by CEO Leni San Roque included the technical assistance to members, training of the trainers, deployment of the CU Business Solutions, Board Retreats, and COVID-Recovery Planning.  The technical assistance helps national federations review their Strategic Plan in conformity with Integrated Credit Union Network's shared vision. 


The CEO of the National Cooperative Bank Limited (NCBL), Mr. Badri Guragain, suggested developing a mechanism to build a liquidity fund for credit unions financially impacted by the COVID 19. He further addressed that the cross-country funding concept is crucial and thus, needs to be studied. 


The CEO Leni San Roque shared that the ACCU Digital Finance and Infrastructure Committee (DFIC) recommended supporting the existing Kaya Payment Platform initiative in the Philippines to demonstrate the possibility of operating a coop led payment system. Other countries can use the experience of Kaya in setting up their payment system, the CEO added.


For the 50th Anniversary of ACCU, the Chief Technical Officer Ranjith Hettiarachchi informed that the team is closely monitoring the situation. He said that ACCU organizes an online celebration on April 28, 2021 - the foundation day of ACCU. 


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