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Thailand
Philippines
I n d o n e s i a
Papua New Guinea
Lao PDR
Cambodia
Vietnam
Hong Kong
Taiwan
Japan
South Korea
China
Mongolia
Nepal
Bangladesh India
Bhutan
Malaysia
Singapore
Afghanistan
Pakistan
Myanmar
Sri Lanka
Brunei
R u ss i a
North Korea
East Timor
Report of the Association of Asian Confederation of Report of the Association of Asian Confederation of Credit Union ACCU Credit Union ACCU
7 Asia-Pacific Co-operative Ministers’ Conference New Delhi India
Ranjith Hettiarachchi Ranjith Hettiarachchi Chief Executive Officer Chief Executive Officer
0
2000
4000
6000
8000
10000
12000
14000
16000
1972 1980 1990 2001
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
1971 1980 1990 2001
0
5000
10000
15000
20000
25000
30000
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
No. of Credit Unions
Individual Members of Credit Unions
Assets in Million US$
“credit unions are touching the lives of more than 10 .5
million people in Asia.”
Members: The Source of Great Strength
10,570,827 Individual Members in 15,494 credit unions
15 regular members 6 net working countries
15 Regular Members 1. Credit Union League of Bangladesh
2. Credit Union Coordination of Indonesia
3. Credit Union League of Hong Kong
4. Credit Union Promotion Club- Malaysia
5. Credit Union League of the Republic of China - Taiwan
6. Credit Union League of Thailand
7. Federation of Savings and Credit Cooperatives - Thailand
8. Federation of Thrift & Credit Cooperatives Societies - Sri Lanka
9. Japan Credit Unions
10. National Credit Union Federation of Korea
11. Nepal Federation of Savings & Credit Cooperatives
12. Philippine Federation of Credit Cooperatives
13. National confederation of Cooperatives in Philippines
14. Federation of Savings and loan Society Ltd PNG
15. Central Peoples Credit Fund Vietnam
9 Affiliate Members
CUNA Mutual Group – USA Credit Union Foundation Australia
International Raifeisen Union –GermanyResearch Institute of Labour Banks-Japan
Singapore National Cooperative Federation Ltd. Mol-Al-Movahedin Credit Cooperative-Iran
Cambodian Community Savings Federation Development Promotion Group India
USC Nepal
Supporter Members 19
Why this is happening?
1.Social welfare image in the marketplace
What are the issues in Credit Unions
2. Lack of enabling legislative & regulatory environment that could impose prudent operating standards
What are the issues in Credit Unions
3. Professional management
What are the issues in Credit Unions
4. A highly competitive and rapidly evolving financial sector
This ismy vision..
TODAY….
““PERSONALIZATIOPERSONALIZATION”N”President, Board of Directors are important…..
“INSTITUTIONALIZATION”Institution is important the framework for thesystem to work is installed ...
FUTURE..YEAR 2002 & beyondTRANSITION...
This is painful but necessary!
Our CU is smart & strong!
By-Laws ChangesPolicy dev’t. & reviewProduct DevelopmentStandardizationIntegration
This is all we’ve got to do!!!
Our modest achievement.Our partnership with members enabled “Have Less” build wealth through savings and access an affordable financial services.
A Savings Based Approach to Microfinance
CUMI
Supporter Members
Microfinance
Putting Credit Unions in the Frontline
MembersEngaging Credit UnionsMake difference Have
Less
On the lives
Microfinance Innovation Innovation in Credit Unions ….as a strategy
We strongly forward looking to meet We strongly forward looking to meet the growing and diversified urge the growing and diversified urge
Credit Unions and their services be Credit Unions and their services be needs of the poor….Bangkok needs of the poor….Bangkok
DeclarationDeclaration
MembersBuilding Strong Support Base
Professionalization
Of Credit Unions in
Asia
Professionalization
Of Credit Unions in
Asia
Our achievement so far…
We are creating sustainable mechanisms whereby our
members can build on fundamentals of credit union
systems, procedures and norms thereby increasing their
competitiveness.
Credit Union Image in the Marketplace
Monitoring & Evaluation Systems - Integrated System
Financial Disciplines& AdministrativeControl Systems
Human ResourceHuman ResourceDevelopmentDevelopment
SystemSystem
Market Information& Product Dev’t.
System
CharacterCompetence
Compensation
Market DrivenHigh Quality
Profit Oriented for better service
Uncompromised
Financial Strength &Administrative
Controls, Standardize Operations
Policies - Comprehensive
Below the Ground… Core Foundation PrinciplesAttitude, Visionary, Honesty, Courageous, Integrity, Sacrifice
SafeInstitution
QualityProducts & Services Trust-
Worthy People
External
External Appearance
What are we really aiming for?
Key Success Factors•Financial viability
•Operational Efficiency
•Competitive position
•Member satisfaction
•Employee satisfaction
Mapping the Credit Union’s future
Financial
viability
Operational
Efficiency
Competitive
position
Member satisfactio
n
Employee satisfacti
on
How do we Achieve? Financial viability
Operational
Efficiency
Competitive
positionMember satisfactio
n
Employee satisfactio
n
What would be the ToolsFinancial viability
Operational
Efficiency
Competitive
positionMember satisfactio
n
Employee satisfactio
n
Financial Management
Planning Tools for growth
Products and Services
Human Resource Management
Organizational Policies-Framework of
the organization
Management Tools Developed
1. Organization & Governance
2. Human Resource
3. Financial Management
4. Credit Management
5. Products & Services
Regulators conference On October 26 to 30 2003 . Bangkok
Declaration
Bangkok Declaration
together we renew our commitment….
•
national policy on standards and compliance of
Credit Recognition of the Central Bank for the financial
cooperative
Separate Law for Savings and Credit
cooperative
by establishing appropriate, relevant framework and mechanisms for regulation for the safe and sound
operation of Credit Cooperatives/Unions. Members first at all times
prudential standards for credit union and ensure compliance with
the joint efforts of government regulatory authority and the Credit
Cooperative/Union Federations
We believe putting members
is the best guiding principle for us to operate
Our existence is for the members
The source of our strength is our members
With that our plans, policies, governance,
services and products will follow
that principle….member driven.
Thank you very much!
Please visit our website:
www.aaccu. coop