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Highlights of the monthly activities of the ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS

Management Report Asian Solidarity called for

SACCOS Rebuilding in Nepal

The 7.8-magnitude quake that hit Nepal on Saturday destroys

buildings in Kathmandu and severely affecting rural areas across

the region. As of April 28, the death toll has risen to 4,310, with

almost 8,000 injured, officials say.

ACCU is in contact with its two members – the National

Federation of Savings and Credit Cooperatives (NEFSCUN) and

the Nepal Cooperative Bank (NCBL) to support them on their

efforts to rebuild SACCOS affected by the quake.

A fund raising campaign was circulated to ACCU network to

help NEFSCUN and NCBL in their rebuilding efforts. The funding

will be used to construct credit union offices plus required

equipment enabling them resume operation soon after clearing

job is completed. If sufficient fund is raised, the support can

also extend in the building of members houses flattened by the

quake.

To support disaster recovery efforts, members may send their

donations to the following account of ACCU:

Account Name: Asian Confederation of Credit Unions

Bank: Bangkok Bank Public Company Limited

Address of Bank: Klongchan Branch, No. 52, Seri Thai Road,

Bangkapi, Bangkok, Thailand 10240

Account Number: 156 4 30210-5

Swift Code: BKKBTHBK

There will still be years of recovery needed!

As of May 15, ACCU received contribution from the following

supporters:

Australia:

• Encompass Credit Union

• Select Credit Union

• First Choice Credit Union

• Victoria Teachers Mutual Bank

• Maritime, Mining & Power Credit Union

• Sutherland Credit Union

• Bankmecu

Malaysia:

• Koperasi Kredit Pekerja-Pekerja Berhad

Philippines:

• National Confederation of Cooperatives

Taiwan ROC:

• Credit Union League of the Rebuplic of the China

We appreciate your contributions. Your generosity will make an

immediate difference in the lives of our members in Nepal.

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NEFSCUN’s Chair Fills Board Vacancy Rish Raj Ghimire, the Chairman of the Nepal Federation of Savings and Credit Cooperative Unions

(NEFSCUN) joins the ACCU Board following the vacancy in April. Mr. Hung, Chi-wen the Treasurer of

ACCU from the Credit Union League of the Republic of China – Taiwan (CULROC) is no longer a delegate

of CULROC to ACCU. Ghimire has been involved in the Nepal SACCOS movement for more than 25 years.

Through his leadership, the integration of SACCOS is taking into shape. He is a number one supporter

of ACCU programs in Nepal and making sure it is being institutionalized at the federation. He has vast

experience on credit unions locally and internationally. Ghimire was elected as Alternate Board in the

September 2014 General Meeting.

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Sister Societies Making its way in Asia

Three sister societies (SS) organized two months in a row in Asia – Philippines, Nepal and Thailand with the aim to further the vision of

World Council of Credit Unions’ Global Women’s Leadership Network (GWLN), which is to advance credit union women in leadership and

support outreach to women in World Council’s development programs worldwide.

The purpose of its existense is to convene credit union women, discuss credit union issues, exchange ideas, network with neighboring

credit union leaders, and share lessons learned with Network members worldwide. The three main areas of focus: personal development,

professional development, and credit union development.

Notably, all the leaders of the Sister Societies are Asian Development Educators.

The first SS in Asia was organized in the Philippines on March 29 at Paglaum MPC with 42 women.

ACCU CEO Elenita and CTO Ranjith assisted at the first meeting of SS at Mahila Abhiyan SACCOS in Nepal on April 19 with 30 women members.

ACCU CEO assisted SS Leader Kruewn Chonlanai of the Credit Union League of Thailand on the first the 50 women on April 23.

Human Capital Development a Top Priority for NEFSCUN & NCBL

A total of 52 (22 from NEFSCUN and 32 from NCBL) credit union

leaders and professionals were trained by ACCU in separate training

sessions.

The Nepal Federation of Savings and Credit Unions (NEFSCUN)

organized a Mini Master Program on SACCOS Management on April

11 to 14 while the National Cooperative Bank of Nepal organized the

Credit Union Competency Course on April 15 to 18.

NEFSCUN has 2,300 SACCOS members while NCBL has 8,000 coop-

erative members of which around 6,000 are SACCOS and the rest are

other types of cooperatives with at least 80% operation is financial

services.

Both attendees from NEFSCUN and NCBL will have to submit post –

course work to receive their certification from ACCU.

Myanmar SCC News

A S S O C I A T I O N O F A S I A N C O N F E D E R A T I O N O F C R E D I T U N I O N S

VOL: 2

Issue No.: 4

30 April 2015

Residents of rural villages from select townships in Myanmar positively respond to call for living financially literate lives as they organize and manage by

themselves a savings and credit cooperative right in their own immediate community.

“Our members are delighted to be given the opportunity to save in an institution that they trust. It is very convenient since the transaction is right

here in our village,” noted U Myo Min Min Win, Chairperson of San Htwar Savings and Credit Cooperative, Shan Your Village, Kangyidaunt Twonship,

Ayeyarwaddy Division.

His cooperative is one of eleven (11) new SCCs during 2nd round of organizing under ACCU-CCS Project. As of April 2015, there are now 6,700 members

in 26 SCCs from 21 townships covering a total of 171 villages with accumulated Shares and Savings of USD 124,000.

SCCs Intensify Promotion of Financial Literacy to Villages

SCC Managers Close Books And Analyze First Year of Service to

Members

A respectable 2% Return on Asset, earned from loans fully funded by

internally-generated liquidity, was posted by Myanmar SCCs after one year

of service to their members. Managers participated in the job training on

closing of final accounts conducted in Project Office and extracted this

information from the consolidated financial reports for the fiscal year April

2014-March 2015.

As agreed, 100% of Net Surplus will be credited to General Reserve Fund to

build Institional Capital.

ACCU Staff Participate Technical Training on CUBIS Software

To provide effective technical support to Myanmar SCCs using CUBIS

(Credit Union Business Information Solution) Software, Training and

Development Officer Dindo A. Meroy, together with SACUDIL Project

Manager Mr. Choua Va Xiong of Lao PDR, underwent intensive 5-day

technical training on Sofware Installation and Database Management in

Colombo, Sri Lanka on April 21 to 26, 2015.

Hands-on activity and exposure visit to one credit union, which has been

a satisfied CUBIS user for the last seven years, fittingly ended the training.

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ANNOUNCEMENTThe 18th Asian Credit Union Development Education Workshop

schedule on June 14 - 20, 2015 in Bangkok has now been closed. Thankyou to everyone who has registered so far!

ASIAN CREDIT UNION FORUM @ 25

Leading & Managing Change for the Integration of Credit Union Networks

Organizer:

Hosts:

Mark YourCalendar!Pre - Forum Workshop: September 7 - 9, 2015

Asian Credit Union Open Forum: September 10 - 12, 2015

Annual General Meeting: September 13, 2015

US$ 100 Discount when you register by May 31, 2015

A FANTASTIC WAY TO CONNECT, COMMUNICATE, CONSPIRE...

For more inquiry, please email:

accumail@aaccu.coop

Happy and Light Stories of ACCU Now on Facebook!

(www.facebook.com/accu.thailand)

Our Founding President, Andrew So has written 35 Happy and Light Stories of ACCU. He is the living witness of how ACCU and the Asian credit union movement thrive over the years - 44 years now!

It is a wonderful opportunity to put them in writing and share with all of you. Watch out for the 35 stories of the Asian Credit Union Movement as as we are uploading them in our Facebook account.

"Happiness is revealed by the sparkle of one’s face and features, in the way one walks and acts, and how one interacts with others. In the life of ACCU as

the apex of credit unions in Asia, there are many happy, light and yet inspiring

stories. These stories are radiant and very real." . . . Andrew So