Field Notes: A Blog of the Worldwide Foundation

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Breaking the Barrier: Part 3

Breaking the Barrier is a four-part series during April detailing how credit unions provide financial literacy and inclusion to millions during times of instability and conflict.

While credit unions are busy fighting the daily battles for their members against global financial illiteracy, it is important to stay up to date on if the war is being won.

Part three of our "Breaking the Barrier" series focuses on three respected and trusted entities in the financial sector who track and keep us informed on whether we are winning the war on financial education worldwide. 

Knowledge is power. Using it to combat issues that are preventing both present and future members from learning sound methods of budgeting, saving and the importance of credit at a granular level has a tremendous impact on the growth of the cooperative movement overall. 

Keep in touch with these three resources: 

Global Financial Literacy Excellence Center (GFLEC)
The GFLEC envisions a world free of financial illiteracy where everyone can achieve their dreams. Their participation in monitoring global financial literacy is rooted in three core activities: research, education, and global policy/services.

Standard & Poor's Rating Services Financial Literacy Report
S&P, a giant in the financial services industry, published findings and provided insights of survey data from 2014 that provides trends and conclusions about specific factors that contribute to or reduce global financial literacy. 

The World Bank Open Knowledge Repository
An open-source library that contains reports, surveys and knowledge far beyond the topic of financial literacy. A one-stop shop for all things relating to the global financial system and its nuances.

Bonus Resource: HowMuch.net

If you are more of a visual learner, I suggest you reference the global and national data maps on financial literacy provided by HowMuch.net, a visualization provider who makes complex financial topics easy to understand and share with others.

Take a quick look at a key map that uses data and research from the GFLEC and translates it into a visual we all can understand: 



Mike Reuter is the Executive Director of the Worldwide Foundation for Credit Unions, the 501c3 charitable nonprofit that supports the World Council of Credit Unions in its mission of providing financial inclusion to millions worldwide by offering tools and engagement experiences to credit unions looking to do “Global Good” through the credit union movement. Connect with Mike at mreuter@woccu.org.



Breaking the Barrier: Part 2

Breaking the Barrier is a four-part series during April detailing how credit unions provide financial literacy and inclusion to millions during times of instability and conflict.

Breaking the Barrier: Part 1

Breaking the Barrier is a four-part series during April detailing how credit unions provide financial literacy and inclusion to millions during times of stability and conflict.

How the Global Women's Leadership Network Scholarship Changed My Life

The adage is true. You don’t know what you don’t know. Having worked my way up through several credit unions over the last 20 years, I felt I had a strong grasp on the credit union movement.  However, like many others in the credit union industry, my perspective was limited by my exposure. While I attended conferences here and there across the state and regularly participated in local opportunities, there was a whole credit union world out there that I knew nothing about.

Accelerate & Scale Up Progress...

Access. Acceleration. Progress. All are key for the Global Women’s Leadership Network to be a catalyst for change advancing women in our industry.

What Does GWLN Mean To You?

The Global Women’s Leadership Network celebrated its 10th anniversary by announcing the launch of its new mobile app to members and supporters at the annual GWLN Breakfast in Washington, DC.  

International Women’s Day is every day for GWLN

With members from Australia to Nepal, from Jamaica to Ukraine, from the U.S. to Thailand, for the Global Women’s Leadership Network (GWLN) every day is International Women’s Day.

B.O.N.D. Community FCU "Thinks Global, Acts Local"



“Think global, act local”
is a mantra for those who strive to leave the world a better place than the one they were born into. No individual ever affected worldwide change without starting close to home.

Partnership Drives Peach State FCU

Peach State Federal Credit Union partnered with the Polish credit union system in 1996, beginning one of the most significant partnerships in our credit union’s history. Our initial credit union partnership agreement ended after 14 years and we celebrated the 15th anniversary of the Polish partnership in 2011 by entering into a new credit union partnership agreement with SKOK St. Brother Albert, located in Szczytno, Poland. Through the 22-year Polish partnership many unique friendships have been developed. We found the international partnership so beneficial that in 2016 we entered into a relationship with National Health Service Credit Union in Glasgow, Scotland, a participant in the Association of British Credit Unions, Ltd. (ABCUL).

Two Weeks in the Global Classroom

The late, great Anthony Bourdain once said - “Travel changes you. As you move through this life and this world, you change things slightly, you leave marks behind, however small. And in return, life – and travel – leaves marks on you.”

The Road to 2025...

In 2014 one of the most common requests that we heard from members was for assistance in increasing membership growth and, in particular, growth of young adult members. In 2014, World Council launched Vision 2020. We took stock of membership levels as of then and projected what an increased membership growth could achieve. World Council launched several exchanges, publications and showcases of best practices in membership growth and in attracting young adults. Country members took on the challenge of membership growth as their own and applied their resources and their talent to the vision.

Five Things You Should Know About...

The Kenya Field Engagement: What We Saw, What We Learned

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