The Federation of Savings and Credit Cooperatives of Thailand Limited (FSCT) organizes a credit union study visit in Russia on March 12-17, 2019. The program's participants are from FSCTs President, Board of Directors and its member completely 30 individuals. The program consists of a cultural immersion and a visit at Russian Credit Union League (RCUL) on March 14 for learning about their business, experiences and exchange any concepts and ideas. In addition, FSCT and RCUL take this opportunity for MOU signing as well.
The briefly information of RCUL which we would like to introduce, can be seen hereunder.
The League was founded in November, 1994. The League is a voluntary union of credit consumer cooperatives of citizens and other non-profit mutual financial organizations and their unions and it is based on the voluntary, equality of members, self-regulation, publicity and legality principles.
Mission: to develop Russian credit consumer cooperation as the basis of civil society
Objectives:
- to facilitate the creation of real economic democracy in Russian society
- to develop regional and national infrastructure of Russian credit union movement and to provide comprehensive assistance to the members in the framework of legislation in force
- to enter in international cooperative movement as a representative of Russian Cooperative Movement
- to provide equal possibilities for credit unions and their associations to participate in Russian and international credit union movement
- to consolidate economic, social and legal status of credit unions to increase availability of financial services for wide sections of population
Directions of activities:
- to develop the general strategy of credit cooperation movement in Russia
- to represent and defend the interests of the members - credit unions and their associations in state bodies and international organizations
- to spread methods of credit training and its social, economic and democratic values
- to assist the creation adequate legal basis of activities and taxation of credit unions
- to assist the creation of associations and other regional associations of credit unions
- to develop and approve the system of quality standards activities of credit unions-members of the League, forms of registration of financial activities of credit unions
- to advocate for ideas and principles of credit unions in Russia
- to develop and to put into practice educational programs for all practitioners of credit union movement
- to create the audit system of credit unions activities
- to assist the standardization of accounting and financial account of credit unions
- to participate in creation of system of loan and savings insurance for members of credit unions
- to assist the creation of financial infrastructure of credit union movement
- to assist the creation of single information space of credit unions and their associations
The League represents Russian credit cooperation movement to World Council of Credit Unions (WOCCU) and also be a member of Trade and Industry Chamber of Russian Federation.
FSCT is looking forward to collaborating and continuing any program, training and seminar mutually.
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