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Jointly organised by the World Council of Credit Unions (WOCCU) and the Singapore National Co-operative Federation (SNCF), World Credit Union Conference 2018 (WCUC) kicked off with an opening ceremony on 15 July 2018. WCUC is the only conference that has a global focus on improving lives through credit co-operatives.

In WCUC 2018, credit co-operatives worldwide gathered at Singapore to discuss fintech trends, new technologies and global regulatory trends affecting the financial services industry today.

 dolly goh wcuc heng chee how wcuc 
 Ms Dolly Goh, CEO, SNCF  Guest-of-Honour, Mr Heng Chee How, Senior Minister
of State for Defence and Deputy Secretary of NTUC

Singapore is the first country in Southeast Asia to host this high-level global  event for the credit co-operative industry. Strong collaborative efforts between Singapore Tourism Board, SNCF and credit co-operatives were instrumental to Singapore winning the bid in 2016 to host this annual event.  

 

This year there was a total of 74 representatives from Singapore attending the conference sessions, together with over 1,400 leaders from the world’s leading credit co-operatives in 58 countries. Guest-of-Honour Mr Heng Chee How, Senior Minister of State for Defence and Deputy Secretary-General of NTUC, graced the opening ceremony at the Suntec Singapore Convention and Exhibition Centre. Mr Heng welcomed the delegates and encouraged them to stay competitive by embracing technological innovation and digital transformation to “effectively compete with other financial institutions and fintech in meeting the demands of new generation of members” while contributing to greater social good.

group photo sg excoMr Heng Chee How with representatives from SNCF, CCFC and affiliates


Over 50 leading industry experts shared their experience during keynote and breakout sessions on advocacy, blockchain technology, cybersecurity, diversity and inclusion, fintech, leadership and emerging trendsDr Ang Hak Seng, Deputy Secretary, Ministry of Culture, Community and Youth (MCCY) and Executive Director, Registry of Co-operative Societies was one of the speakers for the breakout session on Innovation in Regulation. 

polwel coop booth wcucPOLWEL Credit Co-operative Society had an exhibition booth at WCUC 2018


On the afternoon of 18 July, participants who had signed up for the field trip visited the co-operative of their choice. The field trips were separately hosted by AUPE Credit Co-operative, Straits Times Credit Co-operative and TCC Credit Co-operative.

wcuc field visit aupeOne of the field trips was held at the AUPE Credit Co-operative


The event concluded with a closing party on 18 July with food, drinks and entertainment.

wcuc closing partyWCUC 2018 Closing Party

Let’s hear from the delegates and SNCF representative of their experience at WCUC 2018:

Terence SncfTerence Pan, SNCF, who took part in the international flag parade, a long-standing tradition said:

“I feel proud that Singapore is part of a wider global movement of credit co-operatives that exists for the purpose to uplift the financial excluded societies. It’s very heart-warming to be part of it!” He also felt privileged to represent Singapore to welcome and host the delegates from 58 countries, and being part of the co-operative movement in Singapore.

Terence is also intrigued from the sharing of successful technological innovations such as Colombia's credit co-operatives adopting a rural outreach model to expand financial inclusion in some of its most marginalised areas and the development of ACCU Payment Platform (APP), part of ACCU’s efforts to modernise services to members and to extend financial inclusion around Asia. He “enjoyed learning from leaders of other co-operatives, especially those initiatives created to promote a financial inclusive society.”



 

Pat Duffield Atlantic Central Credit Unions
    Ms. Pat Duffield
    Chair
    Atlantic Central Credit Unions

“Singapore is a safe, wonderful and clean country. My daughter said it is the safest country she has ever been to. The attractions are good and I enjoyed my stay here!”


To WOCCU: “Kudos to Anna, Kassandra and team for the smooth management. They are wonderful organisers!“

 

 

 

 

 

 

 

 


 

Dominic Uni Of Ghana Credit Coop
Mr. Dominic Adjei-Kyereh
Treasurer
University of Ghana Co-operative Credit Union

“This is my first time in Singapore. It is a beautiful city. My board members and I would be here for a total of 10 days to learn from the conference while enjoying the attractions here!”

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