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European Network of Credit Unions

ENCU

The European Network of Credit Unions is an informal network of European credit union associations within the World Council of Credit Unions (WOCCU) which is the global trade association and development agency for credit unions promoting sustainable development of credit unions and other financial cooperatives around the world.

Lobbying Activity

Meeting with Andrea Beltramello (Cabinet of Executive Vice-President Valdis Dombrovskis)

17 Nov 2022 · Credit Unions, support to Ukraine, sustainability

Meeting with Agnieszka Drzewoska (Cabinet of Commissioner Mairead Mcguinness), Katherine Power (Cabinet of Commissioner Mairead Mcguinness), Paul Moley (Cabinet of Commissioner Mairead Mcguinness) and Afore Consulting

17 Nov 2022 · Introductory meeting

Meeting with Nicolo Brignoli (Cabinet of Commissioner Mairead Mcguinness)

17 Mar 2022 · World Council of Credit Unions

Response to Alignment of EU rules on capital requirements to international standards (review processes)

11 Feb 2022

While we generally support alignment of EU rules with International Standards as they relate to capital requirements, we urge the EU to maintain the CRD IV exemptions for smaller, less complex financial institutions such as credit unions so that capital standards can be established by national level regulators. The Basel III Framework includes the principle of proportionality and the CRD IV treatment is consistent with this proportional approach. Credit Unions are still highly regulated under national regimes, and in some instances more stringently than their banking counterparts.
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Response to Action Plan on anti-money laundering

11 Mar 2020

See attachment.
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