NACUFOK holds 31st Exposure Program
- Date : Friday November 16, 2018
- Venue : Seoul
The 31st NACUFOK Exposure Program was held at the NACUFOK Seoul Central Office and Golden Light(Geum-bit) Credit Union in Jeju Island, during a period of five days from November 12th to 16th. A total of 16 people from Nepal, Thailand, the Philippines, Bangladesh, Japan and Canada participated in the program.
The contents of the training were focused on the history and success factors of Korea 's credit union movement, the current status of NACUFOK Credit and Cooperative Insurance Businesses, and Supervisory and Deposit Protection Systems of NACUFOK. By sharing the experiences of different Asian Credit Unions, the NACUFOK Exposure Program provided an opportunity for participants to exchange information about each credit union and to strengthen the global credit union network.
Also, this year’s program was particularly meaningful in that Japanese leaders from The Shinkumi Federation Bank, National Central Society of Credit Cooperatives, and the Association of Korean Credit Cooperatives in Japan were invited and given the opportunity to become a part of the Asian Credit Union network.
Currently, the Japanese organizations are not affiliated with the Association of Asian Confederation of Credit Unions, nor the World Council of Credit Unions, but are planning to become a part of the global movement.
In order to support the co-development of credit unions in Asia, NACUFOK has for 31 years been inviting Asian credit union leaders to share the Korean credit unions’ experiences and management practices. NACUFOK has also been providing all domestic expenses for participants, as a form of support for Asian credit unions. The NACUFOK Exposure Program is well known as a training program for the leadership of the Asian credit union movement.