TruStage signs agreement committing to grow credit union system in Africa
recently entered into an MOU with the African Confederation of Co-operative Savings and Credit Associations (ACCOSCA). As part of this arrangement, TruStage is set to deploy two dedicated staff members to assist ACCOSCA in launching the ACCOSCA Academy Centers of Excellence. Their responsibilities will include streamlining operations, fostering international recognition, advocacy, and collaborations, and supplying exclusive content for educational program development. This agreement is slated to last for five years.
This development follows just over a year after TruStage, previously known as CUNA Mutual Group, pledged $125,000 to ACCOSCA. This donation aimed to provide African savings and credit cooperative employees with enhanced training and educational prospects.
Having been at the forefront of championing the ‘people helping people’ ethos for nearly nine decades, TruStage continually strives to create brighter financial prospects for all, stated TruStage’s President and CEO, Robert N. Trunzo. He expressed his pride in this significant collaboration with ACCOSCA, aiming to cater to the financial and educational requirements of Africa’s underserved communities.
ACCOSCA Executive Director, George Ombado, highlighted the transformative potential of this partnership, anticipating an uptick in financial security for households across Africa. He thanked TruStage for its financial and technical support, emphasizing its significance in achieving ACCOSCA’s vision of establishing a Co-operative Centre of Excellence.
The MOU was officially signed at the 25th annual African-American Credit Union Coalition (AACUC) conference in Stone Mountain, GA, by TruStage’s CEO, Robert N. Trunzo, and ACCOSCA’s George Ombado. Terrance Williams, set to take over from Trunzo as TruStage’s CEO in October 2023, witnessed the signing.
Terrance Williams, reflecting on the collaboration, praised ACCOSCA’s dedication to fortifying Africa’s financial landscape and expressed optimism about its broader implications for promoting global financial prosperity.