ST. PAUL, Minn. — The Minnesota Credit Union Network participated on the welcoming end of a regulator exchange with Paraguay last month as part of the league's WOCCU international partnership with Paraguayan credit union association Central de Cooperatives del Area National Ltda. (CENCOPAN).
The three visitors from Asuncion, Paraguay, included IT consulting firm President Juan Luis Ferriera, CENCOPAN Vice President Pedro Elias Loblein Saucedo and cooperative institute Director Maria Mercedes Ortega Martinez. The group was particularly interested in regulations and technology.
"Many of the main ideas behind the regulations in the United States and Paraguay are the same. The difference is in the methodology and the processes," said Saucedo. "Our goal is to use the information we learn during this trip to examine the Paraguayan regulations and make the regulatory process more practical and efficient."
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