Chairman and President of NACUFOK Yoon-Sik Kim
Credit unions are not-for-profit cooperative financial institutions serving the community, including low and moderate income families, based on cooperation, mutual self-help and honesty. Since 1960, credit unions have made a significant contribution to improving the social and economic status of low and middle income families, thus serving the broader spectrum of society.
Credit unions not only play the role of a financial institution by providing a range of financial services such as savings and loans, but also takes on the role of promoting community development based on its philosophy. Credit unions are also part of a global network with over 82,000 credit unions in 120 countries around the world.
We will do our best to realize a credit union model fit for the 21st century. By providing electronic banking services and a vast range of products, and building a successful risk management system, we will faithfully carry out our role of serving the community, while adding value to communities through social welfare programmes.
We promise to continue our efforts to accelerate the growth and development of the credit unions to ensure a bright and prosperous future for all members.
Thank you.