Microfinance expert joins WOCCU
The $16M-revenue World Council of Credit Unions has hired Elissa McCarter LaBorde as CEO, effective Aug. 16, citing her more than 20 years of experience in delivering financial services to underserved communities. She succeeds Brian Branch, who is retiring after 31 years with the Madison, Wis.-based organization and has been chief executive since 2011.
LaBorde is VP of development finance at Global Communities, an international development and humanitarian aid organization. She has also been CEO since 2009 of Vitas Group, a for-profit holding company created by Global Communities. Vitas Group has become the largest commercial retail microfinance operation in the Middle East, according to the WOCCU news release.
“The opportunity to lead and rethink how we scale financial services by leveraging technology and building on the trust that credit unions uniquely have in so many places is exciting,” LaBorde said.