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CU News (01-06-12)

The Pulse (01-06-12)

January 6, 2012   ‚óŹ   Volume 01, Issue 01

View 01-06-12 Issue of The Pulse

Credit Union News


Welcome to The Pulse

Welcome to the first edition of The Pulse, MnCUN's new weekly newsletter providing credit union professionals and volunteers pertinent and timely information. This publication replaces MnCUN's bi-weekly and monthly newsletters Output, Political Update and Summation and keeps readers up-to-date on the news of the credit union movement.

Divided into topical sections, this newsletter will help readers stay more informed about general credit union information, state and federal political updates and regulatory compliance news. The newsletter will be emailed each Friday morning and archives will be available in the Publications section of the Network website.


MnCUN offers two new CU Day opportunities

This year's Credit Union Day at the Capitol is making it easier for professionals and volunteers to be part of this important advocacy event. Set for Feb. 16 at the Saint Paul RiverCentre, CU Day will feature two new opportunities, including:

  • CU Day Buses
    Hate traffic? Parking a hassle? New this year, MnCUN will provide attendees a free bus ride from Duluth, Cloquet, Moose Lake, Sandstone, Melrose and St. Cloud. 
  • The Crew at the Capitol
    Mid-level credit union professionals under the age of 35 are invited to attend The Crew event at CU Day at the Capitol. The Crew is made up of young credit union professionals who have a desire to grow in their career. During CU Day, Crew members will learn about political advocacy, shadow experienced professionals on legislative visits and participate in an exclusive networking event. Crew members can register for CU Day with the Small Credit Union Discount.

Credit Union Day at the Capitol provides professionals and volunteers the opportunity to share the credit union message at the State Capitol. The day's activities include breakout sessions, legislative updates, meetings with elected officials and an afternoon reception. For more information about this event, visit the Credit Union Day at the Capitol page of the Network website. Be sure to register by Thursday, Jan. 19, to receive $40 off the registration price. All registrations must be received by Thursday, Feb. 2.


Dept. of Commerce names interim Deputy Commissioner

In December, the Department of Commerce announced William Horlitz as the acting Deputy Commissioner of its Financial Institutions Division. Horlitz fills this position as the agency looks for an individual to replace Deputy Commissioner Kevin Murphy who retired in early December after 15 years with the department.

Horlitz has served as Assistant Commissioner of Financial Institutions since 2002. In this role, he was responsible for the on-site examination and monitoring of the financial condition of state-chartered banks, credit unions, thrift companies, and finance and mortgage companies. Horlitz's experience includes 29 years with the FDIC.


Consumers still curious about making the CU switch

Over the past quarter, credit unions have seen a surge in consumer inquiries. Since Bank Transfer Day on Nov. 5, consumers have begun to investigate credit unions as the better banking alternative.

CUNA recently reported that its online credit union locator, aSmarterChoice.org, recorded average daily visits of between 5,000 to 6,000 in November, which is double its October average. That figure is also nearly four times the user volume the website experienced before Bank of America's announcement in late September that it would begin to charge a fee for debit card use, which it later rescinded.

Credit unions can help keep this momentum going by making sure that their membership information is up-to-date on asmarterchoice.org. To update your credit union's information, visit the administration page of aSmarterChoice.org. If you need a password or would like to register your credit union in the database, contact MnCUN Director of Technology Scott Shoberg by email or at (651) 288-5525.


ACER monitors available

Target Credit Union has approximately twelve 17-inch ACER monitors to give to a credit union that needs them. Interested individuals should contact Linda Romine