February 25, 2011 ● Volume 34, Issue 04 Archived Issues
Annual Meeting registration now open
You are invited to join your credit union colleagues April 8-9 for MnCUN's Annual Meeting & Convention. Registration is now open for this premier credit union event, which offers a weekend of education, networking and entertainment. Those that register by Tuesday, March 15, will receive the early bird discount.
To be held at the Sheraton Hotel in Bloomington, this year's Annual Meeting sessions will provide credit unions tools, information and insight to successfully overcome current obstacles and embrace future opportunities. Educational topics include business development, digital opportunities, director education and more. In addition, the conference's luncheons will provide insight from experts on member service and political issues.
The conference will also feature a free breakout session to help credit union directors comply with the NCUA's new director financial literacy rule. To be held twice during the weekend – once on Friday afternoon and once on Saturday morning – this session will help directors develop an understanding of basic finance and accounting principles. While there is no charge to attend only this session, pre-registration is required.
As always, the Annual Meeting will feature a business meeting, tradeshow and interactive fundraisers. The event will conclude with the Saturday evening awards banquet, which recognizes credit union accomplishments, celebrates milestone anniversaries, and reveals the recipients of MnCUN's Outstanding Professional and Volunteer of the Year Awards.
Complete information, a printable brochure and online registration can be found on the Annual Meeting & Conventionsection of the Network web site. With questions, contact MnCUN Director of Education Sue Groskreutz by e-mail or at (651) 288-5521.
MnCU4Kids donates $168,000+ to children’s hospital
Demonstrating an extraordinary commitment to their communities, the Minnesota Credit Union Foundation’s Credit Unions for Kids (MnCU4Kids) committeeraised more than $168,000 for Gillette Children’s Specialty Healthcare in 2010. During a visit to the hospital on Feb. 22, representatives from the Minnesota Credit Union Foundation presented a check totaling the funds raised by credit unions around the state.
As a sub-committee of the Foundation, MnCU4Kids works with credit unions throughout the state to raise money for Gillette, Minnesota’s Children’s Miracle Network-affiliated hospital. Throughout 2010, the volunteer committee coordinated a variety of large- and small-scale fundraisers that engaged credit unions and members. Fundraisers included a golf tournament, Bowl-O-Rama, Chain of Hearts, and a Minnesota Hold’Em Poker Tournament. Individual credit unions also coordinated their own fundraisers that consisted of cook-outs, candy bar sales, and casual days.
"Through the combined efforts of credit unions throughout the state, the committee was able to surpass its 2010 fundraising goal by more than $18,000,” said Pat Brekken, Chair of the Minnesota Credit Union Foundation. "The success of the committee’s fundraising efforts demonstrates the positive impact that credit unions have on their communities.”
MnCU4Kids also received support from several local and national companies that work with credit unions, most notably CO-OP Financial Services. CO-OP Financial Services matched funds raised at the committee’s Annual Meeting event, along with contributions given at fundraisers coordinated by several credit unions throughout the state. Its support of MnCU4Kids in 2010 was part of the organization’s broader efforts, donating $1 million dollars nationwide to Children’s Miracle Network hospitals through its Miracle Match program.
"This year the committee was overwhelmed by the support we received from vendors, credit unions and members,” said Katie Grindeland, co-chair of MnCU4Kids. "Through the cooperative efforts of supporters from around the state, we were able to truly live out the credit union philosophy of ‘people helping people.’”
All money raised through the MnCU4Kids program supports Gillette Children’s Specialty Healthcare, helping kids with disabilities and chronic conditions. Gillette is based in St. Paul, with clinics located around the state. Credit Unions for Kids is a national program, which is endorsed by nearly all 50 state credit union leagues.
New site touts CUs as the smarter choice
On Feb. 28, CUNA will debut a new consumer web site called "aSmarterChoice.org." The web site will provide credit unions with a tool to educate potential members and the media about the credit union movement. It was developed under the guidance of state league representatives – including MnCUN President & CEO Mark D. Cummins – and tells the credit union story in a unique and compelling way.
ASmarterChoice.org will emphasize the exceptional value and service credit unions offer. Specifically, it will feature:
- A comprehensive credit union locater that includes membership information of credit unions in Minnesota and around the country;
- Basic information about credit unions; and
- "Good news" about credit unions that appears in the media.
For more information about the new national consumer web site, visit the CUs: The Smarter Choice page of the Network web site. Be sure to visit the aSmarterChoice.org on Feb. 28 for a link to the live web site.
Network expands partnership with CO-OP Financial Services
CO-OP Financial Services and the Minnesota Credit Union Network announced on Feb. 22 an expanded partnership to market all CO-OP products and services. CO-OP offers services that maximize member convenience and operational efficiencies for credit unions, including CO-OP Network, payment processing, e-commerce, shared branching and call center services.
CO-OP Financial Services currently works with more than 30 credit unions in Minnesota, and provides more than 400 surcharge-free ATMs to members of participating credit unions in the state through its flagship CO-OP Network. Credit union members can also access 28,000 surcharge-free CO-OP Network ATMs nationwide.
"We have been a partner of CO-OP Shared Branching for many years,” said Mark D. Cummins, President & CEO of MnCUN. "By representing CO-OP’s entire portfolio of carefully integrated products, we see a tremendous opportunity to help Minnesota credit unions provide better service to members, reduce service costs through volume and relationship pricing, and increase revenues.”
"Our goal at CO-OP is to make sure that credit unions can compete and win against banks by making it easy for members to access their accounts,” said Stan Hollen, President/CEO of CO-OP Financial Services. "Through our partnership with MnCUN, we can provide more credit unions in Minnesota with the tools they need to become the primary financial institutions of their members.”
For more information on products and services offered by CO-OP Financial Services, contact MnCUN Director of Business Development Vickie Ganrude by e-mail or at (651) 288-5515.
Four additional companies join MnCUN’s Vendor Involvement Program
Four more companies recently enrolled in the Minnesota Credit Union Network’s Vendor Involvement Program (V.I.P.), bringing the total number of program participants to 26. The V.I.P. provides vendors committed to the ideals of the credit union movement the opportunity for increased visibility among Minnesota credit unions.
The following organizations became V.I.P. participants within the past month:
- Banker’s Equipment Service;
- Case & Associates;
- Enventis; and
- Gislason & Hunter, LLP.
With products and services ranging from telecommunications to credit union equipment to legal counsel, these organizations are committed to helping credit unions meet members’ needs. Through MnCUN’s V.I.P., they have the opportunity to optimize business relationships with credit unions through Annual Meeting packages, unique exposure, and exclusive opportunities to participate in new MnCUN initiatives.
Participants of MnCUN’s Vendor Involvement Program agree to offer professional service, quality product lines and competitive pricing. Participation in the Vendor Involvement Program does not constitute an endorsement by the Minnesota Credit Union Network.
Credit unions are encouraged to check out the products and services offered by participants of V.I.P. For more information about the participants of this program, visit the Vendor Involvement Programpage of the Network web site.
Twins and Gopher schedules available to credit unions
Help your members gear up for spring by providing 2011 Twins and Gophers baseball schedules. Available through the Network, these schedules can be customized with your credit union’s information and may be ordered in any quantity.
To order your baseball schedules, complete the Twins/Gophers Schedule order formand return it to MnCUN Director of Technology Scott Shobergat the Network office:
Minnesota Credit Union Network
Twins/Gophers Schedule Order
555 Wabasha Street North, Suite #200
St. Paul, MN 55102
With questions, contact Shoberg by e-mail or phone at (651) 288-5525.
CUNA Mutual offers CU protection resources
Dedicated to helping credit unions minimize loss, CUNA Mutual Group offers its policyholders a variety of online resources. The Protection Resource Centerprovides credit unions proactive information prepared by experts to help protect them against the latest risks, scams and shams.
The content in the online Protection Resource Center provides credit unions with exclusive access to the following resources.
- RISK Alerts: E-mails on emerging and prevalent risks warn staff and provide credit unions with recommended actions to mitigate loss before it happens.
- Loss Prevention Library: A vast collection of risk management and educational white papers, checklists, assessments and planning guides help credit unions manage risk with confidence.
- Webinar Library: This library provides access to an ongoing series of CUNA Mutual Group’s Credit Union Protection Webinars. Register for live sessions or listen to recorded sessions online 24/7.
- Risk Assessments: Quick and concise assessments and recommendations help credit unions in high-level risk identification and loss control efforts.
- Protection eLearning: Online learning modules provide a foundation of risk management tips and techniques to equip credit unions during uncertain situations.
Check out the Protection Resource Centerand the tools, information and insight it has to offer. For more information about CUNA Mutual Group, contact MnCUN Director of Business Development Vickie Ganrude by e-mail or at (651) 288-5515.
FIS makes finding Visa products easy for consumers
Competing with banks for credit cards just got easier for FIS clients. The company recently introduced its "Find A Card” service, which provides consumers a quick and easy way to find the Visa product that best suits their needs.
Credit unions currently using FIS can sign up for free with Card Services for Credit Unions (CSCU) to have their card offering listed in this online tool. When a consumer clicks on a card that meets their needs, they will be taken to the credit union's homepage to learn more about the Visa product. To assist consumers, credit unions can spruce up their home page with current, easy-to-find Visa product information and an online application. Visit the CSCU web site to have your information added to Visa.com’s Find A Card listing.
Discover the benefits FIS has to offer your credit union and its members. For more information about this or other products offered by FIS, contact MnCUN Director of Business Development Vickie Ganrude by e-mail or at (651) 288-5515.
Embrace relationships with members through Harland Clarke
Is your credit union looking to strengthen relationships with its members? If so, turn to Harland Clarke, a company dedicated to helping credit unions build stronger relationships to gain primary financial institution status, attract new members, increase cross-selling opportunities, and maximize operational efficiencies.
Harland Clarke was formed in 2007 when Clarke American Corporation joined with the John H. Harland Company. Together the companies have more than 200 years of experience, offering direct marketing services, check delivery and anti-fraud products, contact center services, and checks and check-related products to credit unions and their members. The company's products and solutions include:
- Share draft and check printing services;
- Business checks and forms;
- Direct marketing;
- E-mail marketing; and
- Analytical services.
Explore opportunities with Harland Clarke to strengthen your relationships with your members. For more information about Harland Clarke, contact MnCUN Director of Business Development Vickie Ganrude by e-mail or at (651) 288-5515.
Calendar of Events
The Minnesota Credit Union Network offers a wide variety of educational opportunities for credit union professionals and volunteers. Check out the roundtables, telecourses, and webinars available. Professionals and volunteers are also invited to attend MnCUN's Annual Meeting & Convention on April 8-9. To register for this and other events, visit the online Event Calendar.
- March 2 (10 a.m.): TeleCourse – Regulation Z
- March 2 (2 p.m.): Webinar – Death of a Member
- March 3 (2 p.m.): Webinar – Director Training: Ratios, Concentrations & Investment Valuations
- March 8 (9 a.m.): Family Involvement Council Meeting
- March 8 (10 a.m.): TeleCourse – Teller Regulations
- March 8 (2 p.m.): Webinar – Mortgage Reform & Anti-Predatory Lending
- March 9 (12 p.m.): MnCU4Kids Committee Meeting
- March 9 (2 p.m.): Webinar – Essential HR Recordkeeping
- March 10 (10 a.m.): TeleCourse – Notary Public Training
- March 10 (2 p.m.): Webinar – Appraisal & Evaluation Program
- March 10 (5:30 p.m.): Central Minnesota Chapter Meeting
- March 15 (10 a.m.): TeleCourse – Selling the Credit Union Way
- March 15 (5 p.m.): Archer Doig & River Cities Chapter Meeting
- March 16 (2 p.m.): Webinar – Flood Compliance Update & Review
- March 17 (1 p.m.): Seminar – Commercial Lending