September 10, 2010 ● Volume 33, Issue 18 Archived Issues
FIC scholarships available
The Minnesota Family Involvement Council (FIC) has $11,000 available in scholarship money for Minnesota credit union members who are continuing their education.
The FIC is offering two $1,000 scholarships and eighteen $500 scholarships to 20 credit union members throughout Minnesota. Any individual pursuing post-secondary education in the 2011-2012 school year is eligible.
To apply, credit union members must complete a one-page application form and submit an essay answering the following questions: "What does the phrase ‘living within your means’ mean to you? How can your credit union help you achieve this?”
Applicants’ answers to these questions will be available for credit unions in the spring. These answers will provide credit unions insight into their own promotional efforts.
The scholarship packet is available on the Family Involvement Council web site. In addition, the web page contains scholarship promotional materials, including a downloadable web banner, sample newsletter article and ideas to generate interest. With questions, contact any member of the FIC.
Three reasons why your members should be GREAT
Next month your credit union is invited to help make your members GREAT. MnCUN’s Political Involvement Committee has designated October as GREAT month, a time to encourage credit union members to join the GrassRoots Education & Action Team.
GREAT provides members the opportunity to do their part to preserve, protect and promote the Minnesota credit union movement. There are three main reasons why credit union members should join GREAT.
- It’s free: Participating in GREAT doesn’t cost members a dime and only takes a few minutes of their time. Occasionally, they receive e-mails asking them to contact their elected officials about a particular issue. This task can be completed with about five clicks of the mouse.
- It’s easy: With each GREAT e-mail, members receive a sample message to use when communicating with elected officials. Supporters can use this template to quickly and easily send a message to lawmakers.
- It makes a difference: By participating in this program, credit union members join other supporters from across the state in sharing the credit union story with elected officials. When thousands of credit union supporters send the same message to lawmakers, it has the potential to make a difference in the legislative process.
This membership drive is intended to coincide with any celebrations your credit union has planned for International Credit Union Day or Co-op month, which are also slated for October. As members come through your doors for cook-outs, contests, cake, or other celebration activities, take the opportunity to enroll them in GREAT.
To assist credit unions in publicizing GREAT to members, the Network has created a variety of free promotional materials. A sample newsletter article and three web graphics are available for download. Credit unions can also order free lobby posters and GREAT sign up forms.
For more information about this initiative and to download promotional materials, visit the GREAT Membership Drive page of the Network web site.
October educational opportunities
In October, credit union professionals and volunteers will have the opportunity to participate in educational conferences focused on current credit union topics. Check out the learning opportunities available next month.
- IRA Training: Essentials & Advanced – Oct. 6-7
The Network’s IRA Training provides instruction for credit union professionals of various knowledge levels. This training curriculum will apply to all credit unions, regardless of who administers their program, as the rules and basic forms are universal. One- and two-day attendance options are available.
The first day of the workshop will focus on IRA basics and provide attendees with a solid foundation of knowledge. Attendees will leave this session able to work with IRA owners and process basic IRA transactions with confidence. Building on attendees’ understanding of the basics, day two of the training will provide guidance on how to address complex IRA issues. The session will utilize real-world exercises to help participants apply the information they learn to real-life job situations.
- Small Credit Union Conference – Oct. 15-16
Geared toward managers and volunteers of credit unions with less than $25 million in assets, the Small Credit Union Conference addresses the unique challenges and opportunities facing smaller sized credit unions. During the conference, attendees will receive new perspectives on key industry issues. Investigate how to grow the credit union, learn how to improve collections, analyze the economy's impact on financial statements and more. There will also be a panel discussion featuring individuals from the Minnesota Department of Commerce, NCUA and LarsonAllen, LLP.
Detailed information and online registration for both conferences are available in the Event Calendar section of the Network web site. With questions, contact MnCUN Director of Education Sue Groskreutz or MnCUN Vice President – Education & Credit Union Development Neil Christy.
Celebrate credit unions in October
Minnesota credit unions are invited to join national and international celebrations in October that tout credit unions’ unique features. Next month join the promotion and recognition of National Co-op Month and International Credit Union Day.
Co-op month promotes the role and accomplishments of the nation’s cooperatives. To assist credit unions in joining this celebration, the Cooperative Network has compiled downloadable resources, including celebration ideas, fact sheets, logos and videos.
Additionally, on Thursday, Oct. 21, credit unions around the world will celebrate International Credit Union (ICU) Day. This year’s theme – Local. Trusted. Serving You. – focuses on credit unions’ community-focused approach to member service. The International Credit Union Day page of the Network web site offers ICU Day materials, including newsletter articles, promotional items, ICU Day graphics and more.
During these celebrations in October, Minnesota credit unions are also encouraged to sign their members up for GREAT, the GrassRoots Education & Action Team. More information about this initiative is available in the Three reasons why your members should be GREAT article in this issue of Output.
CUNA Board of Directors seeks nominations
CUNA is seeking nominations for open positions on its Board of Directors. Minnesota credit unions with less than 21,000 members are eligible to offer a candidate for the District 4, Class A seat. Individuals from similar size credit unions in Ilinois, Iowa, Michigan, Missouri and Wisconsin can also run for the District 4 seat.
The deadline for nominations and seconds is Friday, Oct. 22. Those elected will take office February 2011 and will serve three-year terms. For a nomination form, visit the CUNA Board Elections web site.
MnCUN offers news you can use
Are you staying up-to-date on credit union news? MnCUN’s newsletters provide you with the most recent information on what is occurring in the Minnesota credit union movement and beyond.
With newsletters and publications focusing on a range of topics pertinent to the credit union industry, the Network provides you the information you need to serve your members. MnCUN’s newsletters are e-mailed to credit unions on a biweekly, monthly and quarterly basis.
- Output: Serves as the informational newsletter of the Minnesota Credit Union Network and is published every other week. This newsletter covers current events, upcoming seminars and conferences, credit union mergers and name changes, and other general announcements.
- Political Update: Keeps credit unions up-to-date on political activities – such as Hike the Hill and Credit Union Day at the Capitol – and various state and federal political issues of concern to credit unions.
- Summation: Provides credit unions with information on topics related to regulatory compliance. It includes summaries of compliance issues, updates on regulatory alerts and letters from NCUA, and requests for comments on proposed rules and issues.
- Directors' Digest: Updates credit unions on the issues addressed by the Board. It is a publication of the MnCUN Board of Directors and is distributed on a quarterly basis subsequent to each Network Board meeting.
To receive MnCUN’s publications by e-mail, all you need to do is register for a password on the Network web site. If you already have "members only" access to MnCUN online, you're set! Registered users should automatically begin receiving newsletters by e-mail within two weeks. Additionally, current and archived issues of all the newsletters are available in the Publications section of the Network web site.
With questions about the Network’s newsletters, contact MnCUN Director of Communications Rachel Kuenzel by e-mail or at (651) 288-5527.
Members United offers fall educational opportunities
This fall Members United Corporate Federal Credit Union is offering credit union professionals the opportunity to participate in three conferences. These educational events will feature expert presenters providing guidance on current topics and answering participants’ questions on issues affecting credit unions.
Members United’s conferences will feature education sessions and networking opportunities. Upcoming events include:
- Economic & Investment Conference – Oct. 13, Eagan, Minn. (hosted by Balance Sheet Solutions)
- Operations Outlook Conference – Oct. 18-20, Albany, N.Y.
- Economic Forum – Nov. 3-5, Oak Brook, Ill. and Nov. 8-10 in Albany, N.Y.
"It has become more important than ever that Members United be there for credit unions with the educational tools our members need to advance preparedness and enhance their success,” said Kevin Brauer, Members United Senior Vice President, Member Relations. "The presenters who will gather at these conferences will offer a great deal of knowledge and insight while sharing actionable, results-oriented techniques.”
Presentations at the conferences will focus on a variety of topics, including the benefits and costs of a cooperative corporate credit union system, credit unions’ future economic outlook, and reaching members through social media. The conference presenters include subject-matter experts and industry professionals sharing their best practices.
For more information about these conferences, visit the Members United Corporate FCU web site.
Increase returns on repossessions with CUDL
CUDL, in partnership with Manheim Northstar Minnesota and GE Remarketing, is offering credit unions tools and techniques to improve returns on repossessed vehicles. Gain insight into how CUDL can improve your credit union’s collections and repossession processes during a Credit Union Day at the Auction event on Sept. 23 from 8 a.m.-noon in Shakopee.
During Credit Union Day at the Auction, participants will learn about remarketing solutions available through CUDL’s partnership. Investigate how the company sells repossessed cars, tour a Manheim auction facility, and learn how to maximize returns on repossessed vehicles.
To R.S.V.P. for this event, complete the Credit Union Day at the Auction registration document. For more information about CUDL’s products and services, contact MnCUN Director of Business Development Vickie Ganrude by e-mail or at (651) 288-5515.
OfficeMax offers CUs $20 off their next order
Through the Minnesota Credit Union Network’s partnership with OfficeMax, credit unions are eligible to receive a coupon for $20 off their next phone order of $150 or more. With this discount, credit unions can save on the everyday office supplies, including printer ink, file folders, paper and more.
OfficeMax has the supplies, technology solutions and office furniture credit unions need to help them reach their full potential – while staying within budget. Count on OfficeMax to provide the best-in-class office equipment from trusted brands. They are dedicated to helping credit unions save on office supplies and printing and copying services.
Download and use the OfficeMax coupon by Sept. 30 to take advantage of the $20 discount. For more information about OfficeMax’s products and services, 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 webcasts available throughout the summer. In addition, this fall MnCUN is offering a variety of conferences and schools, including Financial Management School: Parts III & IV, Loan Officer School, IRA Training Essentials & Advanced, and Small Credit Union Conference. To register for these and other events, visit the online Event Calendar today.
- Sept. 10: MnCUN Fall Conference
- Sept. 14 (10 a.m.): TeleCourse - Innovations in Business Continuity
- Sept. 15 (10 a.m.): CUNA Mutual Group WebCast - Spam, Shams & Other Scams ... The Sequel
- Sept. 15 (10:30 a.m.): Call Center Roundtable
- Sept. 15 (12 p.m.): Minnesota Credit Unions for Kids Committee Meeting
- Sept. 15 (1 p.m.): Agility Recovery Solutions WebCast – Preparedness Certification
- Sept. 15 (2 p.m.): WebCast - Legal Aspects of Checks
- Sept. 20 (8:30 a.m.): Financial Management School: Parts III & IV
- Sept. 21: Minnesota Hike the Hill
- Sept. 21 (10:30 a.m.): Commercial Lending Seminar: Hot Topics
- Sept. 21 (2 p.m.): WebCast - Overtime Exemption
- Sept. 22 (8:30 a.m.): MnCUN Loan Officer School
- Sept. 22 (10 a.m.): TeleCourse - Account Administration
- Sept. 22 (1 p.m.): Agility Recovery Solutions WebCast – Corporate Citizenship
- Sept. 22 (2 p.m.): WebCast - Fair Lending Exam
- Sept. 22 (6 p.m.): Lakes & Pines Chapter Meeting
- Sept. 23 (8 a.m.): CUDL Event - Credit Union Day at the Auction
- Sept. 23 (10:30 a.m.): Compliance/Fraud Roundtable
- Sept. 23 (2 p.m.): WebCast - Creating A Lending Machine
- Sept. 24 (10 a.m.): WebCast - SAFE Mortgage Licensing Act
- Sept. 29 (10 a.m.): TeleCourse - Rethinking Business Development Tactics
- Sept. 29 (10 a.m.): Business Development Interactive Forum - Rethinking Tactics
- Sept. 29 (1 p.m.): Agility Recovery Solutions WebCast – Businesses Who Survived Disasters
- Sept. 29 (2 p.m.): WebCast - Managing Employee Absenteeism & Tardiness