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11/5/2014
CUNA Mutual: Recapture Loans and Target New Opportunities

Output (11-19-10)


Output (11-19-10)

 

November 19, 2010 Volume 33, Issue 22                                                                 Archived Issues  


MnCUN to host Corporate Credit Union Forum & Webcast

Over the last month, NCUA’s corporate stabilization actions have left many credit unions seeking information about corporate options. To assist you in exploring potential choices, the Network, in conjunction with the Credit Union Association of the Dakotas, is hosting a free Corporate Credit Union Forum & Webcast on Tuesday, Nov. 30, from 1 p.m.-3 p.m. To be held at Hiway Federal Credit Union in St. Paul, this session will facilitate a discussion on corporate credit union options. Credit union professionals and volunteers will have the opportunity to participate in this session in person or via webcast.
 
The forum and webcast will feature panelists composed of credit union professionals pursuing various corporate options. Specifically, it will include various individuals from Minnesota and South Dakota who are conducting business with the Federal Reserve or one of three different corporate credit unions. During this peer-to-peer panel discussion, credit union professionals will have the opportunity to ask questions about the presented corporate options and participate in a candid conversation about the corporate issues. 
 
Be sure to attend this timely and relevant session in person or via webcast. For those participating virally, log-in instructions and technical information will be sent with a registration confirmation. For additional information and online registration about the Corporate Credit Union Forum & Webcast, visit the Event Calendar section of the Network web site.


Network recommendation report provides marketing insight

In February and March of this year, MnCUN conducted research investigating consumers’ knowledge of, perceptions about, and attitudes toward credit unions. Using the information compiled from this analysis, MnCUN has created a Research & Communications Recommendation Report, which outlines tactics for increasing credit unions’ market share.
 
To be distributed to credit union presidents, marketers and business development professionals next week, this report will provide Minnesota credit unions with tangible results, ideas and messages to help them move their existing and prospective members from awareness to action. Focusing on the areas of key messages, consumer preferences, current opportunities, and regional take-aways, this publication provides tools and information to jumpstart credit union marketing efforts.
 
Be sure to look for your credit union's copy of the recommendations report. For those who didn't receive a hard copy, the report is also available for download from the Research & Communications Recommendations Report page of the Network web site. With questions about the report, contact Rachel Anderson (Kuenzel) by e-mail or at (651) 288-5527.


Fleming appointed to the Board

The Minnesota Credit Union Network Board of Directors named Karen Fleming, President & CEO of HBI Employees Credit Union in St. Paul, to fill a vacancy on the Board. Appointed to the Board’s less than 2,000 members category, Fleming will fill the seat vacated in mid-October by Kim Boysen of Mower County Catholic Parishes Credit Union.
 
According to the MnCUN Bylaws, Board seats vacated mid-term are filled by the current Board of Directors. Fleming will hold the seat until next year’s Annual Meeting, set for April 8-9, 2011.


Register today for the 2011 Governmental Affairs Conference

With the change in Congress brought about by this month’s elections, credit unions are faced with a tremendous task of educating new federal elected officials about the credit union difference. CUNA’s Governmental Affairs Conference (GAC) on Feb. 27-March 3 will provide the state's credit union professionals and volunteers the opportunity to meet with Minnesota’s Congressional Delegation, learn about current political topics, and network with others across the country.
 
Held at the Washington Convention Center in Washington, D.C., GAC features breakout sessions and a variety of advocacy opportunities. The conference’s keynote speakers will focus on leadership and provide attendees insight into the connection between politics and current events. In addition, the breakout sessions offer an up-close look at a variety of legislative, regulatory, and political topics. Learn how to effectively deliver the credit union message, make the most of your Capitol Hill visits, and successfully communicate with the media.
 
In conjunction with the GAC, MnCUN will host Minnesota Night and the Network Luncheon. During Minnesota Night, attendees visit one of the many attractions located in the nation’s capitol. The Network Luncheon features Minnesota political officials as guest speakers and provides attendees with a briefing on the current federal issues. Following the luncheon, credit union professionals and volunteers visit the offices of all eight members of the Minnesota Congressional Delegation. Information about Minnesota's GAC events will be sent to attendees in early January.
 
Attend GAC and help bring the credit union message to Washington, D.C. For more information about the conference, including details about registration, the Network’s housing block and more, visit the Governmental Affairs Conference page of the Network web site. With Minnesota-specific questions about the conference, contact MnCUN Director of Education Sue Groskreutz or MnCUN Political Advocacy Director Monica Weber at the Network office.


NCUA launches public awareness campaign

The NCUA is inviting credit unions to participate in its "Keep Your Money NCUA-Safe” campaign, which was launched last month. The campaign is aimed at educating credit union members and other consumers about the safety of credit union deposits insured by the National Credit Union Share Insurance Fund (NCUSIF).
 
Credit unions can help spread the word about this campaign by installing the "Keep Your Money NCUA-Safe” campaign widget on their web sites. The widget directs viewers to the campaign web site, which contains 30 and 60 second television commercials featuring Suze Orman speaking about NCUA insurance. In addition, consumers can access an e-calculator that helps them ensure that their funds are federally insured.
 
Help strengthen the "Keep Your Money NCUA-Safe” campaign by installing the widget to your credit union’s web site today. To download the widget, visit the National Credit Union Administration web site and click on the "Get Widget” button. 


2011 Chain of Hearts – sign up today

It’s not too late to sign up for the Minnesota Credit Unions for Kids committee's (MnCU4Kids')2011 Chain of Hearts fundraiser, set to kick off in early January. MnCU4Kids is coordinating this 10th annual statewide fundraiser to run from Jan. 5 to Feb. 25. For the fundraiser, credit union members purchase paper links and hearts that are connected and hung in lobbies.
 
This simple fundraiser is available at no cost to participating credit unions. Those that have not signed up can still do so! For more information on how to participate, contact Rachel Anderson (Kuenzel) by e-mail or at (651) 288-5527 at the Network office.


Use MnCUN to boost your employee recruitment efforts

Credit unions seeking new personnel for their organization should take advantage of the services available through the Employment Opportunities section of the Network web site. This section allows credit unions to easily post their open positions and search for qualified candidates.
 
The Positions Available page provides credit unions with a free venue to post open positions. On this page, job seekers can search the posted positions by title, region or category and apply for the opening. Applications submitted through the Network web site are sent directly to the credit union’s human resources contact.
 
On the Résumé Summary web page, credit unions can search for eligible candidates using a key word or category search. In addition, the page provides credit unions succinct summaries of the experience and qualifications of more than 20 individuals seeking employment in the credit union industry. Plus, requesting complete candidates résumés can be done with a few clicks of the mouse. 
 
Check out the features available in the Employment Opportunities section of the Network web site. If you would like to post a position in this section, e-mail a summary of the job and application requirements to MnCUN Director of Communications Rachel Anderson (Kuenzel).


Register for the April 2011 Development Education Training

Registration is now open for the 2011 Credit Union Development Education (DE) training class to be held April 6-13 in Madison, Wis. Attendees of this six-day immersion experience learn about credit unions’ social responsibility opportunities and the movement’s domestic and international development potential.
 
DE Training enables attendees to acquire skills in problem solving, team building, presentation giving, and the execution of credit union outreach initiatives. They also examine local and global issues and investigate how they are interconnected. Learn how to promote cooperative principles and credit union values, while developing networking relationships.
 
Attend this training and become part of the more than 1,000 credit union advocates that have be certified as Credit Union Development Educators (CUDE). To learn more about DE Training and to register, visit the National Credit Union Foundation web site.


Sports schedules available for credit unions

Help your members gear up for winter by providing 2010-2011 Timberwolves, Wild and Gopher Hockey schedules. Available through the Network, these schedules can be customized with your credit union’s information and can be ordered in any quantity.
 
To order the schedules, complete the Timberwolves, Wild & Gopher Hockey Schedule Order Form and return it to MnCUN Director of Technology Scott Shoberg at the Network office.
 
Minnesota Credit Union Network
Timberwolves, Wild & Gopher Hockey Schedule Order
555 Wabasha Street, Suite #200
St. Paul, MN 55102
 
 


Keep up-to-date with CUNA Mutual webcasts

CUNA Mutual Group offers credit unions resources and educational opportunities to help them enhance their knowledge of industry issues. Learn new information and discover ideas that you can immediately put into practice at your credit union.
 
CUNA Mutual’s sessions, which are open and free to all credit unions, focus on topics and issues that are timely and pertinent to those working in the industry. Below are the CUNA Mutual webcasts available in December. 
  • Auto Loan Recapture & Next Car Purchase Dec. 7 at 2 p.m.
    The Auto Loan Recapture program is a proven and powerful direct mail marketing program that brings back members who have financed vehicles elsewhere. This session will show participants how they can increase their auto loan portfolio by recapturing lost auto loans as well as acquiring new loans from members looking to purchase a vehicle. Learn ways to fight back against the competition and grow loans even in a challenging market.
  • Retirement Services: Census Packet AdministrationDec. 15 at 10 a.m. and 2 p.m.
    This session will provide information on why census information is important and detailed instructions on how to complete the required census information. Attendees will also learn the types of compensation that must be reported and common mistakes to avoid. At the end of the session, there will be time for participants to ask questions.
For more information and to register for these webcasts, visit the Event Calendar section of the Network web site. With questions about CUNA Mutual Group and its products and services, contact MnCUN Director of Business Development Vickie Ganrude by e-mail or at (651) 288-5515.



Save your credit union time and money with OfficeMax

OfficeMax is dedicated to serving businesses and organizations like credit unions. They are a leader in both business-to-business office products solutions and retail office products. In addition to OfficeMax’s everyday low prices, they offer credit unions discounted prices through a partnership established with the Minnesota Credit Union Network.
 
Through MnCUN’s partnership with OfficeMax, credit unions receive the following benefits:
  • Savings of 31 percent to 88 percent off manufacturers’ list price on core products most frequently purchased by credit unions;
  • Credit union-only pricing on more than 12,000 additional products;
  • Specialized pricing on OfficeMax ImPress print and document services;
  • Credit union-only discounted pricing on furniture, technology and managed print services;
  • Discounted pricing at more than 1,000 OfficeMax retail stores; and
  • Free next-day delivery to most locations, with no minimum order amount required.
Visit OfficeMax today and learn how your credit union can save on everyday office products. For more information about OfficeMax and the savings it has available for your credit union, contact MnCUN Director of Business Development Vickie Ganrude by e-mail or at (651) 288-5515.


CSS alliance offers real-time fraud checks from ID Analytics


Credit unions can tap into – and contribute to – a massive source of fraud identification and real-time identity fraud analysis through CUNA Strategic Services' (CSS's) new relationship with ID Analytics. With an exclusive focus on stopping identity fraud, ID Analytics has built recognition technology that finds suspicious behavior patterns across multiple organizations and industries.
 
Through this CSS partnership, credit unions have the opportunity to become members of the ID Network. During a member’s account-opening process, the network cross-references the application with information that may indicate fraud. ID Network Membership provides credit unions with unlimited access to identity fraud risk insight to help them make better, more cost-effective decisions and actively protect members from identity fraud. 
 
Explore ID Analytics and discover the fraud detection assistance it can offer your credit union. For more information about ID Analytics and other CSS partners, 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. Professionals and volunteers are also invited to attend the Governmental Affairs Conference, which provides attendees the opportunity to meet with Minnesota’s Congressional Delegation, learn about current political topics, and network with others across the country. To register for this and other events, visit the online Event Calendar.
  • Nov. 23 (10 a.m.): TeleCourse - Subprime Lending Solutions
  • Nov. 30 (1 p.m.): Corporate Credit Union Forum & Webcast
  • Nov. 30 (2 p.m.): WebCast - E-mail Risks, Rules & Regulations
  • Dec. 1 (2 p.m.): WebCast – Understanding the ALLL
  • Dec. 2 (10 a.m.): TeleCourse - Member Business Loans
  • Dec. 2 (2 p.m.): WebCast – Year-End IRA Issues
  • Dec. 7 (10 a.m.): TeleCourse - Tips for Terrific Talking
  • Dec. 7 (2 p.m.): CUNA Mutual WebCast - Auto Loan Recapture
  • Dec. 9 (10 a.m.): Minnesota Credit Union Foundation Board Meeting
  • Dec. 9 (1 p.m.): MnCUN Political Involvement Committee Meeting
  • Dec. 9 (2 p.m.): WebCast - Legal Aspects of Employment Law
  • Dec. 9 (2 p.m.): WebCast: SAFE Act
  • Dec. 10 (8:30 a.m.): MnCUN Board Meeting