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Network News Archive: 2008-2009
Consumer Awareness Survey
Media Coverage
Minnesotans Have Higher Opinion of Credit Unions Than Banks, New Survey Reveals
(Byron Review © 06/08/2010)
Residents of Southern and Southwestern Minnesota place a high value on local ownership of financial institutions -- 64 percent agree or strongly agree that local ownership is important to them when choosing a credit union or bank...
Association update: Credit unions an island of calm as storm rocks world of finance
(Finance & Commerce © 05/21/2010)
As a guest commentator, Mark D. Cummins, MnCUN President & CEO, discusses a survey that reveals Minnesota consumers' postivie perceptions of the state's credit unions...
Crisis boosts credit unions – Survey says consumers seek advantages traditionally touted by state's credit unions
(Finance & Commerce © 05/21/2010)
Credit unions have known since the moment the Wall Street meltdown began that the crisis had handed them a business opportunity, a chance to draw a bright line between themselves and the financial sectors that created the notoriously bad mortgages, risky securities and usurious fees. A new survey commissioned by the Minnesota Credit Union Network indicates that they were right...
MN Bank Customers: CUs More Attractive
(Twin Cities Business Mag © 05/19/2010)
A recent survey found that 20 percent of bank customers in Minnesota find credit unions more attractive in light of recent troubles in the financial system...
Credit unions gain, banks lose favor
(Duluth New Tribune © 05/19/2010)
So what do you think about your bank? How about your credit union? If you’re anything like the 400 Minnesota residents surveyed in March, you have a higher opinion of credit unions than banks, as a result of the financial industry's recessionary troubles...
Minnesotans have higher opinion of CUs than of banks
(CUNA News Now © 05/18/2010)
In Minnesota, credit unions have been insulated from the negative public opinion against financial institutions stemming from recent financial industry distress... |
Losing never felt so good at US FCU
(Credit Union Times © 07/21/2010)
This summer some 72 US Federal Credit Union staffers were able to slip into something smaller thanks to the 92-Day-Challenge...
Wings hopes to soar with City-County (Password Required)
(St. Paul Pioneer Press © 07/20/2010)
The biggest credit union in Minnesota is about to get a lot bigger. Wings Financial Credit Union is merging with City-County Federal Credit Union, which is based in Brooklyn Center...
Heikkinen named to Minnesota Credit Union Network Board of Directors
(Pine Journal © 07/17/2010)
Tammy Heikkinen, president and CEO of Members Cooperative Credit Union, has been named to the Minnesota Credit Union Network’s Board of Directors...
Association update: Busting the ‘myths’ about credit unions
(Password Required)
(Finance & Commerce © 07/16/2010)
As a guest commentator, Mark D. Cummins, MnCUN President & CEO, uncovers the truth about the myths that many people believe are true regarding credit unions and the products and services they offer...
Despite recession, local credit unions stable
(St. Cloud Times © 07/15/2010)
Local credit unions are in sound financial health, according to a St. Cloud Times analysis. The St. Cloud Times examined financial ratings from BauerFinancial from March and found eight local credit unions are all in adequate or better shape...
Restrictions guide credit union operations
(St. Cloud Times © 07/15/2010)
A long-standing fracture exists between bankers and credit unions. Credit unions don't have to pay corporate income taxes like banks do, and that's one source of friction...
Changes ahead for ATM, debit card overdraft fees
(Minnesota Public Radio © 07/07/2010)
It's been a standard practice for many banks and credit unions to automatically enroll customers in overdraft protection plans for ATM and debit card transactions...
Shared Branching adds state location (Password Required)
(Finance & Commerce © 07/03/2010)
Minneapolis-based Star Choice Credit Union has added its Bloomington office to the national Shared Branching network of credit unions...
Credit unions seek higher biz-loan cap (Password Required)
(Minneapolis/St. Paul Business Journal © 06/25/2010)
A fight is brewing in Congress over whether to allow credit unions to lend more to businesses. But in the Twin Cities, there’s plenty of room for growth under the current restrictions...
Merger is saving Highgrove Community credit union
(Star Tribune © 06/23/2010)
Highgrove Community Credit Union in St. Paul is about to take wing. Wings Financial, the largest credit union in Minnesota with $2.6 billion in assets and 126,000 members, announced Wednesday that it will absorb the one-branch Highgrove, which has 8,600 members and about $37 million in assets...
Alfonsi joins MCCU as marketing director
(Pine City Journal © 06/19/2010)
Robin Ongaro, vice president of marketing and business development for Members Cooperative Credit Union (MCCU), has announced that Tara Alfonsi has been hired as the organization’s new marketing director...
Association update: Interchange fee proposal a 'lose-lose'
(Password Required)
(Finance & Commerce © 06/18/2010)
As a guest commentator, Mark D. Cummins, MnCUN President & CEO, outlines how the Senate-proposed interchange amendment to the Financial Regulatory Reform Act will hurt Minnesota consumers...
Rudolph promoted to branch manager at Members Cooperative CU
(Pine City Journal © 06/18/2010)
Jackie Rudolph was promoted in March to the position of branch manager of the Cloquet office at Members Cooperative Credit Union (MCCU).Rudolph will manage the selection, training, development and performance of the Cloquet office’s member service staff...
Twister Destroys Minnesota CU
(CU Times © 06/18/2010)
Regulators and the Minnesota Credit Union Network were trying to arrange assistance with the $10 million, single-branch Wadena FCU reportedly destroyed Wednesday night by a tornado, part of a series of twisters which raked northwest Minnesota...
Letter to the Editor: Financial legislation could reduce debit card use
(Duluth News Tribune © 06/15/2010)
In a letter to the editor, President of Northern Communities Credit Union Larry Champeaux discusses how an amendment to the U.S. Financial Regulatory Reform Bill under consideration would alter how fees are paid in electronic transactions — to the potential detriment of consumers...
Letter to the Editor: Credit unions oppose Financial Stability Act
(The Pine City Pioneer © 06/15/2010)
In a letter to the editor, President & CEO of Greater Minnesota Credit Union Steve Ahlness outlines how the U.S. Senate's interchange amendment will hurt Minnesota consumers and credit unions...
Minnesota CUs feel recession's lending slump
(CUNA News Now © 06/14/2010)
News Now provides a recap to a story run in the Minneapolis/St. Paul Buisness Journal reporting on lending decreases in Minnesota credit unions...
Letter to the editor: Debit card change may be costly
(Brainerd Dispatch © 06/12/2010)
Mid-Minnesota FCU President/CEO Chuck Albrecht wrote on how an amendment to the U.S. Senate's Restoring American Financial Stability Act could mean more money out of consumers' pockets when they use their debit cards...
Lending slump causing stress at credit unions
(Minneapolis/St. Paul Business Journal © 06/11/2010)
Reporter Chris Newmarker's reports on a lending drop at Minnesota credit unions, which caused three-fifths of the largest 25 credit unions in the state to report lower capital ratios as of March 31, 2010...
Letter to the editor: Credit bill intended to protect consumers will cost them
(Finance & Commerce © 06/09/2010)
In a letter to the editor written MnCUN President & CEO Mark Cummins, he outlines how credit unions and consumers will be negatively impacted by Congress' debit card amendment...
MnCUN praises international partnership with Paraguay
(CUNA News Now © 06/09/2010)
MnCUN issued a formal salutation to the credit unions of Paraguay at the CENCOPAN International Seminar on June 2-3. The salutation expressed support of Paraguayan credit unions and CENCOPAN, and admiration for the cooperatives' successes in providing financial services...
Thompson named CEO at Mid-America CU Association
(CUNA News Now © 06/07/2010)
Former MnCUN Associate General Counsel and current Vice President General Counsel at Members Cooperative Credit Union in Cloquet has been named the new President & CEO of the Mid-America Credit Union Association in North Dakota...
Ambassadors visit TruStar Federal Credit Union
(The Bemidji Pioneer © 05/30/2010)
Bemidji Chamber Ambassadors congratulate TruStar Federal Credit Union in the new location, 2313 TruStar Avenue NW. The credit union provides financial services including consumer loans, mortgages, student loans, checking and savings accounts, business services and debit cards...
MnCUN VP reelected to Minnesota Jump$tart Coalition Board
(CUNA News Now © 05/27/2010)
Kristina Wright, Vice President-Communications for the Minnesota Credit Union Network, has been re-elected to the Board of Directors of the Minnesota Jump$tart Coalition for Personal Financial Literacy...
Ambassadors visit Affinity Plus Federal Credit Union
(The Bemidji Pioneer © 05/16/2010)
Bemidji Chamber Ambassadors congratulate Affinity Plus Federal Credit Union on the expansion of a second location at 550 Paul Bunyan Drive NW. A not-for-profit financial cooperative, Affinity Plus Federal Credit Union has been serving members for more than 80 years...
Greater Minnesota Credit Union raises $2,000
(The Pine City Pioneer © 05/11/2010)
Greater Minnesota Credit Union staff recently raised nearly $2,000 in cash and roughly 350 pounds of food for area food shelves...
Q&A: Affinity Plus Federal Credit Union
(Finance & Commerce © 05/06/2010)
As the banking industry has been put through the wringer the past couple of years, St. Paul-based Affinity Plus Federal Credit Union continued to grow. President & CEO Kyle Markland doesn't think its a fluke -- instead, he believe it's common-sense strategies that make the credit union strong enough to weather economic storms...
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