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Output (12-02-11)
MnCUN weekly e-newsletter to debut in 2012
The Pulse will feature all the news, updates and stories that individuals are used to receiving in MnCUN bi-weekly and monthly e-newsletters. However, the new weekly format will deliver that information to credit unions faster and more effectively. In addition, readers will be able to more easily stay informed about general credit union information, state and federal political updates and regulatory compliance news. If you currently receive Output, Political Update or Summation, then you will automatically be added to The Pulse email list. Be sure to watch your inbox for the first edition of The Pulse on Friday, Jan. 6. Be part of The Crew
If the description above describes you, then you are invited to join The Crew. This group is made up of mid-level, young credit union professionals who are looking for the opportunity to grow in their career. The Crew is geared toward those new to the credit union movement or those who want to establish themselves in their profession. Crew members will learn about the credit union industry, explore options for advancement, and network with other young professionals. Crew events will be held in conjunction with MnCUN’s major credit union conferences, including Credit Union Day at the Capitol and Annual Meeting. Members will receive discounts off the conference admission price and will have the opportunity to experience these events in a unique way. In addition to participating in the conferences’ standard activities and educational opportunities, Crew members will have "special access” to speakers, legislators and other key credit union leaders, along with opportunities to participate in unique programs. Be part of the movement, and join The Crew! More information and application materials for membership in The Crew will be available in the coming weeks. Network joins the International Year of Cooperatives celebration
MnCUN launches new Compliance Services programs
The Network has two Compliance Services programs in which credit unions can participate.
The biggest different between these two programs is that the Shared Compliance Services Program offers ongoing support, whereas the Compliance Consultant Program provides assistance for specific projects. With both of these programs, MnCUN trains and employs the compliance officers, leaving credit unions free from the burden of hiring and managing additional staff. To learn more about these new programs, visit the Compliance Services page of the Network website. With specific questions or to enroll, contact MnCUN Vice President – Network Service Corporation John Ferstl by email or at (651) 288-5505.
The Desjardins Youth and Adult Financial Education Awards – named for Alphonse Desjardins, the founder of the North American credit union movement – recognize the leadership of credit unions and chapters to help improve financial literacy among youth and adults. GMCU was one of five winners in the Adult category and received honorable mention for its submission in the Youth category. The credit union's winning entries highlighted its adult and youth financial literacy outreach programs. GMCU's Financial University program reaches out to unemployed adults who are actively seeking employment. The credit union, in conjunction with area workforce centers and the local Communities Investing in Families organization, works with job seekers to help them gain financial freedom and teaches them skills necessary for financial survival. The credit union's youth outreach program teaches high school students about topics such as checking accounts and the loan application process, as well as basic financial skills covered in its Financial University program. "Greater Minnesota Credit Union demonstrates extraordinary dedication to helping its members and communities move forward toward a brighter future,” said Mark D. Cummins, MnCUN President & CEO. "Their recognition in this awards competition is well-deserved, and I wholly support their efforts to improve financial literacy in their local communities.”
Fed seeks credit union input on current credit conditionsThe Federal Reserve Bank of Minneapolis is seeking insights on current credit conditions from financial professionals in the Ninth District. The 12-question survey should take less than 10 minutes. Please complete the poll online at www.surveymonkey.com/s/FedCreditFI. Responses are kept confidential, and summary results (only) will be reported in a future fedgazette newsletter. 2012 permission agreements dueHas your credit union signed its permission agreement for 2012 yet? Credit unions whose permission agreements have expired should have received the form in the mail earlier this month. Signing a permission agreement with the Network permits your credit union's executive and administrative employees, volunteers, members and their families to participate in all events and activities coordinated by MnCUN to support the Credit Union Legislative Action Council (CULAC). CULAC-sponsored events raise money to support credit union-friendly candidates running for federal office. Permission agreements allow the Network to send information about CULAC activities to the credit union's board members and its executive and administrative employees. Signing an agreement does not obligate anyone in the credit union to make a contribution to CULAC or participate in the activities. It merely authorizes the Network to contact those at the credit union for CULAC donations. Legally, your credit union may only sign a permission agreement for one trade association per calendar year; however, you may sign an agreement for multiple years. Please take a moment to send the signed form back to the Network office. With questions or concerns about permission agreements, please contact MnCUN Political Advocacy Director Monica Weber by email or at (651) 288-5533. Blank forms can be downloaded from the Permission Agreements section of the Network website. 2011 MnCU4Kids donations due Dec. 14
Send in your credit union’s funds today to help MnCU4Kids reach its goal of raising $150,000. When sending in donations, be sure to include the MnCU4Kids Reporting Form. Please forward all funds to: Minnesota Credit Union Foundation Checks should be made payable to the "Minnesota Credit Union Foundation” with "MnCU4Kids” written in the memo line. With questions about MnCU4Kids, contact committee co-chairs Marty Kelly of US Federal Credit Union by email or at (952) 736-5396 or Steve Oien of Minnco Credit Union by email or at (763) 552-6103. Products and services resources available on MnCUN’s website
Within this online section, credit unions can peruse information on companies that offer credit union products and services. The Strategic Alliance page now features a listing of companies categorized by business type, allowing credit unions to quickly find a vendor that meets their needs. Learn more about each company’s niche in the financial services industry and find contact information. Additionally, visitors can discover the benefits of Shared Branching and investigate the member share draft and deposit services offered by MnIPC. For a full overview of NSC’s products and services, visit the Products & Services section of the Network website. With questions, contact MnCUN Vice President – Network Service Corporation John Ferstl by email or at (651) 288-5505.
 City & County Credit Union joins Shared Branching network
Through Shared Branching, credit unions across the country share facilities, providing members thousands of convenient locations to perform transactions similar to those they conduct at their primary credit union, including making deposits, withdrawals, loan payments and more. In a statewide public opinion poll conducted in Minnesota last year, consumers said having financial institutions’ branches office locations near their home or work was a major factor in determining where they maintained a banking relationship. Currently, there are more than 4,400 service centers nationwide, enabling credit unions to strongly compete with the largest banks in the United States. "The expansion of Shared Branching is important to credit unions’ growth, and it’s a vital piece of a successful branching strategy,” said John Ferstl, MnCUN Vice President – Network Service Corporation. "Shared Branching can help increase member retention by offering consumers numerous branch options around the state and nationwide. This network of service centers increases the probability that members can find a credit union nearby – no matter what the circumstances.” To learn more about the benefits of Shared Branching, contact MnCUN Vice President – Network Service Corporation John Ferstl by email or at (651) 288-5505. ICUL Service Corporation, CUNA Strategic Services launch CUMONEY Family Card
The CUMONEY Family Card carries the teen’s name and is funded, restricted and supervised by an adult. Parents and other gift-givers have the security of knowing that cards are not directly linked to their accounts and that this product effectively helps their teen learn how to manage money. In addition to the 20 million Visa locations worldwide, the CUMONEY Family Card works at ATMs across the country. ICUL is the leading provider of pre-paid debit cards to credit unions, providing 2,700 credit unions in 49 states with gift cards, CU TravelMoney, and CUMONEY pre-paid debit cards. Benefits to credit unions include:
Investigate ICUL Service Corporation today and discover the credit, debit and pre-paid card services it has to offer your credit union. For more information about the organization, contact MnCUN Director of Business Development Vickie Ganrude by email or at (651) 288-5515.
Calendar of Events
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Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102
(651) 288-5170
(800) 477-1034
In 2012, MnCUN will launch a new weekly e-newsletter called 
Wanted: all professionals under the age of 35 who are looking to advance their credit union career
The United Nations has declared 2012 as the 
Understanding the difficulties that credit unions face in today’s complex regulatory environment, MnCUN is launching two new Compliance Services programs. These programs allow credit unions to contract for a highly-qualified compliance professional to work on-site, without the hassle or expense of hiring another employee. 
Greater Minnesota Credit Union has been nationally recognized in the 2011 Desjardins Awards for Financial Education. National award winners were recently announced by the Credit Union National Association (CUNA).
The 2011 fundraising year for Minnesota Credit Unions for Kids (MnCU4Kids) is quickly coming to an end. All funds raised throughout the year must be received by the Minnesota Credit Union Foundation by 
Minnesota brought its number of credit union service centers to 39 recently after City & County Credit Union added its four locations to 
Earlier this month, CUNA Strategic Services, in partnership with 
The Minnesota Credit Union Network offers a variety of educational opportunities for credit union professionals and volunteers. Visit the 
