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|The Pulse (01-20-16)|
The Pulse (01-20-2016)
January 20, 2016 ● Volume 05, Issue 3
Credit Union News
Membership deadline approaches Jan. 31
MnCUN membership packets were mailed to all Minnesota credit unions in mid-December. Packets included dues invoices, CUNA and MnCUN's Power of Association information, and details about the additional funds for 2016. Membership renewal should be completed by Jan. 31. We value your continued trust in us. With questions about your membership with the Network, or for a copy of your invoice, please contact John Wendland.
Home Depot data breach conference call to be held today
Today, co-lead counsel for the financial institutions in the Home Depot data breach litigation (Gary Lynch, Kenneth Canfield, Joseph Guglielmo) will be hosting a conference call to discuss alternative recovery offers (ARO) that may have been received from Visa regarding the Home Depot Litigation. The call will provide an update about the Home Depot/Visa settlement, its present and future legal implications, and to answer any questions. The conference call will be at 1 p.m.
According to counsel, the compensation offered by the Visa AROs falls short of the losses sustained by financial institutions as a result of Home Depot’s breach. Further, in exchange for entering into a settlement, financial institutions would also be required to release their claims in the litigation and forfeit additional opportunity for further reimbursement. As a result, counsel is advising against acceptance of any ARO, as financial institutions will remain eligible to receive compensation from Visa’s Global Account Compromise Recovery card recovery processes.
Call-in information is as follows: (844) 286-3346; Code: 27507657. With any questions, counsel can be reached by email.
2016 MnCUN Annual Conference registration open
The Minnesota Credit Union Network provides educational sessions and networking opportunities each year through a slate of major events. In 2016, Credit Union Day at the Capitol and Annual Meeting & Convention have been combined into the 2016 MnCUN Annual Conference.
Complete event details are available online in the 2016 MnCUN Annual Conference section of the Network website. This section contains a schedule of events, lodging information, prices and online registration. Register before March 9 to receive early bird pricing!
With questions about the conference, please contact MnCUN VP & General Counsel John Wendland by email or by phone at (651) 288-5519 or (800) 477-1034.
Know an outstanding co-worker or volunteer? 5 reasons you should nominate them!
The Minnesota Credit Union Network is now accepting nominations for the Outstanding Professional and Volunteer of the Year, and the Simon Hellermann Philanthropy Awards. These awards, presented during the MnCUN Annual Meeting & Convention, recognize notable people who have distinguished themselves in their efforts to better their credit unions and promote awareness of the credit union movement. To be eligible to receive these top honors, those recognized must be nominated by colleagues.
Do you know a credit union employee or volunteer who is passionate about what they do and goes above and beyond in their support of credit unions? Do you know an individual, credit union, group or chapter that has made an outstanding contribution to a humanitarian cause? Check out five reasons why you should make a nomination.
For more information about these awards and to download nomination forms, visit the 2016 Professional & Volunteer of Year Awards page of the Network website. Nominations are due Friday, Feb. 5.
With questions about these awards programs, contact MnCUN Director of Communications Andrea Molnau by email or at (651) 288-5527.
Minnesota Credit Union Foundation offering professional development grants
The Foundation apportions 25 percent of its annual budget to fund professional development grants for credit union staff and volunteers to further their education and knowledge of the credit union industry. Credit unions can apply for grant funding in any amount using the Foundation’s standard grant application, which are accepted on an on-going basis.
Examples of program opportunities which may qualify for professional development grant funding include:
Credit unions meeting specific criteria can apply for expedited approval through the Small Credit Union Grant Program. For more information, see the Professional Development Grants page on the MnCUF website.
Credit Unions in the News
Follow the links on the stories below to read more about the outstanding programs, new initiatives and well-deserved recognition received by your peers recently. Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Communications Specialist Laura Whittet.
Register now for The Baker Group’s Quarterly Conference Call
Members of the Minnesota Credit Union Network are invited to register for The Baker Group Quarterly Conference Call, Credit Union Investment Strategies for 1st Quarter 2016, scheduled for 11 a.m. Wednesday, Jan. 20.
The conference call will focus on the following topics:
Click here to register for The Baker Group’s Quarterly Conference Call.