The Pulse (02-17-16)


 

 






The Pulse (02-17-2016)

February 17, 2016 ● Volume 5, Issue 7

 

The Pulse Archive

Credit Union News

Bylaw Amendment Proposal approved by MnCUN Board: Membership vote to follow at Annual Meeting

Yesterday, the MnCUN Board of Directors approved proposed bylaw amendments to be voted upon by our membership at this year’s Annual Meeting. The proposed changes are in regards to membership and removing the requirement that members of MnCUN must also be members of CUNA. If approved, changes would be effective for the 2017 dues cycle.

The Network Board still maintains the belief that an interdependent model – in which credit unions are members of both MnCUN and CUNA – is the best model for effective advocacy. However, making changes to MnCUN’s bylaws allows for the Network Board to be proactive in deciding dues requirements.

Additional information about the proposed amendments will be distributed in the coming weeks. Please contact Mark Cummins with questions.

  


$25,000 in financial education grants available from MnCUF

The Minnesota Credit Union Foundation (MnCUF) – with the mission of providing resources for credit unions and communities to prosper and thrive – has a strong commitment to financial education. MnCUF is providing $25,000 in grants to assist Minnesota credit unions in implementing financial education projects.

Applications are being accepted through Friday, March 25.

Applications will be evaluated on a variety of factors, including credit union value, community impact, collaboration and creativity. Projects/initiatives must have measurable outcomes and submit a written follow-up report within 30 days of the project completion.

Examples of financial education projects/initiatives include:

  • establishing an in-school branch
  • partnering with a community organization to teach personal finance skills
  • teaching financial literacy classes in local schools
  • creating a CU Youth Advisory Board that incorporates various learning components
  • hosting seminars on credit, debt, budgeting, etc., for members or for the community
  • coordinating retirement or estate planning workshops
  • offering youth checking or credit card products and apply required learning benchmarks
  • providing credit union services to high-risk members, coupled with education classes
  • supplying local schools with financial education curriculum

For additional information and application forms, visit the financial education grants page of the Foundation website. With questions, email MnCUF Executive Director Lyndsay Miller or call (651) 288-5517.

 

  

 

Get the most from your Youth Month celebrations

This year’s National Credit Union Youth Month theme can help you establish a lifelong bond with your youngest members.

 

The celebration is designed to help your credit union achieve three important objectives:

 

  1. To explain the credit union difference to your youngest members—and, by extension, their parents. The Youth Month store features more products with credit union-specific messaging than ever, and new this year is the social media bundle with fun art and additional Credit Union Strong messaging.
  2. Remind members you’re there to help them become financially strong. Credit Union Strong gets at the heart of what makes credit unions special. Credit unions, as not-for-profit financial cooperatives, work to make their members and communities stronger through education, service, and community outreach. That’s a powerful message and a differentiator that resonates with people.
  3. Encourage youth to open a savings account with you. Part of Credit Union Youth Month is encouraging young members to save. It’s a chance for you to forge new relationships, while also reinforcing a habit that will make your members better prepared for life.

Credit unions are encouraged to share their plans to celebrate National Credit Union Youth Month with the Minnesota Credit Union Network by contacting MnCUN Director of Communications Andrea Molnau.


 


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

 

GREAT members make an impact

 

View all Governmental Affairs news stories



 

CFPB issues TRID correction 

NCUA releases Board Agenda

NCUA Issues Letters to Federal Credit Unions 

Letter 16-FCU-01: Operating Fee Scale Reduced for 2016

 

View all Regulatory Compliance news stories

If this describes you, then you are invited to join The Crew. This group 
If this describes you, then you are invited to join The Crew. This group 


 Joanna Drennen
 
 Nathan Dormody

Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034