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|The Pulse (02-18-15)|
The Pulse (02-18-2015)
February 18, 2015 ● Volume 04, Issue 7
Credit Union News
The Minnesota Credit Union Network (MnCUN), along with other interested financial institution trade groups, retailers, and various law enforcement agencies, have been working with the Financial and Retailers Protection Association (FRPA) regarding a number of issues. Through this collaborative group, law enforcement is requesting assistance from Minnesota financial institutions on communicating with its members and customers concerning potential identity theft investigations.
While recognizing the importance of our member’s private financial information, we also recognize the importance of preventing our members from being victims of identity theft and loss, as well as assisting law enforcement in prosecuting potential offenders that are operating in our communities.
As a result, a “Best Practices” document has been prepared with the input of all interested parties, and is being circulated to all credit unions and banks, as well as law enforcement agencies. The document provides guidance on how a credit union can act as a liaison between the law enforcement officer and member in order to facilitate communication to identify the potential identity theft, without requiring the credit union to disclose protected non-public financial information.
A copy of FRPA Best Practices document – liaison between member and law enforcement (Feb. 2015) can be found on the compliance publications page of the MnCUN website.
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.
For the spring grant cycle of 2015, MnCUF has $16,500 in grants available – more than double the funds in all of 2014 - to assist Minnesota credit unions in implementing financial education projects.
Non-credit union organizations may also apply for grant funding, but must partner with a Minnesota credit union and demonstrate how the project will impact credit unions and their members.
"The Foundation is pleased to have an opportunity to provide financial support to the tremendous initiatives taking place around the state of Minnesota," said Foundation Chairman Dave Larson. "I am excited to see fresh, new ideas of how Minnesota credit unions can serve our communities by providing much-needed financial education."
The Foundation Board of Directors evaluates applications based on a variety of factors, including credit union value, community impact, collaboration, creativity, and past involvement in and support of Foundation activities. Projects/initiatives must have measurable outcomes and a written follow-up report must be submitted within 30 days of the project completion.
Applications are currently being accepted, through Tuesday, March 31. Grants will be evaluated by the Minnesota Credit Union Foundation Board of Directors, and recipients will be announced sometime in April.
For full details, including past awards and application forms, visit the Financial Education Grants page of the MnCUF website.
Last week, the Minnesota Credit Union Network opened registration for its 2015 Annual Meeting & Convention. This event features educational sessions and the largest credit union trade show in the state. The conference has several other aspects you won’t want to miss, including:
Registration is currently open for credit unions and exhibitors – visit the Annual Meeting & Convention section of the Network website. Additional details, lodging information and a conference agenda are also available. With questions, please contact MnCUN Director of Education Sue Groskreutz by email or phone at (651) 288-5521.
Help your members’ achieve their educational goals by supporting the Minnesota Family Involvement Council (FIC) Silent Auction being held in coordination with the Minnesota Credit Union Network Annual Meeting April 10-11 at the Radisson Blu Mall of America in Bloomington. The silent auction is the sole fundraiser of the FIC, and all funds generated go directly to students through scholarships. This year, the FIC hopes to raise $10,000!
The FIC is taking donations until Friday, April 10. Donations can be made in the form of items to be auctioned as well as monetary donations! Monetary donations can be made directly on the FIC website.
Items to be auctioned can be brought to the FIC booth at the MnCUN Annual Meeting the morning of Friday, April 10 or sent in advance to:
Bridget Petersen, FIC Chair
The FIC is comprised of credit union volunteers committed to enhancing the future of the credit union movement. Visit the FIC website to learn more.
Sunday, February 15, Ray Burnett, former CEO of Mid-Minnesota Federal Credit Union passed away. Ray was President/CEO of Mid-Minnesota Federal Credit Union from 1980 until retiring in 2003. He led MMFCU through tremendous growth and held many leadership positions in state and national credit union associations. He was founder and first Board President of the National Association of Community Credit Unions and was recognized with many awards for outstanding service and social responsibility.
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 Director of Communications Connie Kuhn.