The Pulse | 03-06-2018

Volume 7, Issue 10

The Pulse Archive


Minnesota Credit Unions Meet with Legislators, Honored for Achievements at CUNA GAC

Minn. credit union representatives meeting
meeting with Senator Amy Klobuchar

Last week, 100 Minnesota credit union representatives joined 5,000 attendees at the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington D.C. for education sessions, recognition, and legislative meetings.


Credit union staff and volunteers sat down with U.S. Senators Tina Smith and Amy Klobuchar, as well as each of the members of the U.S. House. Meetings focused on common sense regulatory reform, preserving the credit union tax status, protecting credit union members from merchant data breaches, and removing barriers to member service.


During the GAC, Minnesota credit unions were honored with industry recognition including two inductees to the National Hall of Leaders and four honored for national community service and financial literacy awards.


The following recognition was received by Minnesota credit unions at the 2018 GAC:


National Hall of Leaders

Two long-serving Minnesota credit union presidents were inducted into the Credit Union House Hall of Leaders in Washington, D.C., last week in recognition of their dedication to upholding the credit union mission. This honor is given to those whose commitment has made a significant impact on the credit union movement at the local, state, and national levels.


Richard (Dick) Nesvold – SouthPoint Financial Credit Union

Dick Nesvold began his career with SouthPoint Financial Credit Union in 1989 and was named CEO in 1996. Nesvold is a committed, dedicated industry advocate. In 2012, the World Council of Credit Unions (WOCCU) inducted him into its International Executive Volunteer Corps (IEVC) for his work on the Central de Cooperativas del Area Nacional (Paraguay) initiative. He was named the Minnesota Credit Union Network Professional of the Year in 2012 and was recognized as a Credit Union Rock Star by Credit Union Magazine in 2013. Nesvold served on the Minnesota Credit Union Network Board from 2001-2010 and as Chairman from 2006-2008. Nesvold currently serves on the Network’s Political Involvement Committee, totaling nearly 10 years of service. He currently represents Minnesota credit unions as a member of the Cooperative Network Board of Directors as well as the Minnesota Cooperative Education Foundation Board. Nesvold inspires others in the credit union movement through his leadership, service, and advocacy.


Del Prevost - Members Cooperative Credit Union

Del Prevost graduated from the University of Minnesota Law School in 1975 and was in private practice from 1975-1991.  Prevost begin his career as President & CEO of Members Cooperative Credit Union in 1991 until his retirement in 2007. He was the Minnesota Credit Union Network Professional of the Year in 2004. Prevost served on the Network’s Board of Directors from 1998 to 2003, serving as Chairman from 2002 to 2003.  Additionally, Prevost served on the Network’s Political Involvement Committee and was instrumental in the passage of the modernization of the State Credit Union Act. Actively involved in the community, he officiated football games at the high school and collegiate level for 25 years. Prevost served as chair of the Board of the Community Memorial Hospital in Cloquet for 9 years and then served for another 9 years on the Board of the St. Luke’s Hospital in Duluth.  He also served as chair of the Community Development Corporation of the Cloquet Chamber of Commerce. Prevost continues to dedicate his time to his community and currently serves on the Cloquet Educational Foundation and has been for 20 years.  Prevost embodies the credit union philosophy of “people helping people” through his community involvement and has made a strong impact advocating for credit unions.


Dora Maxwell Social Responsibility Awards and Desjardins Financial Education Awards

The Credit Union National Association (CUNA) honored four Minnesota credit unions through the Dora Maxwell Social Responsibility Awards and Desjardins Financial Education Awards programs. These awards recognize credit union excellence in community service and financial literacy initiatives.


Financial One Credit Union, North Star Credit Union, SPIRE Credit Union, and United Educators Credit Union received recognition for placing in the national awards program.


In addition, Minnesota’s credit unions were recognized by CUNA with the Trustee Prize for outstanding political fundraising efforts, raising the most for the Credit Union Political Action Committee throughout the GAC.


“Minnesota’s credit unions continue to show their dedication to the movement and to their members through strong participation in the Credit Union National Association Governmental Affairs Conference and industry political advocacy programs,” said MnCUN President & CEO Mark Cummins.


With questions about the CUNA Governmental Affairs Conference, contact MnCUN Director of Governmental Affairs Ryan Smith.





Great Action Alert: U.S. Senate Set to take action on Economic Growth, Regulatory Relief, and Consumer Protection Act


View all Governmental Affairs news stories




NCUA Seeks Comments on Call Report and Profile Modernization

FHFA Requests Input on Updates to Credit Score Models


View all Regulatory Compliance news stories


Digital and Relationship Transformation with Rhonda Sheets at the 2018 AXFI Conference

OnApproach has announced that Rhonda Sheets, Founder/President/CEO of Support EXP, will return as a keynote speaker at the upcoming 2018 Analytics and Financial Innovation (AXFI) Conference. Rhonda, always on the cutting edge of analytics and innovation, will have attendees asking the right questions about how to reach their organization’s goals.

Rhonda’s session, “Digital Transformation is the Strategy – Relationship Transformation is the Goal,” will provoke you to profoundly transform member relationships, inspiring you to Live Your Difference™. The conventional wisdom is that digital transformation is key to staying competitive in a banking marketplace where the rules and consumers’ expectations keep changing. There will come a time when the digital playing field will be even – everyone will have sufficient digital capabilities, or they simply won’t be “in the game.” The more fundamental question is:  What is the endgame you are driving toward?  If you’re still losing members, you are poorly postured to compete.

The 2018 AXFI Conference will take place June 10 through 13 at the Radisson Blu Mall of America. Full conference details and registration are available on the AXFI website.

TruLync, a wholly-owned subsidiary of the Minnesota Credit Union Network offers OnApproach solutions to clients in a service-bureau environment. For more information, contact MnCUN Director of Business Development Kris Jacobsen by email or by phone at 651-288-5515 or toll free at 800-477-1034.

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

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