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|The Pulse (04-28-16)|
April 28, 2016 ● Volume 5, Issue 17.5
Network Releases Infographic – Challenges for Money and Millennials
The Network has assembled and reviewed the research to show how millennials, girls, and credit scores are benefiting from financial education such as that required in Minnesota. During April, we’ve been highlighting events in locations across Minnesota, as well as releasing a series of infographics illustrating the benefits of financial education.
The second infographic highlights the financial challenges millennials face. The statistics about money stress and poor savings rates may seem daunting, but research also shows that Financial Education efforts work. Credit unions have long been leaders in this effort, as it is at the core of the credit union philosophy of ‘people helping people’.
If your credit union has financial education efforts specifically targeted to millennials, please contact Andrea Molnau, Director of Communications at the Minnesota Credit Union Network.
2016 BEST PLACES TO WORK - NOMINATION DEADLINE EXTENDED
The Business Journal has honored great workplaces for nearly two decades — the longest such awards program in the area. They have also covered the region’s business community for over 30 years and know being a Best Place to Work helps draw top talent.
The extended submission deadline is Monday, May 13. More information is available on the MSPBJ website.
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.
CEO Conference Registration Open
Registration is now open for the annual MnCUN CEO Conference being held June 8-10 at The Inn on Lake Superior in Duluth. Exclusively for credit union CEOs, this event will provide a supportive environment that will facilitate discussion on the issues, obstacles and opportunities facing you and your staff.
The conference will feature a variety of speakers and networking opportunities. In addition, the education component of the conference will examine many of the unique issues facing credit unions in Minnesota.
Speakers will include:
Additional conference and lodging details, along with a schedule of events, can be found on the CEO Conference page of the Network website.
With questions, please contact MnCUN Vice President & General Counsel
John Wendland by email or call (651) 288-5519.
City & County Credit Union Launches “Money on the Bookshelf”
With grant assistance from the Minnesota Credit Union Foundation (MnCUF), City & County Credit Union (CCCU) launched its new “Money on the Bookshelf” program at its Lake Elmo branch (pictured).
Money on the Bookshelf is a free, financial literacy program that encourages children to learn about the basics of money, including opening an account, saving, earning money and decision making. To enroll in the program, youth can visit CCCU’s Lake Elmo branch with a parent/guardian and receive a tracking bookmark. After they receive their bookmark, they can begin checking out books off of the bookshelf.
Each book is labeled with reading levels and themes found in the book to inspire money conversations. Once a child reads 5 books, they can earn a $5 coupon to either add to their savings account or to redeem for fun prizes.
“We are extremely excited to launch Money on the Bookshelf! This program was inspired by our goal to provide parents with the tools and resources they needed to have positive money interaction with their children.” Patrick Pierce, CEO/President explained. “With help from the Minnesota Credit Union Foundation, we were able to not only achieve our goal, but also inspire youth in the East Metro to read and begin saving early. We are looking forward to launching this program in all of our branch locations in the coming months.”
CCCU was one of five credit unions that received a financial education grant in the fall of 2015.
MnCUF’s next cycle of financial education grants will open in August 2015; for more information on financial education grants, and other grants available, see the Minnesota Credit Union Foundation website.