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|The Pulse (05-27-15)|
The Pulse (05-27-2015)
May 27, 2015 ● Volume 04, Issue 21
Credit Union News
Jennifer Stedt, the Network’s Compliance and Audit Consultant, recently received CUNA’s Bank Secrecy Act Compliance Specialist (BSACS) certification. Stedt joined the Network in December 2014, and is a certified compliance officer with 20 years financial institution experience in a variety of positions. Specifically, she has experience in risk management, internal auditing, training, compliance and operations.
As the Network's Compliance & Audit Consultant, Stedt works with credit unions around the state to provide compliance and audit services. She assists credit unions in meeting ongoing regulatory needs and provides compliance and auditing services on a project basis on a variety of compliance topics, including Bank Secrecy Act (BSA) and Supervisory Committee requirements. She works as part of a credit union's team to identify compliance issues and assist in implementing solutions. She also has the ability to establish, develop and strengthen programs that facilitate credit union compliance with regulations.
Your Money, Your Goals is a toolkit that financial literacy providers can use to help their clients set goals, choose financial products and build skills in managing money, credit and debt. This toolkit helps credit unions and other financial literacy providers offer high quality, unbiased financial information and tools for individuals and families to become financially empowered. At the end of the training participants will receive a Certificate of Completion.
Participants learn the following:
Your Money, Your Goals was created by the Consumer Financial Protection Bureau (CFPB). A webinar will be delivered tomorrow, Thursday, May 28, from 10 to 11:30 a.m. by the University of Minnesota Extension, Center for Family Development and Minnesota Department of Employment and Economic Development (DEED).
Registration for this event can be found online.
Credit Union Magazine is looking for Credit Union Rock Stars who demonstrate outstanding innovation and creativity in their chosen fields. Selected individuals are those who have made the credit union movement a better, more interesting place.
The deadline for nominations is July 15.
Consumers across the country continue to discover credit unions – the smarter choice in the financial industry!
aSmarterChoice.org uses news stories and member testimonials to educate consumers about credit unions. The national credit union locator on the site enables users to quickly and successfully find a credit union in their area. In addition, this website offers free marketing resources that credit unions can use to promote this valuable tool.
In 2014 consumers who used aSmarterChoice clicked on search result links to individual Minnesota credit unions nearly 2,000 times. To maintain that momentum, credit unions need to update their own information within the locator to ensure that it’s accurate and comprehensive. Take the time to review information posted for your credit union on the website. To edit your profile, visit aSmarterChoice.org's update your records page or contact Scott Shoberg at the Network office for login credentials.
Credit union supporters are encouraged to nominate individuals and organizations for the Herb Wegner Memorial Awards to be presented by the National Credit Union Foundation (the Foundation). Winners will be honored at the Foundation’s annual awards dinner on February 22, 2016 in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.
“The Foundation’s Wegner Awards are widely considered the highest national honors in the credit union movement, so we encourage you to nominate your best and brightest for these prestigious awards,” said Danielle Brown, Foundation Director of Donor Relations and Development.
Nominations need to be made by Friday, July 31 for the following awards:
There has been a notable change this year to the name of the awards, as the Lifetime Achievement Award and the Individual Achievement Award have been consolidated into one award, entitled the Outstanding Individual Achievement Award. Multiple awardees may be selected from each category.
Nominations can come from individuals and/or organizations. The following are the three steps needed to make a nomination:
Questions about the Wegner Awards can be directed to Danielle Brown by email or by phone at (608) 556-2406.
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.
Kasasa is a national brand of free checking and savings accounts with rewards consumers want, including high rates, cash back, digital downloads, donations to causes, and money to help save. Plus, we've Kasasa offers money management tools that help members take control of their financial life.
It's a movement for change that's sweeping the nation and gaining momentum every day. This video interview with our CEO, Gabe Krajicek explains the philosophy behind Kasasa.
For more information on Kasasa, contact MnCUN Vice President – Network Service Corporation John Ferstl by email or at (651) 288-5557.