The Pulse (06-17-15)


 

 






The Pulse (06-17-2015)

June 17, 2015 ● Volume 04, Issue 24

 

The Pulse Archive

Credit Union News

 

MnCUN thanks outgoing members, welcomes new committee members

As cooperatives, Minnesota credit unions know firsthand what can be accomplished when people pool their resources and knowledge. The Minnesota Credit Union Network continually works to facilitate opportunities for its member credit union to come together and be part of a larger credit union community.

The Network committees are made up of credit union professionals who volunteer their time to serving the Minnesota credit union movement. Representing credit unions of all sizes and from all corners of the state, committee members help to further a variety of objectives from politics to international partnerships to cooperative advertising.

The Network would like to recognize and thank the following out-going committee members for their service:

  • Pat Pierce, City & County Credit Union – Audit Committee
  • Sandra Wiederholt, Ecolab Credit Union – Awards Committee
  • Rick Odenthal, Central Minnesota Credit Union – Awards Committee
  • Matt Maras – United Employees Credit Union – Regulatory Review Committee
  • Paul Knorr, Accentra Credit Union – Political Involvement Committee
  • Tim Smith, Lake State Credit Union – Political Involvement Committee

The Network would like to welcome the following incoming committee members for their service:

  • Nadine Rieland, Central Minnesota Credit Union – Awards Committee
  • Dana Hofmann‐Geye, Thrivent Federal Credit Union – Regulatory Review Committee
  • Matt Maras, United Employees Credit Union - Political Involvement Committee
  • Deb Almirall, Minnesota Power Employees Credit Union - Political Involvement Committee
  • Brianne Meszaros, Royal Credit Union - Political Involvement Committee

“We appreciate the members of both MnCUN and MnCUF committee members for taking time out of their busy schedules to represent their credit unions,” said MnCUN President & CEO Mark Cummins. “It is this sort of active involvement that maintains a thriving credit union community in Minnesota.” 

More information about MnCUN and MnCUF committees can be found on the Chapters & Committees page of the Network website.


 

Submit entries for the 2015 Dora, Louise, Desjardins awards

Minnesota's not-for-profit credit unions across the state continue to uphold the "people helping people” philosophy in the work they do every day for their members and their communities. Setting similarities aside, no credit union is alike. Each offers its own unique projects, products and services. To honor these distinctions, the Minnesota Credit Union Network and CUNA are proud to sponsor this year's annual Dora MaxwellLouise Herring and Desjardins awards programs to recognize credit unions that are improving lives and communities. 

Below is a brief overview of each awards program: 

Dora Maxwell Social Responsibility Community Service Award
The Dora Maxwell Award recognizes model credit unions that are improving the
lives of community members through external projects and activities.

Louise Herring Award for Philosophy-in-Action Member Service Award 
The Louise Herring Award recognizes model credit unions that are exhibiting their credit union philosophies andimproving members' lives through internal programs.

Desjardins Youth Financial Education Award 
The Desjardins Youth Award recognizes model credit unions that are teaching personal finance concepts and skills to credit union members and nonmembers age 18 and younger.

Desjardins Adult Financial Education Award
The Desjardins Adult Award recognizes model credit unions that are teaching personal finance concepts and skills to credit union members and nonmembers age 18 and older.

To submit an entry, visit the National Awards Programs page of the Network website. There, you will find links to individual awards program pages that include helpful information such as eligible activities, entry forms and more.

Credit unions are encouraged to enter in one or all of the national awards programs. Winning submissions will advance to the national competition for judging this fall. With questions about the Dora Maxwell Award program, please contact MnCUN Director of Communications Connie Kuhn by email or at (651) 288-5527.


 

Are you a Credit Union Rock Star—or do you know someone who is?

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. 
Nominations can be made online.


 

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.  


TopLine Federal Credit Union hosts second annual bike drive to benefit local St. Paul youth apprenticeship program


Hiway Federal Credit Union, Wings Financial Credit Union recognized as StarTribune 2015 Top Workplaces

 

Affinity Plus Federal Credit Union community involvement takes root through community garden volunteerism

 

 

 

Legislative session highlights outlined in 2015 Session Summary 

MnCUN, CUNA successful in advocating for removal of reporting provision

 

View all Governmental Affairs news stories



 

NCUA releases agenda items for upcoming June board meeting 

NCUA releases June 2015 NCUA Report 

NCUA opens registration for Town Hall Webinar 

NCUA, AARP to host joint webinar on elder financial abuse prevention

Dept. of Treasury issues money laundering and terrorist financing risk assessments

FRSB releases June 2015 issue of FedFlash

FHFA expands opportunities for reverse mortgage ‘non-borrowing spouses’ to remain in their homes

 

 

View all Regulatory Compliance news stories

 

  

 

CO-OP Shared Branch surpasses Bank of America in number of branches

CO-OP Shared Branch has surpassed Bank of America in number of branch offices, and is now the nation's third largest network of financial institution branches, according to data drawn from the FDIC.

Credit Union Shared Branching Network Now Third Among Financial Institutions

RANCHO CUCAMONGA, Calif. (June 11, 2015) - CO-OP Shared Branch has surpassed Bank of America in number of branch offices, and is now the nation's third largest network of financial institution branches, according to data drawn from the FDIC. 

CO-OP Shared Branch comprises 5,341 branches, compared to Bank of America's 5,244 branches. The figures were compiled by CO-OP Financial Services on May 19, 2015, and retrieved from the FDIC's "Find Banks" page.

"We have achieved a significant milestone by reaching more than 5,300 branches, but the sky is still the limit for our industry's unique shared branching concept," said Stan Hollen, President/CEO, CO-OP Financial Services. "There are about 1,800 credit unions participating in shared branching, offering convenient branch access to more than 52 million members wherever they may travel in the United States. 

"In addition to member convenience, shared branching offers a means of generating revenue and operational efficiencies for participating institutions," said Hollen. "If all of the nearly 7,000 credit unions in the U.S. were part of shared branching, our locations would number about 21,000." 

The credit union industry's shared branch network is also gaining fast on the two remaining networks with more branches. Chase has 5,892 branches and Wells Fargo has 6,392 according to the same FDIC source. 

In addition to the more than 5,300 "live teller" branches, CO-OP Shared Branch also includes nearly 1,800 self-service kiosks within select 7-Eleven stores nationwide. 

A business unit of CO-OP Financial Services, CO-OP Shared Branch is the credit union movement's national network for extending branch services to members between institutions. Members of participating credit unions can enter the branch of any other participating credit union and transact account-related business as if they were in their own home branch.

To learn about opportunities available to your credit union through shared branching, contact MnCUN Vice President – Network Service Corporation John Ferstl by email or at (651) 288-5505.

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