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|The Pulse (07-03-13)|
The Pulse (07-03-13)
July 3, 2013 ● Volume 02, Issue 26
Credit Union News
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 Maxwell, Louise 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
Louise Herring Award for Philosophy-in-Action Member Service Award
Desjardins Youth Financial Education Award
Desjardins Adult Financial Education Award
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
Statewide entries must be submitted to the Network office by Friday, July 26. 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, contact MnCUN Communications Intern Jane Lee by email or call (651) 288-5513.
Two staffers from the Minnesota Item Processing Corporation (MnIPC) received certification as National Check Professionals last week in the National Check Professional Certification (NCPC) program, enabling them to demonstrate expertise in the various aspects of check payments.
Michelle Carlson and Ryan Fox received this certification from Electronic Check Clearing House Organization (ECCHO), a not-for-profit corporation that provides and maintains national rules regarding both paper and electronic check payments.
Carlson, MnIPC Vice President, and Fox, Accounting & System Administrator, spent six months preparing for the 120-question exam, which demonstrates "a working knowledge of every significant aspect of the new check payment system including products and operations, relevant rules and laws that govern checks, industry standards and fraud and risk mitigation considerations,” according to ECCHO.
"The National Check Professional certification is the ‘gold standard' in check payment industry, and the information on trends and regulations helps to sharpen our knowledge in many areas,” Carlson said. "Having two staff who are NCP-certified gives MnIPC a credible competitive advantage over other professionals in the check payment industry today.”
MnIPC is part of the Network Service Corporation, a wholly-owned subsidiary of the Minnesota Credit Union Network. MnIPC was originally formed in 1994 and provides credit unions with a cost-effective check processing alternative, as well as remote deposit capture, return item processing, online image access, and adjustment processing.
NCUA to host online town hall July 18
The National Credit Union Administration's regulatory modernization efforts, credit union industry performance and emerging credit union system risks will be among the topics discussed when agency Chairman Debbie Matz hosts a free town hall webinar on Thursday, July 18.
"Effective regulation requires an ongoing, two-way dialogue and the sharing of important information. There will be a lot to discuss, and I'm looking forward to a lively, interesting dialogue," Matz said.
The webinar is scheduled to begin at 2 p.m. Other webinar topics include:
CIF investment supports financial education, Minnesota Credit Union Foundation
Credit unions can contribute to the Minnesota Credit Union Foundation (MnCUF) by investing in the National Credit Union Foundation's (NCUF's) Community Investment Fund (CIF). Established in 1999, the CIF allows investing credit unions to receive 50 percent of the return, and the remaining 50 percent is split evenly between the MnCUF and the NCUF.
The CIF provides a unique vehicle to support financial education, professional development, community outreach and emergency assistance, not only in Minnesota, but across the country as well.
For more information on how the CIF works, please visit the NCUF website or watch the video below!
With questions about the Community Investment Fund, please use the contact information included below or call NCUF Director of Resource Development & Donor Relations Josie Collins at (800) 356-9655, ext. 4397.
National Cooperative Bank (NCB)
Alloya Corporate Federal Credit Union
Corporate One Federal Credit Union
Catalyst Corporate Credit Union
Volunteer Corporate Credit Union (VolCorp)
Gain new insights and tools on youth financial literacy by attending the 2013 National Youth Involvement Board (NYIB) conference. Attendees will have the chance to rub elbows with fellow peers and gain knowledge from nationally recognized speakers, while engaging in breakout sessions to optimize learning opportunities. The conference will be held July 29-Aug. 1 in San Diego, Calif. It's a one-of-a-kind educational event you won't want to miss.
NYIB has put together an exciting agenda! Sessions will cover various topics, including:
Thousands of credit union professionals attend this conference to create enthusiasm for financial literacy while furthering their success in reaching out to youth. This year's conference is supported by the Credit Union National Association, the National Endowment for Financial Education and BizKid$, a PBS television series featuring kids teaching kids about money.
To learn more about the conference and to register, visit the National Youth Involvement Board website. Be sure to arrange accommodations before 5 p.m. Monday, July 8, 2013.
NCUA Letters to Credit Unions
Out for Comment