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|The Pulse (07-09-14)|
The Pulse (07-09-14)
July 9, 2014 ● Volume 03, Issue 26
Credit Union News
Last week, the calendar changed to July, ushering in the second half of 2014 – thus far an eventful year for the Minnesota Credit Union Network. As the association that works to ensure the success, growth and vitality of our member credit unions, we are keenly focused on creating the environment that allows you to grow, and providing support to you as you serve Minnesota consumers.
The Network recently posted an activities update to its website – visit the MnCUN Membership page for an overview of 2014 strategic initiatives.
“As is evidenced by our list of activities and accomplishments at the end of each year, we are truly firing on all cylinders and continue to operate with an aggressive strategic plan,” said MnCUN President & CEO Mark D. Cummins. “Our staff accomplishes a high volume of quality work on behalf of the credit unions of Minnesota.”
The website highlights accomplishments in several areas, including:
Credit unions are encouraged to participate in MnCUN initiatives to maximize their membership. For additional information and to hear what credit unions are saying about the Network, see the member testimonials posted online. With questions or comments, contact MnCUN Vice President – Association Services Kristina Wright by email or at (651) 288-5507.
The Minnesota Credit Union Network's Fall Leadership Conference is scheduled for Sept. 5-7, 2014, at Madden's Resort in Brainerd. Filled with educational sessions, networking, entertainment, and recreation opportunities, this event provides a weekend of learning and fun. Sessions throughout the weekend are designed for both credit union professionals and volunteers, including:
Held at Madden's Resort in Brainerd, Fall Leadership Conference also offers attendees many amenities that provide relaxation and recreation. Madden's offers first-rate dining, and unrivaled leisure activities – including top-notch golf courses. It's business casual throughout the weekend for conference participants, including at the Saturday evening banquet.
With valuable networking opportunities, informational workshops and entertainment, this conference has something for everyone.
Lodging arrangements must be made directly with Madden's. The lodging reservation deadline has passed, however, rooms may still be available at the regular rate. More information on lodging is available on the Fall Conference Lodging page of the Network website.
With questions, contact MnCUN Director of Education Sue Groskreutz at (651) 288-5521.
Many credit union staff have heard, and many times have witnessed, how vulnerable adults are taken advantage of financially by family members, fiduciaries, and con artists. In response to this pervasive issue, the Minnesota Credit Union Network (MnCUN) is hosting a free Elder Financial Abuse forum on Thursday, July 24, from 10 a.m. to 12:30 p.m. for member credit unions. This session will include a panel of stakeholders in Minnesota who are battling this epidemic to discuss how to identify and report to the appropriate agencies suspicion of elder financial abuse, and will provide additional resource information on this topic. The panel will include representatives from the AARP, the Department of Commerce, the Department of Human Services – Adult Protection Unit, and the newly created Vulnerable Adult Justice Project out of William Mitchell College of Law.
In addition to the above, the following are some additional resources available to credit unions regarding this issue:
For additional information and online registration, visit the event calendar. For additional information or with specific questions about this event, please contact Sue Groskreutz by email or at (651) 288-5521.
Credit unions and service providers – now it your last chance to register for the inaugural Financial Literacy 5K, a walk/run and kids run set for this Saturday, July 12, at Lake Normandale in Bloomington. Organizations can vie for the “team trophy” at this event by including information the registration form. Any credit union, school or organization that registers five or more Financial Literacy 5K participants will automatically be “in the running” for the team award. Participants’ times will be aggregated and averaged to determine the best team time.
The Financial Literacy 5K is being hosted by the Minnesota Credit Union Foundation. With a strong commitment to financial education, the Foundation is an organization dedicated to providing the resources for credit unions and communities to prosper and thrive. In 2013, the Foundation launched its Financial Education Grant Program and an ongoing budgetary commitment to financial education. The Foundation dedicates 50 percent of its annual budget to Financial Education Grants that positively impact credit union members and communities.
The 2014 Financial Literacy 5K is powered by soleMOTION Race Management and is sponsored by TC Running Company, Banzai financial education, and TruStage insurance and investments, a division of CUNA Mutual Group. Registration is open to:
For additional details about the Financial Literacy 5K, visit the MnCUF website.
Credit unions work hard every day to offer unique projects, products and services that benefit their members and their communities. To honor these efforts, the Minnesota Credit Union Network wants you to submit your entries for this year's Dora Maxwell, Louise Herring and Desjardins awards programs. Recognize the ways your credit unions are improving lives and communities.
Below is a brief overview of each awards program:
To submit an entry, visit the National Awards Programs page of the Network website, where you will find entry forms, information on eligible activities, checklists and more.
Statewide entries must be submitted to the Network office by Friday, July 25. 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 Director of Communications Connie Kuhn by email or call (651)288-5527.
Is your credit union seeking assistance with compliance? Do you need an audit completed? Or perhaps you’re not quite sure what kind of help your credit union needs? The Network can help!
MnCUN’s Compliance & Audit Consultant Marcia Armstrong Lewis is a CUNA-certified BSA Compliance Specialist, a certified compliance officer and a Certified Financial Services Auditor. She is able to assist credit unions with any number of compliance and/or audit services, such as:
For a complete list of services and to watch a short overview video of MnCUN’s compliance & audit consulting, visit the Compliance Services page of the Network website. With specific questions or to schedule an appointment, contact Marcia Lewis by email or at (651) 288-5509.
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.
NCUA Issues Letters to Credit Unions
Out for Comment