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|The Pulse 07-21-16|
Volume 5, Issue 29.5
Engage and Make an Impact: Restricted Funds Update
MnCUN works proactively to create an environment for credit unions to grow market share. To help achieve this goal, MnCUN has established restricted funds to strengthen our advocacy efforts on behalf of Minnesota’s credit unions – the Awareness Fund and the Advocacy Fund.
Expenditures from the Credit Union Awareness Fund have been made to support public affairs initiatives, which include public and media relations activities. During the first half of 2016, MnCUN has:
The Advocacy Fund has been used to enhance MnCUN’s advocacy activities this year through a number of expenditures including:
Thank you for supporting the Awareness and Advocacy Funds!
$1.55 Million Dollars Saved in WINcentive® Prize Linked Savings
In the first six months of the program, credit union members have opened over 3,200 accounts and saved over $1.55 million in the new WINcentive Savings program offered by 14 Minnesota credit unions and facilitated by the Minnesota Credit Union Network.
WINcentive prizes are offered on a monthly, quarterly and annual basis - up to $5,000. Account holders can qualify for up to four chances per month for each $25 increase in their savings balance. The Statewide prize-pool has awarded 311 total prizes equaling $41,000 to date. Members from Affinity Plus, Wakota, and Financial One credit unions will be presented with this quarter’s $1,000 prizes.
Credit unions also benefit from the WINcentive program. A survey of new WINcentive account holders shows that:
*The data in this report is from a Doorways to Dreams (D2D) Fund survey administered to WINcentive account holders by their credit unions. Survey responses were collected from January through June 2016.
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.
MnCUN Fall Leadership Conference – Register Today
The Minnesota Credit Union Network's 2016 Fall Leadership Conference will be held Friday, September 9 through Sunday, September 11, 2016, at Madden's Resort in Brainerd. Filled with educational sessions, entertainment and recreation opportunities, this event provides a weekend of learning, relaxation and fun. Sessions throughout the weekend are designed for both credit union professionals and volunteers.
Session topics will include the following:
To take advantage of the early bird discount, registration and payment must be received by Tuesday, Aug. 9. The deadline for regular priced registrations is Tuesday, Aug. 23. Credit unions with less than $35 million in assets are eligible to attend Fall Leadership Conference at a discounted rate.
More information and registration is available on the Fall Leadership Conference page of the MnCUN website. With questions about the 2016 Fall Leadership Conference, please contact MnCUN Vice President & General Counsel John Wendland by email or at (651) 288-5519.
Last Change to Submit National Credit Union Foundation Wegner Award Nominations
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 Feb. 27, 2017 in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.
Nominations need to be made by Friday, July 29, 2016 for the following awards:
Nominations can come from individuals and/or organizations. More information on submitting nominations can be found on the Foundation website.