The Pulse (08-19-15)



The Pulse (08-19-2015)

August 19, 2015 ● Volume 04, Issue 33


The Pulse Archive

Credit Union News


CEO Roundtable with NCUA Vice Chairman Metsger - Sept. 25 

The Minnesota Credit Union Network will be hosting a CEO Roundtable with National Credit Union Administration (NCUA) Vice Chairman Rick Metsger. The event will take place at Wings Financial Credit Union in Apple Valley from 10 a.m. to 12:30 p.m. This event will be an open format allowing credit union CEOs, to have a frank conversation with Vice Chairman Metsger on the various issues, obstacles and opportunities credit unions face. 

More information and registration is available on the event webpage. With questions, contact MnCUN Vice President & General Counsel John Wendland.



Mark your calendar – MnCUN Media Bootcamp scheduled for Nov. 3

Media dynamics are in constant motion. Credit Unions have compelling and newsworthy stories that reporters, bloggers and journalists need to understand and cover.  MnCUN’ s media Training will focus on strategies to engage, manage and shape media coverage.  It will include tips and techniques for interacting with media along with practice delivering your message. The training is geared toward CEOs, marketers and anyone who may be in a spokesperson role at their credit union.

  • Date: Tuesday, Nov. 3
  • Time: 10 a.m. – 2 p.m.
  • Presenter: Blois Olson
  • Cost: $50 (lunch included)
  • Location: MnCUN Office

More information and registration is available on the event webpage. With questions, please contact MnCUN Communications Specialist Laura Whittet by email or by phone at (651) 288-5503.



$16,500 in financial education grants available from MnCUF

The Minnesota Credit Union Foundation – with the mission of providing resources for credit unions and communities to prosper and thrive – has a strong commitment to financial education. On Monday, the Foundation announced that it has $16,500 in grants available to assist Minnesota credit unions in implementing financial education projects.

Applications will be accepted Monday, August 24 through Friday, Oct. 2.

Applications will be evaluated on a variety of factors, including credit union value, community impact, collaboration and creativity. Projects/initiatives must have measurable outcomes and submit a written follow-up report within 30 days of the project completion.

Examples of financial education projects/initiatives include:

  • establishing an in-school branch
  • partnering with a community organization to teach personal finance skills
  • teaching financial literacy classes in local schools
  • creating a CU Youth Advisory Board that incorporates various learning components
  • hosting seminars on credit, debt, budgeting, etc., for members or for the community
  • coordinating retirement or estate planning workshops
  • offering youth checking or credit card products and apply required learning benchmarks
  • providing credit union services to high-risk members, coupled with education classes
  • supplying local schools with financial education curriculum

For additional information and application forms, visit the financial education grants page of the Foundation website. With questions, email MnCUF Executive Director Lyndsay Miller or call (651)288-5517.



Business Journal seeks CEO of the Year

The Minneapolis/St. Paul Business Journal is seeking nominations for its annual Executive of the Year Award. The honoree will be featured in the first issue of 2016.

The honor will be awarded to a chief executive of a Minnesota company who has a long track record of business success. The honoree must have made outstanding contributions to a Minnesota company, an industry and the community. In keeping with the Business Journal’s mission, the executive must have been an important figure in news of the past year.

To nominate an executive for this honor, please complete the online form by Friday, Sept. 11.


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 Communications Specialist Laura Whittet

Mid-Minnesota Federal Credit Union hosting medallion hunt during Staples Railroad Days Celebration


TopLine Federal Credit Union provides financial advice to first-time interns


Central Minnesota Credit Union $35,000 donation to benefit local school



MnCUN young professionals group visits local brewery, fundraises for credit union PAC

MnCUN Hike the Hill Room Block Deadline Tuesday, Sept. 1


View all Governmental Affairs news stories


NCUA releases Legal Opinion Letter on Loan Participations in Indirect Loans

View all Regulatory Compliance news stories




Seven Cyber Security Tips to Help Keep Your Business Safe

EO Johnson Business Technologies’ Locknet® Managed IT Services provides tips to assist your organization in being safe from Cyber-attacks.

Financial institutions and small businesses agree – they are dependent on the Internet for their day-to-day operations.  And, particularly for financial institutions, they have vital information to protect.  How to protect themselves from Cyber threats is of critical importance.

Where to start?

Cyber security starts with a simple message:  Stop. Think. Connect.  The goal is to create awareness of the risk of cyber threats so employees demonstrate safer online behaviors. 

Seven tips to keep your organization safe

Consider the following seven tips in protecting your organization and employees from online attacks, data loss, and other threats.

  1. C-level issue – Cyber risk is a corporate risk and must be managed from the top. 
  2. Assess your risks – CEOs need to address cyber risk in existing risk management processes and governance processes and integrate cyber risk management into day-to-day operations. 
  3. Monitor threats – Understand the online threats to your organization's network.  This will enable you to employ practices and behaviors that limit your company's risk.
  4. Report cyber-attacks – If your business has been victimized by a cyber-attack notify the appropriate authorities.  There may be losses you can recover and the attackers brought to justice.
  5. Implement a cyber security plan – Experts recommend a strategic approach to cyber security, and a network assessment will help you establish a plan to mitigate risks.
  6. Protect your members – Lax computer security practices can put your members at risk, and they trust you to protect the information they give you.  Consider these best practices: 
    • Have a privacy policy.
    • Know what information you have.
    • Keep only what information you need and delete the rest.
    • Protect the information your members give you.
  7. Train your employees – Protecting your organization online starts with having well-trained employees.  They need to understand their roles and responsibilities in safeguarding sensitive data and protecting company resources.   Talk to your employees about keeping a clean machine, following password policies, not opening suspicious links, backing up their work, being watchful of threats, and speaking up if they see unusual things on their computers. 

Cybercrime is ever changing, and it is critical to be aware of the most current threats.  Defending against cybercrime is becoming a highly specialized skill.  Organizations that don’t have the internal resources to effectively control the risks associated with cybercrime should consider seeking out a partner that has the unique expertise required to protect their employees, organization, and members.  

To learn more about Locknet 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