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|The Pulse (09-23-15)|
The Pulse (09-23-2015)
September 23, 2015 ● Volume 04, Issue 38
Credit Union News
8 Minn. credit unions win awards, advance to national competitions
The Minnesota Credit Union Network (MnCUN) is pleased to announce the state-level winners of the 2015 Dora Maxwell, Louise Herring and Desjardins award competitions. These awards are sponsored each year by MnCUN and the Credit Union National Association (CUNA).
The 2015 Minnesota award-winners are:
Dora Maxwell Social Responsibility Community Service Award
$20-$50 million: Star Choice Credit Union
$100-$200 million: Minnesota Valley Federal Credit Union
$200-$500 million: Minnco Credit Union
$500 million-$1 billion: SPIRE Credit Union
$1+ billion: Wings Financial Credit Union
Louise Herring Philosophy in Action Member Service Award
<$50 million: Star Choice Credit Union
$250 million-$1 billion: Hiway Credit Union
$1+ billion: Affinity Plus Federal Credit Union
Desjardins Youth Financial Education Award
$150-$500 million: TopLine Federal Credit Union
>$500 million: Wings Financial Credit Union
Desjardins Adult Financial Education Award
$150-$500 million: TopLine Federal Credit Union
>$500 million: SPIRE Credit Union
MnCUN received 23 award entries this year, and they were judged by another state’s credit union league to ensure unbiased results. The winners in each award category now advance to CUNA’s national contest where they will compete with credit unions across the country, with judging to take place in October.
"This year’s award-winners demonstrated creativity and commitment to the values credit unions hold dear – financial education, service to community, and extraordinary member service,” said MnCUN President & CEO Mark Cummins. “Each of these credit unions deserves recognition, and we are proud they represent Minnesota in the national competition.”
The Dora Maxwell Social Responsibility Community Service Award was created in 1987 and recognizes credit unions for the activities they coordinate that benefit the community or a specific charity. This award promotes social responsibility among credit unions by formally recognizing their achievements outside the credit union.
The Louise Herring Philosophy in Action Member Service Award is given to a credit union for its practical application of the "people helping people” philosophy in internal operations. Created in 1990 with four asset categories, this award promotes the credit union philosophy by formally recognizing credit unions that demonstrate in an extraordinary way the application of the movement's principles in serving their members.
The Desjardins Youth and Adult Financial Education Awards formally recognize the leadership of individual credit unions and chapters in their efforts to better educate youth and adults in financial literacy.
Media dynamics are in constant motion. Credit Unions have a compelling and newsworthy stories that reporters, bloggers and journalists need to understand and cover. The Minnesota Credit Union Network’s Media Training will focus on strategies to engage, manage and shape media coverage. Scheduled for Tuesday, Nov. 3 from 10 a.m. to 2 p.m., the training include tips and techniques for interacting with media along with practice delivering your message.
The Marketing and Media Bootcamp is geared toward CEO’s, marketers and anyone who may be in a spokesperson role at their credit union. More information and registration are available on the Network calendar of events online.
Schedule for February 21 through 25, 2016, the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) brings the credit union message to Capitol Hill. Thousands of credit union professionals and volunteers from across the country gather in our nation’s Capital to raise awareness about credit unions and important initiatives. The four-day conference includes a variety of breakout sessions and guest speakers, providing critical political updates and current challenges credit unions face. Participants will visit members of the Minnesota Congressional Delegation, and have the opportunity to attend special events in conjunction with the GAC.
MnCUN is already gearing up for its slate of GAC activities and is in the planning stages for these special events. Look for more details and registration on the MnCUN GAC webpage beginning Thursday, September 24.
The Minnesota Credit Union Network’s Regulatory Review Committee Chair, Gregory Higgins, Senior Vice President & General Counsel for Wings Financial CU, was recently selected by the Consumer Financial Protection Bureau (CFPB) to represent credit unions on its Credit Union Advisory Council (CUAC). CUAC advises the CFPB on regulating financial products and services and how such regulations will affect credit unions. Higgins is among eight credit union representatives selected to join CUAC.
“Members of CUAC have a unique opportunity to represent credit unions facing an unprecedented number of regulatory burdens,” said MnCUN President & CEO Mark Cummins. “We are thankful to have a strong relationship with the CFPB and know the council will benefit from his service.”
Appointments to CFPB councils are generally for two years, but can be modified by the CFPB director. The CUAC is permitted to have between 15 and 20 members at any given time.
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.