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|The Pulse 12-07-17|
Volume 6, Issue 47.5
MnCUN Holds Life Simulation to Help Credit Unions Better Serve Struggling Members
Last week, 64 credit union professionals took part in a Life Simulation designed to help sensitize credit union employees, volunteers, and management to the financial needs of low-wage working families.
During the three-hour activity, participants were grouped into “families” struggling to make ends meet in a simulated month of four fifteen minute weeks. Each participant played a unique role within the family. These simulated families visited a variety of booths, including a school, employer, pawn shop and payday lender. Through the exercise, they encountered events & financial crises faced by many low-income Americans, including eviction, loss of utilities, lack of reliable transportation, crime, and the moment-to-moment stress of making ends meet. At the conclusion of the exercise, participants shared their experiences and emotions in a powerful debriefing session.
Wakota Federal Credit Union Director of Community Affairs Amanda Kissner lead the debrief session following the Life Simulation.
“It was fascinating to watch participants discuss the Life Simulation and draw conclusions from the emotional and stressful experience,” said Kissner. “I was inspired hearing those who had completed the participation discuss how their perceptions changed and their increased commitment to help credit union members struggling financially.
The event was hosted by the Minnesota Credit Union Network and supported by the Minnesota Credit Union Foundation. The event was run by volunteers of the Minnesota Credit Union Network young professionals group, The Crew.
With questions about hosting a Life Simulation at your credit union, or with a community partner, please contact Minnesota Credit Union Foundation Executive Directory Andrea Molnau by email or by phone at 651-288-5527.
Update Your MnCUN Notification Preferences
Credit unions need to be aware of industry trends to best serve their members. Whether it is legislative news or upcoming regulatory changes, MnCUN provides a number of publications to keep you and your team informed. In order to ensure you receive the most up-to-date and relevant information, please take a moment to update your profile online.
The Minnesota Credit Union Network wants to make sure the news and information we send to your inbox is relevant to you. We ask that you please Review Your Profile today to ensure your email preferences and contact information are up-to-date. For more information on the types of emails MnCUN sends out, visit the Publications page of the MnCUN website.
If you find that our emails are being routed to your junk email, please whitelist the IP address 220.127.116.11 for your email system.
With questions about your profile, contact MnCUN Director of Facilities & Technology Scott Shoberg by email or at (651) 288-5525.
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 Laura Whittet.
Below is a summary of the Minnesota Credit Union Network's December and January educational sessions. Browse the listings below and click the links for more detailed information and online registration.
Peer-to-Peer (P2P) Sessions & In Person Events
Look for a complete schedule on the Event Calendar section of the Network website.
Applications are now being accepted for the 2018 Foundation Scholarship Council (FSC) scholarship program. This year, the council will be awarding $20,000 in the form of two $3,000, two $2,000, and 10 $1,000 scholarships. Any member of a Minnesota Credit Union Network affiliated credit union pursuing post-secondary education in the fall 2018/spring 2019 is eligible to apply.
Applications are being accepted online with a submission deadline of Feb. 1, 2018.
As a cooperative benefit to Minnesota’s credit unions, the Foundation Scholarship Council has developed marketing resources to promote the scholarship to members.