The Minnesota Credit Union Foundation (MnCUF) provides resources to help the state's credit unions and communities prosper and thrive – serving as the philanthropic arm of the Minnesota Credit Union movement. Credit union history and principles are rooted in serving the underserved and cooperation among cooperatives. Based on the success of our collaborative efforts to support Arise Community Credit Union, the Foundation again invites credit unions, individuals, and other organizations to participate in further opportunities to grow the credit union movement with De Novo Credit Unions in Minnesota.
Contact Minnesota Credit Union Foundation Executive Director Andrea Molnau to learn more.
Contact Minnesota Credit Union Foundation Executive Director Andrea Molnau to learn more.
Minnesota De Novo Credit Unions
- Arise Community Credit Union
- Tribe Federal Credit Union
- Gulf of Aden, an Islamic FOM-focused applicant
Capital Contributions
MnCU Foundation is currently supporting a capital drive for Tribe Federal Credit Union. And due to a special donation, contributions will be matched dollar for dollar up to $150,000 if made by June 30, 2025.
Individual Contributions |
Credit Union or Organizational Contributions |
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Make your online donation today. MnCUF is a tax-exempt 501(c)(3) organization. For tax purposes, contributions may be tax-deductible. Donations will be held, and then released, to the De Novo Credit Union after regulatory approval to open has been received. Individual donations are non-returnable. In the event regulatory approval is not received, donations made by individuals will be transferred to MnCUF’s General Fund.
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Organizations wishing to contribute are asked to complete a contributor agreement and make their donation by check or ACH. Donations will be held, and then released, to the De Novo Credit Union after regulatory approval to open has been received. In the event regulatory approval is not received, donations will be returned to contributors per the agreement.
Contact Executive Director Andrea Molnau to learn more and make your donation. |
Post-Opening Deposit Pledge
Credit Union Deposit Pledges
Credit unions and partner organizations may pledge to deposit funds up to the $250,000 NCUA Insurance Limit at De Novo Credit Unions once regulatory approval has been received and the credit union is open. To secure your deposit commitment, simply complete the pledge form below, and email a letter on your credit union letterhead to Minnesota Credit Union Foundation Executive Director Andrea Molnau.
De Novo Credit Union Mentorship Opportunities
The NCUA requires the de novo credit union to have a credit union mentor. In working with the NCUA, MnCUN has created a new collaborative coalition model that will meet this mentoring requirement.
Mentee De Novo credit unions will be required to complete a self-assessment of areas of need as they progress from the chartering to operational phases. We’ll use this to match with mentors based upon the availability of time, expertise, and resources. Our vision is to have mentors from various credit unions that we can call on for their desired area of expertise, along with credit unions able to assist with financial support, as de novo credit unions seek our assistance as they make the transition from chartering to the day-to-day operations phase.
Areas of assistance typically involve (but not limited to):
If you are interested in participating with the coalition, please complete the volunteer form to indicate areas of expertise and time available. Please note filling out the form does not require a commitment – we will follow up to confirm availability as the areas of assistance are requested.
Mentee De Novo credit unions will be required to complete a self-assessment of areas of need as they progress from the chartering to operational phases. We’ll use this to match with mentors based upon the availability of time, expertise, and resources. Our vision is to have mentors from various credit unions that we can call on for their desired area of expertise, along with credit unions able to assist with financial support, as de novo credit unions seek our assistance as they make the transition from chartering to the day-to-day operations phase.
Areas of assistance typically involve (but not limited to):
- Credit union procedures (account opening, lending, CU Accounting, ALM, etc.)
- Compliance and Regulatory Insight
- Small CU Best Practices (i.e., how to handle dual controls with a smaller office, human resources, etc.)
- Required Reporting
- Audits/Exams
- Board and Committee Duties and Responsibilities
- Fundraising
If you are interested in participating with the coalition, please complete the volunteer form to indicate areas of expertise and time available. Please note filling out the form does not require a commitment – we will follow up to confirm availability as the areas of assistance are requested.
