The Pulse (01-06-16)



The Pulse (01-06-2016)

January 6, 2016 ● Volume 05, Issue 1


The Pulse Archive

Credit Union News


WINcentive Savings Launches at 14 Credit Unions 

Over 400,000 Minnesota credit union members, as well as new members who sign-up, now have access to the new incentive-based savings account, WINcentive Savings™. 

The first credit unions began offering WINcentive Savings accounts on Monday, January 4th, and members have already begun signing up. 

The current Statewide Prize Pool is $85,000, which will be distributed in full to credit union members in 2016. We anticipate that the prize pool will continue to grow as additional credit unions begin offering WINcentive. To date, 14 credit unions have signed to launch the program.

Affinity Plus Federal Credit Union 
CITIES Credit Union 
Financial One Credit Union 
First Alliance Credit Union 
Fulda Area Credit Union 
Hiway Federal Credit Union 
Mayo Employees Federal Credit Union

Mid-Minnesota Federal Credit Union 
North Memorial Federal Credit Union 
St. Cloud Federal Credit Union 
St. Paul Federal Credit Union 
US Federal Credit Union 
Wakota Federal Credit Union 
West Financial Credit Union

WINcentive Savings accounts work by awarding members with entries into monthly, quarterly and annual cash prize drawings each time they increase their balance by $25 – up to 4 entries per month. The first drawing will be held in February. The appeal of the program is that there is no loser and no risk – the real benefit to members is savings.

News outlets all over the state are reporting on the innovative program – available only at MnCUN affiliated Minnesota Credit Unions. Recent media, including print, radio and TV coverage, is highlighted on the WINcentive Press Page.

For more information about how your credit union can offer WINcentive™ Savings, visit our website or contact Ryan Smith by email or by phone (651)288-5533 or (800)477-1034.


Credit unions renew and join MnCUN  

Thank you to the first 10 credit unions to affiliate with the Minnesota Credit Union Network and CUNA for 2016!  

  1. Minnesota Catholic Credit Union 
  2. AE Goetze Employees Credit Union 
  3. Star Choice Credit Union 
  4. Agassiz Federal Credit Union 
  5. Anoka Hennepin Credit Union 
  6. Soo Select Credit Union 
  7. Connexus Credit Union  
  8. CITIES Credit Union 
  9. SouthPoint Federal Credit Union 
  10. TruStone Financial Federal Credit Union 

MnCUN would like to welcome new member TruStone Financial Federal Credit Union. “As nationwide credit union membership tops 100 million consumers, it’s important for credit unions to work together,” said TruStone Financial board chair Tom Alagna. TruStone Financial chief executive officer Tim Bosiacki touted the MNCUN’s variety of educational opportunities and growth initiatives as a key driver behind the decision to join.  

Dues packets were mailed to all credit unions in mid-December, with a deadline of January 31. An investment in the Network is an investment in your credit union – to create a positive legislative environment, to ease your regulatory burden, and to increase market awareness so your credit union can thrive. We value your continued trust in us. With questions about your membership with the Network, please contact Mark Cummins or John Wendland.  


Nominations now open for Annual Award Programs 

MnCUN is now accepting nominations for three of its most prestigious awards! Now is your chance to nominate a colleague for the Outstanding Professional of the Year, Outstanding Volunteer of the Year, or the Simon Hellermann Award. 

  • Outstanding Professional of the Year recognizes the notable service of one outstanding credit union professional who has selflessly given time, effort and talent to the support and promotion of the credit union mission and who has gone above and beyond to improve the credit union culture in Minnesota. 

  • Outstanding Volunteer of the Year is given to one extraordinary credit union volunteer who best exemplifies the credit union spirit through dedication to, and belief in, the credit union movement. Grounds for nomination include involvement in the credit union movement at local and state levels and participation in other activities that support the credit union mission. 

  • The Simon Hellermann Award recognizedemonstrated excellence in credit union philanthropy and contributions to the credit union movement in Minnesota. This award – established in 1999 as a tribute to Minnesota credit union philanthropist Simon Hellermann  recognizes an outstanding contribution to a humanitarian cause and also promotes credit union philanthropy, service and loyalty. Individuals, credit unions, chapters and affinity groups are eligible to receive this award.   

The winners of these awards are recognized during the Minnesota Credit Union Network Annual Meeting & Convention, which takes place March 31 – April 1, at Radisson Blu Mall of America, Bloomington. Nominations for all three awards must be received by the Network by Friday, Feb. 5, 2016. Complete information and online nomination forms can be found on the 2016 Professional & Volunteer of Year Awards page of the Network website. Please note that only nominations completed using the online forms will be accepted. 


With questions about these awards programs, contact MnCUN Director of Communications Andrea Molnau by email or at (651) 288-5527.


Minnesota Credit Union Professionals Appointed to National Committees 

The following Minnesota credit union professionals have been appointed to 2016 CUNA Committees:  

  • Chuck Albrecht, MidMinnesota – CU Powers Subcommittee 
  • Mark Cummins, MnCUN – Advocacy Committee 
  • Pat Pierce, City & County – Advocacy Committee 
  • Bill Raker, US Federal – Examination & Supervision Subcommittee 
  • Frank Weidner, WINGS – Creating Awareness Advisory Group 
  • Laura Whittet, MnCUN – Young Professionals Committee 

We are proud of the national leadership provided by our local colleagues. Congratulations! 


2016 webinar schedule available

The Minnesota Credit Union Network is dedicated to providing credit unions the training and resources they need to grow and thrive in today’s financial environment. Through live and on demand webinars, the Network provides information and training on a wide variety of topics. 

A full list of available webinars is available on the MnCUN Event Calendar.

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




There is still time to contact NCUA, legislators in support of Field of Membership changes

View all Governmental Affairs news stories


New FAST Act regulatory relief, annual privacy notice exception 

NCUA holds last meeting of 2015, releases final rule on IOLTA, “other escrow” accounts 

Treasury, IRS extend due date for employer ACA reporting 

2016 HMDA Data Entry Software released 

CFPB announces HMDA, TILA adjustments for 2016 

Federal Reserve issues rate adjustment 


View all Regulatory Compliance news stories

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