The Pulse (04-05-16)

Volume 5, Issue 13

The Pulse Archive

Minnesota Credit Union Network Elects Table Officers 

Last week, the Minnesota Credit Union Network Board of Directors elected its table officers.


The following individuals were elected as table officers for 2016:

  • Chairwoman Kelly McDonough of First Alliance Credit Union in Rochester;
  • Vice Chairman Dan Stoltz of SPIRE Credit Union in Falcon Heights;
  • Secretary/Treasurer Karen Fleming of HBI Employees Credit Union in St. Paul..

A full listing of Minnesota Credit Union Network Board members can be found on the MnCUN website


Credit Union Champions Honored 

MnCUN President & CEO Mark Cummins
Dave Boden, Hiway Federal
Credit Union President
MnCUN Board Chairman Chuck Albrecht


Keith Hauge, Board Chairman of
Ideal Credit Union

Kelly McDonough, First Alliance
Credit Union 

The Minnesota Credit Union Network (MnCUN) presented its most prestigious awards – The Simon Hellermann Award for Excellence in Philanthropy, Outstanding Credit Union Volunteer of the Year, and Outstanding Credit Union Professional of the Year – at a ceremony held during the MnCUN 2016 Annual Meeting & Convention on April 1. These awards are given to those who have demonstrated excellence and leadership, and who also embody the credit union mission.

The Simon Hellermann Award, last awarded in 2006, recognizes demonstrated excellence in credit union philanthropy and contributions to the credit union movement in Minnesota. The award was established in 1999 as a tribute to Minnesota credit union philanthropist Simon Hellermann, and honors those outstanding contributions by an individual, credit union, or group to a humanitarian cause. This year, the Minnesota Credit Union Network’s honoree for the Simon Hellermann Award is Hiway Federal Credit Union, for their longstanding commitment and contributions to Credit Unions for Kids and Gillette Children’s Hospital. Hiway Federal Credit Union has supported Minnesota’s Credit Union for Kids chapter since its inception, and was recently recognized for raising over $410,000 since 1997.

The Volunteer of the Year Award is given to a credit union volunteer who best represents the credit union spirit through dedication to, and belief in, the credit union movement. Recipients are chosen based on their involvement with credit unions at the local and state levels, along with participation in activities that better their communities. This year’s Outstanding Credit Union Volunteer of the Year Award honor is awarded to Keith Hauge, Board Chairman of Ideal Credit Union. Hauge has been a volunteer with Ideal for 35 years.


The 2016 Outstanding Professional of the Year Award is given to a remarkable person who truly stands behind the “people helping people” credit union philosophy. This year, the Minnesota Credit Union Network’s honoree for Outstanding Credit Union Professional of the Year Award goes to Kelly McDonough, President of First Alliance Credit Union. McDonough has served as President of First Alliance Credit Union in Rochester for the last 13 years, and is a true advocate for the credit union industry.

“The Minnesota Credit Union Network is pleased to honor Hiway Federal Credit Union, Keith Hauge, and Kelly McDonough for their tremendous contributions to their credit unions and the credit union movement,” said Mark Cummins, MnCUN President & CEO. “Their dedication is inspiring, and the Network is proud to have people like them working on behalf of all credit unions. I congratulate them on receiving these well-deserved awards.”

Video tributes to each of the award winners are available on the Network’s website.



Minnesota’s Credit Unions advocate for their members


View all Governmental Affairs news stories


Submission of Credit Card Agreements under TILA to CFPB – Due by May 2

NCUA issues Regulatory Alerts

Regulatory Alert 16-RA-04: Guidance on Regulatory Changes Affecting Military Members

NCUA issues Legal Opinion Letters

Legal Opinion 2015-1124: FCUs can serve as custodians for FDIC-insured Accounts

Upcoming Regulatory Compliance Effective Dates



View all Regulatory Compliance news stories



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To learn more about TMG and the products and services it has to offer your credit union and its members, contact MnCUN Director of Business Development, Kris Jacobsen by email or at (651)288 - 5515.

Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034