Small Credit Union Resources
The cooperative nature of the movement enables credit unions to provide quality service to members regardless of their size. These resources serve as tools for growth and provide information on topics important to small credit unions.
GRANTS & EDUCATION DISCOUNTS
Credit unions that meet specific criteria can apply for expedited reimbursement of professional development opportunities through the Small Credit Union Grant Program. Expedited approval will be granted based on the following criteria:
- The request is for $500 or less;
- The credit union has less than $35 million in assets as of Dec. 31 of the previous calendar year;
- The credit union has less than $35,000 in net income for the previous calendar year; and
- The professional development opportunity is on a topic(s) that pertains to the attendee’s position as a credit union professional or volunteer
A maximum of $500/credit union is available through the Small Credit Union Grant Program on an annual basis. All small credit unions are encouraged to apply for this grant, as well as grants for larger dollar amounts under our general Professional Development Grant program which undergo regular review and approval through the Foundation Board during its scheduled meetings.
To apply for Small Credit Union Grant Program funding, send an email with your name, credit union, the name and description of the event you’re attending, and proof of registration to the Minnesota Credit Union Foundation.
MNCUN STAFF RESOURCES
MnCUN Director of Business Development routinely works with small credit unions, offering guidance and assistance on a variety of issues. Often, working with credit unions to:
- Review operational and management policies;
- Analyze new service benefits;
- Assist with potential mergers and field of membership expansions; and
- Assess a credit union’s financial and operational situation.
The Director of Business Development also facilitates credit union planning sessions at a reasonable price. These planning sessions typically include credit union board members, credit and supervisory committees, management and staff. During the session, the Director of Business Development works with these leaders to find a balance between today’s members’ needs and tomorrow’s opportunities and challenges.
Many of the services and consultation provided are offered free of charge to credit unions that are affiliated with the Minnesota Credit Union Network. We are here to serve you so take advantage of the information and services we provide. For additional information, see the planning sessions page of the Network website.
LINKS FOR SMALL CREDIT UNIONS
CUNA’s Resources for Smaller Credit Unions: Provides resources on a variety of topics including regulations & advocacy, statistics, and discounts for small credit unions