News & Press: Minnesota Credit Union Network News

Northwest CU Assn., Idaho League In One Agreement; Minnesota, New York Leagues In Another

Tuesday, August 9, 2016  
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CU Today (August 9, 2016) - The Northwest Credit Union Association and the Idaho Credit Union League said they have entered into a three-year partnership to hold simultaneous annual membership meetings while jointly hosting their annual meeting, which is called MAXX Convention.


The collaboration begins in October, 2017.


“The underlining theme of MAXX celebrates cooperative credit unions and their ability to realize the possibilities. We encourage the credit union leaders in Oregon, Washington, and Idaho to begin planning now to come together at MAXX 2017,” said Troy Stang, NWCUA president and CEO, in a statement. “This partnership will bring some of the nation’s most innovative credit unions under one roof to accelerate and celebrate the value and impact they deliver to their 5.9 million members and the communities they serve.”


In addition to high-level content on the main stages, the organizations said the MAXX Conventions will showcase the best of the two leagues’ heritage events including the NWCUA’s annual dinner and auction benefitting Credit Unions for Kids, and the ICUL’s Annual Golf Tournament. NWCUA’s high-energy “Advocacy to the MAXX” luncheon will spotlight the combined successes of credit unions in Washington, Oregon, and Idaho.


“Collaboration is the cornerstone of the credit union movement,” added Kathy Thomson, ICUL president and CEO. “This partnership ensures MAXX convention attendees can expect best-in-class content, powerful speakers, a preeminent Strategic Link Trade Show, networking, a celebration of traditions and experience opportunities for the future.”


The MAXX Convention will be held Oct. 23-26, 2017, in Spokane, Wash.


lucky savers

Meanwhile, in a separate announcement, the Minnesota Credit Union Network and the New York Credit Union Association said they are partnering to offer New York’s prize-linked savings product, Lucky Savers. Effective Oct. 1, MnCUN will provide the technological backing needed to administer Lucky Savers.


MnCUN utilizes the Minnesota Item Processing Corporation (MnIPC), its wholly owned, for-profit subsidiary, to run proprietary software and administer the technology needs for its own prize-linked savings program, WINcentive Savings. With the new agreement, MnIPC will provide that same technology management for New York’s Lucky Savers program, including prize drawing administration, reporting, and technical support for NYCUA’s participating member credit unions, the two leagues said.


“MnCUN and MnIPC are pleased with the success we have seen with WINcentive Savings in Minnesota, and are excited to support another credit union association in administering their own state specific prize-linked savings program,” said John Ferstl, vice president of the Network Service Corp., in a released statement. “We see this partnership with New York as a great opportunity to create greater efficiencies for all credit unions participating.”


“The New York Credit Union Association is excited to partner with the Minnesota Credit Union Network on this incredibly successful program,” said NYCUA Management Consultant Chris Pajak, who oversees Lucky Savers. “We created Lucky Savers with the goal of helping financially vulnerable New Yorkers develop sound saving habits, and it’s safe to say it has exceeded—and continues to exceed—our expectations. Our partnership with MnCUN will provide New York’s credit unions with the important resources they need to continue offering this critical program.”

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