The Pulse - October 2019





FProducts and solutions news


Our Unified Voice is Powerful – Join Us in Advancing the Credit Union Movement

The Minnesota Credit Union Network and CUNA are hard at work advocating on key issues, including a robust data security and privacy standard, defending the credit union tax status, and reducing regulatory burden.


Resources Available to Promote Health Savings Accounts During Open Enrollment

Open Enrollment for plans available on MNsure starts on November 1, and the Minnesota Credit Union Network reminds members of materials available to educate consumers and members about health savings accounts.


Join Credit Union Marketers for 2019 Awards Luncheon, Dec. 16

Winners of the 2019 Credit Union Marketing Awards will be honored at luncheon on Monday, December 16 at Indeed Brewing in Minneapolis. Register Online



Credit Unions in the News

Learn 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 Director of Communications Julia Miller.

Ransomware and Cloud Safety Among CUs' Top Cybersecurity Fears »

Duluth becomes the latest city to look to tiny houses to address affordable housing woes »

TopLine Credit Union Foundation Awards $13,500 In Scholarships »

TruStone Financial Shreds More Than 39 Tons of Documents for Neighbors in Minnesota and Wisconsin »

Stoltz Speaks to North St. Paul Junior Optimist Club »

Firefly Credit Union® Hires SVP/Chief Operations Officer »

Lisa Thompson Joins Mortgage Team at Ideal Credit Union »

Royal Credit Union Receives Grant to Study Financial Education Program in Correctional Facilities »


Grassroots Training Features Tools Available to Encourage Advocacy

Last Thursday, MnCUN, in partnership with staff from CUNA, hosted a grassroots advocacy training session for nearly 20 staff from Minnesota credit unions. FULL ARTICLE🔒

MnCUN, Hiway Federal Credit Union Welcome U.S. Senator Tina Smith 

MnCUN, in conjunction with CUNA’s Credit Union Legislative Action Council (CULAC) held a PAC check presentation/fundraiser for Senator Tina Smith last Friday. FULL ARTICLE🔒


Young Professionals: Join the Fall Crew P2P Session, Nov. 20

As the young professional program, the Crew provides emerging credit union leaders with development opportunities to support their growth in our industry. FULL ARTICLE


The Minnesota Credit Union Network Partners with CU Rise

To help credit unions best utilize their data, the Network Service Corporation has partnered with CU Rise to offer customized and actionable data analytics services in a highly cost-effective wayFULL ARTICLE



Governmental Affairs news 🔒






WINcentive® Celebrates $1,000 Quarterly Winners, New Ohio Program

A member of Robbinsdale-based North Memorial Federal Credit Union, Marcus S., recently won $1,000 in the WINcentive Savings Account program and shared his excitement with North Memorial Federal Credit Union CEO Dana Garrett.  FULL ARTICLE


Awareness Campaign Update Webinar Available Online

A recording of the October 11 webinar is now posted to the Minnesota Credit Union Network website along with the presentation slides.

Andrea Molnau and Blois Olson will share current results of the out of home and digital strategies for Minnesota Open Your Eyes to a Credit Union initiative and provide a sneak peek at plans for 2020.



MnCUN Works with Stakeholders on Unclaimed Property Statutes

This past Monday, Network staff participated in the most recent of a series of meetings to help update Minnesota’s unclaimed property statutes FULL ARTICLE 🔒


Minnesota Credit Unions Support Strong Legislative Representation Through Fair Share Goal

To increase the political prominence and influence of Minnesota credit unions, credit unions must have a strong and sustainable political fundraising program. FULL ARTICLE 🔒





Military Lending Act Card Fee Spreadsheet Updated

CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the third quarter of 2019. FULL ARTICLE🔒



Registration Ends for the Branch Operations P2P on Fri. Oct, 25

Join us for the fall Branch Operations P2P on Wednesday, October 30, for focused discussions around specialty account types, including minor and representative payee accounts, as well as credit union. FULL ARTICLE


MnCU Foundation Announces CUDE Scholarship Winner

The Minnesota Credit Union Foundation is pleased to announce this year’s winner of its CUDE scholarship program: Caitlin Barrineau Branch Manager at Anoka Hennepin Credit Union. FULL ARTICLE


OCT. 9, 2019

Gov. Tim Walz Proclaims Oct. 17 as Credit Union Day in Minnesota

In recognition of our positive impact in Minnesota and in celebration of International Credit Union Day, Governor Tim Walz has issued a proclamation declaring Thursday, October 17, Credit Union Day in the state of Minnesota. FULL ARTICLE


2019 CU FORWARD® Day Celebrated Across Minnesota

Credit unions and partner organizations dedicated Monday, Oct. 14 to volunteering in community service projects and spreading kindness as part of the third annual CU FORWARD® Day. FULL ARTICLE


October is GREAT Month: Help Grow Our Grassroots

Fresh off of CU FORWARD® Day and with International Credit Union Day this week, now is the time to remind members and credit union employees why being engaged in advocacy is important and help grow the number of GREAT members at your credit union.FULL ARTICLE





MnCUN Offers Grassroots Advocacy Training, Oct. 24

To enhance credit unions' advocacy efforts, MnCUN and CUNA will offer a grassroots advocacy training on Thursday, Oct. 24 at 9 a.m. in the Network's office in Saint Paul. FULL ARTICLE 🔒




PolicyAid Quarterly Update

On October 14, PolicyWorks updated the Real Estate Lending Policy, Expedited Funds Availability Policy and Appraisal and Evaluation Policy. FULL ARTICLE 🔒


Bureau Issues Extends Temporary HMDA Threshold

On October 10, the Consumer Financial Protection Bureau (Bureau) issued a final rule extending the temporary threshold of 500 open-end lines of credit until January 1, 2022. FULL ARTICLE 🔒



CECL Accounting & Finance P2P - October 29

As the state trade association for Minnesota’s credit unions, providing top-tier educational opportunities is one of the many ways in which the Minnesota Credit Union Network serves you. FULL ARTICLE


Women's Leadership Anniversary Event

All are welcome to attend the Women’s Leadership Network event on Nov. 21, from 2:00 - 5:00 p.m. at CHS Field, St. Paul, for an insightful conversation and to celebrate a successful 2019. FULL ARTICLE




Budget for MnCUN Consulting Services In 2020

Through the Minnesota Credit Union Network’s business development program and compliance and audit services credit unions can contract with highly-qualified professionals for cost efficient consulting services. FULL SERVICES



Honor a Colleague with a CU Builder Award

Created in 2008, the Credit Union Builder Award honors an individual’s dedication to the success, growth, and vitality of the not-for-profit financial movement in Minnesota. FULL ARTICLE

CU 4 Kids Bowl-o-Rama is One Week Away - Register Now!

Join the Minnesota Credit Unions for Kids (MnCU4Kids) committee for the Annual Bowl-O-Rama on Wednesday, Oct. 23. FULL ARTICLE


58 Credit Unions and Partners Participating in CU FORWARD Day

For the third annual statewide day of kindness, 4,000 representatives from Minnesota credit unions and partner organizations will participate in community service or give back projects for a total of over 20,000 volunteer hours on Monday, Oct. 14FULL ARTICLE


Minnesota Credit Union Marketing Awards Program Now Accepting Applications

The Minnesota Credit Union Network Marketing Awards acknowledges the outstanding programs credit unions have created to grow brand awareness and market to members and nonmembers alike. FULL ARTICLE


Join the Minnesota Awareness Campaign Update Webinar, Oct. 11

For those who missed Fall Conference, please join us on Friday, October 11th at 9:30 a.m. to hear an update on the Minnesota Open Your Eyes to a Credit Union initiative. FULL ARTICLE





MnCUN Hosts Meeting with DVS on MNLARS Replacement

Last week, MnCUN hosted representatives from several credit unions and staff from the Minnesota Department of Public Safety Driver and Vehicle Services (DVS) to discuss the replacement plans for the state’s troubled Minnesota License and Registration System (MNLARS). FULL ARTICLE 🔒




What Do Credit Unions Need To Know About Serving Marijuana-Related Businesses?

Please join the Minnesota Credit Union Network for a webinar covering issues for credit unions serving marijuana-related businesses Please join the Minnesota Credit Union Network for a webinar covering issues for credit unions serving marijuana-related businesses. FULL ARTICLE 🔒


Comments on HMDA Thresholds Due October 15

The Consumer Financial Protection Bureau (Bureau) proposes to increase the HMDA loan thresholds. The Bureau proposes increasing the reporting thresholds for closed-end mortgages to 50 or 100 loans (currently 25). FULL ARTICLE 🔒



MnCUN Announces 2020 Educational Menu

As the state trade association for Minnesota’s credit unions, providing top-tier educational opportunities is one of the many ways in which the Minnesota Credit Union Network serves youFULL ARTICLE


Data & Analytics P2P: The Data Driven Credit Union

During our fall Data & Analytics P2P session, we will be focusing on what specific credit unions in Minnesota have done - both in terms of implementing business intelligence practices as well as understanding their data. FULL ARTICLE



Minnesota Credit Union Foundation Announces Financial Education Grant Recipients

The Minnesota Credit Union Foundation (MnCUF) recently awarded six financial education grants to assist Minnesota credit unions with implementing financial education projects. FULL ARTICLE

GAC Scholarship Opportunities Still Available

The Minnesota Credit Union Foundation is pleased to share it still has funds available to award scholarships for CUNA’s 2020 Governmental Affairs ConferenceFULL ARTICLE

Welcome to the Updated Pulse!

The Minnesota Credit Union Network is excited to debut a new format for the Pulse, the weekly e-newsletter keeps credit union professionals and volunteers updated on current news and information. FULL ARTICLE


Consumer Poll Offers Insight into Open Your Eyes Advertising Impact

An independent report by Frederick Polls LLC, shows early, positive impact of the Open Your Eyes advertising on consumer opinions. FULL ARTICLE


Website Promoting Health Savings Accounts is Now Live

The Minnesota Credit Union Network is excited to announce that, a website to help connect consumers with credit unions that offer health savings accounts (HSAs), is now up and running. FULL ARTICLE



Filene Announces the New 2019 Filene i3 Class

Twenty-three credit union leaders have been accepted to the 2019 Filene i3 program. FULL ARTICLE


48 Credit Union Leaders Graduate from Foundation’s DE Program

Forty-eight credit union leaders were designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s (the Foundation) Credit Union Development Education (DE) Training. FULL ARTICLE



Minn. Advocates Discuss Credit Union Issues With Federal Legislators And Regulators

Last week, twenty staff and volunteers from seven credit unions from across Minnesota travelled to Washington D.C. to take part in the Network’s annual Hike the Hill. FULL ARTICLE 🔒



October is GREAT Month

Now is the time to remind members and credit union employees why being engaged in advocacy is essential to protecting our industry, and help grow the number of GREAT members at your credit union.FULL ARTICLE 🔒


Attend the Marketing P2P Featuring Crisis Communications: Oct. 8

As part of overall emergency and crisis preparedness, the Minnesota Credit Union Network is providing this educational session for member credit unions as a training for how to communicate to your various stakeholders during a crisis. FULL ARTICLE


The Cooperative Trust Opens Applications for Crash the GAC and New Opportunities for 2020

Applications are now open for the annual “Crash the GAC” at CUNA’s 2020 Governmental Affairs Conference. FULL ARTICLE




 Support MnCU4Kids Bowl-O-Rama: Wednesday, October 23

Your favorite bowling fundraiser is just weeks away! FULL ARTICLE

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(800) 477-1034