The Pulse 02-23-2017

Volume 6, Issue 8.5



Board Governance Bylaw Amendment Proposed; Membership Vote at Annual Business Meeting

Last week, the MnCUN Board of Directors approved a resolution to seek membership approval to change the Network Board structure. Currently the Board consists of nine seats based on various geographic locations and membership sizes.  The proposal retains nine board seats.  As proposed, four of those seats would specifically be for credit unions with less than 10,000 members, and the remaining five seats would be designated “at large” and available to all member credit unions.  

The official notice, along with voting instructions, to be sent all credit unions by both email and regular mail tomorrow. The vote will take place in person at this year’s Annual Meeting of the Membership. More information, including FAQs and the Proposed Board Governance Bylaw Resolution, are available on the online 2017 Bylaw Amendment Proposal page.

Please contact John Wendland, Vice President & General Counsel, with any questions about the proposal.



Award, PIC, and Reg. Review Committee Opportunities

Are you looking for a professional development opportunity, or a way to get more involved in with the Network? Network Committees will be appointed after the MnCUN Annual Meeting and we are looking for interested members. There are several opportunities to get involved by serving on one of the following Board Committees:


The Network Awards Committee facilitates statewide and national awards programs and judges other states’ award program entries. On the national level, the committee coordinates Minnesota’s entries for CUNA’s Dora Maxwell and Louise Herring Awards and the Desjardins Award for Financial Education. On the state level, the committee recognizes individuals through the Professional and Volunteer of the Year Awards. Network Staff Liaison: Andrea Molnau


The Network Political Involvement Committee (PIC) provides input and recommendations on legislative efforts at the state and federal level. Policy suggestions and regulatory roadblocks are brought to the attention of PIC to collectively formulate the Network’s positions on legislation. PIC is also responsible for political fundraising, and oversees the distribution of political contributions made to credit union-friendly candidates. Network Staff Liaison: Ryan Smith


The Network Regulatory Review Committee provides input and recommendations on proposed rules from various federal agencies that have the potential to impact credit unions. The committee meets regularly to review proposed rules that are out for comment and determines whether or not a response is necessary. Network Staff Liaison: John Wendland


Committee members serve for one year – from their appointment through the following year’s Annual Meeting. Please express your interest by completing a short application form. Applications will be accepted through March 31, 2017. The Network Board Chair will appoint Committee members following the Annual Meeting in April.


Any questions can be directed to the Network Staff Liaison listed for each committee. 




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.




2017 OnApproach AXFI Conference – Registration Open

The Analytics and Financial Innovation (AXFI) Conference is the premier educational event for credit union and community bank professionals serious about analytics and financial innovation. This annual event brings together hundreds of professionals, industry experts and leading researchers in the field of analytics and financial innovation.


The 2017 AXFI Conference will be held Sunday, June 11 through Wednesday, June 14 at the Hyatt Regency Bloomington-Minneapolis. More information, including a conference agenda and speaker listing can be found online.


The Minnesota Item Processing Corporation (MnIPC), a wholly-owned subsidiary of the Minnesota Credit Union Network offers OnApproach solutions to clients in both hosted and service-bureau environments. For more information, contact MnCUN Director of Business Development Kris Jacobsen by email or by phone at (651) 288-5515 or toll free at (800) 477-1034.



Apply for Spring Financial Education Grants

The Minnesota Credit Union Foundation is offering $12,500 in grants to assist Minnesota credit unions in implementing financial education projects. Applications are evaluated on factors such as credit union value, community impact, collaboration and creativity. Applications are being accepted through March 24.


Examples of financial education projects/initiatives include:


  • establishing an in-school branch
  • hosting seminars on credit, debt, budgeting, etc., for members of the community
  • teaching financial literacy classes in local schools
  • partnering with a community organization to teach personal finance skills
  • coordinating retirement or estate planning workshops
  • supplying local schools with financial education curriculum


Grant guidelines and restrictions:


  • Products/services that exclusively benefit a credit union’s membership are not eligible for funding.
  • Grants may not be used for salaries, pass-through funding, or incentive payments.
  • Minnesota credit unions may partner with non-credit union organizations for grant funding, so long as the project demonstrates a positive impact on a credit union’s community.
  • Repeated requests from previous grant recipients will be permitted, however, new project grant applicants will receive priority.


With questions, please contact the Minnesota Credit Union Foundation.

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

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