The Pulse (03-07-2017)

Volume 6, Issue 10

The Pulse Archive

Minnesota Credit Unions Meet with Legislators, Honored for Achievements at CUNA GAC

 L to R: Chuck Albrecht, Mark Cummins, Kent Greff
Representatives from Minnesota credit
unions with Senator Al Franken

Last week, 100 Minnesota credit union representatives joined 5,000 attendees at the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington D.C. for education sessions, recognition, and legislative meetings.


Following a legislative briefing luncheon featuring Congressman Tom Emmer’s Chief of Staff and David FitzSimmons, credit union staff and volunteers sat down with U.S. Senate and House or Representative Members. Meetings focused on common sense regulatory reform, preserving the credit union tax status, protecting credit union members from merchant data breaches, and removing barriers to member service.


During the GAC, Minnesota credit unions were honored with industry recognition including two inductees to the National Hall of Leaders and five honored five national community service and financial literacy awards.


The following recognition was received by Minnesota credit unions at the 2017 GAC:


National Hall of Leaders

Two long-serving Minnesota credit union presidents were inducted into the Credit Union House Hall of Leaders in Washington, D.C., last week in recognition of their dedication to upholding the credit union mission. This honor is given to those whose commitment has made a significant impact on the credit union movement at the local, state and national levels.


Charles (Chuck) D. Albrecht – Mid Minnesota Federal Credit Union

Active in the financial industry for over 30 years, Albrecht has been President/CEO at Mid-Minnesota Federal Credit Union since 2003, and is a CUES Certified Chief Executive (CCE). Albrecht has served in numerous capacities on the Minnesota Credit Union Network Board of Directors since 2006, including holding positions of Secretary/Treasurer, Vice Chair, and Board Chair. He is a former member of the Minnesota Credit Union Foundation Board of Directors as well. A true advocate, Albrecht has volunteered for the Minnesota Credit Union Network Political Involvement Committee (PIC) since 2010, and served as Chair for that committee from 2011-2013. He is a frequent participant in Hike the Hill events, MnCUN’s Credit Union Day at the Capital, and CUNA’s Governmental Affairs Conference. Albrecht inspires others in the credit union movement through his leadership, service, and advocacy.


Kent Greff – Mill City Credit Union

 Kent Greff has been a leader in the credit union movement for over 38 years. He was Chief Executive Officer at Mayo Employees Credit Union in Rochester, MN from 1989 to 2000; and is currently President and CEO of Mill City Credit Union, formerly General Mills Federal Credit Union. Greff served on the Minnesota Credit Union Network Board of Directors from 1993-2007, and held both Treasurer and Board Chair positions during his tenure. In addition, he has served on the Network’s committees including the Political Involvement Committee and the Audit Committee. Greff’s leadership earned him a “Distinguished Leadership Award” in 1994; and he has been honored with the Minnesota Credit Union Network Professional of the Year award twice - both in 1998 and 2000. Greff has made strong impact by his involvement and commitment to advocating for credit unions locally, nationally, and internationally.


Dora Maxwell Social Responsibility Awards and Desjardins Financial Education Awards

The Credit Union National Association (CUNA) honored five Minnesota credit unions through the Dora Maxwell Social Responsibility Awards and Desjardins Financial Education Awards programs. These awards recognize credit union excellence in community service and financial literacy initiatives.


Award entries from SPIRE Credit Union ( Falcon Heights), North Star Credit Union (Cook), Ideal Credit Union (Woodbury), United Educators Credit Union (Apple Valley), and Firefly Credit Union (Burnsville) received recognition for placing in the national awards program.


“Minnesota’s credit unions continue to show their dedication to the movement and their members through strong participation in the Credit Union National Association Governmental Affairs Conference and industry political advocacy programs,” said MnCUN President & CEO Mark Cummins. “We at the Network, along with CUNA, urge credit unions supporters to continue to push for common sense regulation following the GAC by participating in the Common Sense Regulatory Campaign.”


With questions about the CUNA Governmental Affairs Conference, contact MnCUN Director of Political Advocacy Ryan Smith.





State Chartered Electronic Meeting Notification Legislation Passes Commerce Committees



February NCUA Report


NCUA to host upcoming webinar on electronic financial services


NCUA Issues Letters to Federal Credit Unions


17-FCU-02: Permissible Loan Interest Rate Ceiling Extended


DOL delays fiduciary rule eff. date to June 9


View all Regulatory Compliance news stories


MnCUN Vendor Involvement Program welcomes 35 participants in 2017

The Minnesota Credit Union Network (MnCUN) is pleased to welcomes 35 participants to its Vendor Involvement Program (V.I.P.) for 2017. Designed to optimize business relationships with Minnesota’s credit unions, V.I.P. combines advertising with exclusive benefits at MnCUN’s major conferences, as well as speaking engagements and opportunities to participate in new MnCUN initiatives.


Participants in MnCUN’s Vendor Involvement Program agree to offer professional service and quality product lines. These companies must appreciate the characteristics that make credit unions unique and understand the importance of providing the best service possible to Minnesota’s credit union members.


Participants include:




“Through the Vendor Involvement Program, we are able to assist credit unions in finding reliable organizations covering a broad range of needs,” said Network Service Corporation Vice President John Ferstl. “We have been pleased to see the V.I.P. program grow as a valuable resource to credit unions and vendors over the years. In 2017, we are proud to welcome the largest number of V.I.P. participants to date.”


A listing of service providers organized by the solution offered is available on the MnCUN Solutions Directory online. With questions about V.I.P. participants, or about joining the program, please contact MnCUN Director of Business Development Kris Jacobsen by email, or call the Network office at (651) 288-5170.

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

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