The Pulse (03-13-13)

The Pulse (03-13-13)

March 13, 2013    ●    Volume 02, Issue 10


The Pulse Archive

Credit Union News

NCUA Chairman Matz congratulates Minn. credit unions on economic success

NCUA Chairman Debbie Matz offers candid insight to a group of more than 50 credit union representatives during an open forum event March 8 at the MnCUN office. 

More than 50 credit union representatives from around the state traveled to the Minnesota Credit Union Network (MnCUN) in St. Paul on March 8 for an open forum meeting with National Credit Union Administration (NCUA) Chairman Debbie Matz.

Attendees spoke candidly with the Chairman about specific regulatory concerns and commented on the credit union exam process. In her opening remarks, Chairman Matz discussed the current credit union environment and recent successes across the industry, which are reflected in year-end 2012 data. These positive trends are mirrored and, in many cases, eclipsed in Minnesota.

"It's been a difficult couple of years, but credit unions have really turned the corner,” Chairman Matz said, noting substantial improvement in all critical areas of credit union measurement. "Thank you for doing such a good job and for working so hard.”

The Chairman expressed concern over the widening disparity between large and small credit unions – those with more than $250 million in assets and those with less than $10 million – and the struggles that smaller institutions face. She articulated the need to find ways to keep small credit unions alive and thriving, noting the availability of training resources through the NCUA's Office of Small Credit Union Initiatives.

Chairman Matz also spoke of changes in staffing at the NCUA and a reinvigoration of the agency's workforce. As credit unions become more complex, she said the NCUA is cognizant of the need to "keep up with the times” and stay ahead of the curve, hiring specific expertise in areas such as technology and commercial lending.

Credit union representatives specifically addressed concerns about NCUA letters to credit unions, interest rate risk, member business loan waivers, and the low-income designation.

MnCUN President & CEO Mark Cummins expressed appreciation to the Chairman for providing Minnesota credit unions the opportunity to meet with her in an intimate setting.

"It is an honor to have Chairman Matz here in Minnesota,” MnCUN President & CEO Mark Cummins said. "We appreciate the NCUA's willingness to have an open discussion with credit unions in our state, and especially for the Chairman's strong emphasis on open communication, her common sense approach, and her commitment to strengthening the industry.”

Apply now: $7,500 in financial education grants available from MnCUF

The Minnesota Credit Union Foundation – with the mission of providing resources for credit unions and communities to prosper and thrive – has a strong commitment to financial education. On Monday, the Foundation announced that it has $7,500 in grants available to assist Minnesota credit unions in implementing financial education projects.

Applications are currently being accepted, through Friday, April 5.

This is the Foundation's first financial education grant offering, which the organization hopes to repeat again in the fall. Applications will be evaluated on a variety of factors, including credit union value, community impact, collaboration and creativity. Projects/initiatives must have measurable outcomes and submit a written follow-up report within 30 days of the project completion.

For additional information and application forms, visit the financial education grants page of the Foundation website. With questions, email MnCUF Staff Liaison Kristina Wright or call (651) 288-5507.

Credit unions, build your lending programs with MnCUN's Lending Conference

Credit unions were strong and reliable lenders throughout the Great Recession. Even when other financial institutions reduced lending activities, credit unions stood ready to lend money to consumers and community businesses.

Now to help credit unions expand their loan portfolios, the Minnesota Credit Union Network is offering a Lending Conference on April 25-26 that will provide the tools to bring lending practices to a new level! Day one of this two-day training program is geared toward loan officers and frontline staff. Day two offers CEOs, lending managers and aspiring lending managers advice that will improve their department's overall lending and sales results.

As part of this conference, the Network is also hosting a special Crew Night event for its young professionals group, The Crew, on April 25 after sessions end for the day. The Crew Night networking event is free for conference attendees, and non-attendees may join for a small fee. For more information and to register for this conference, visit the Lending Conference page of the Network website.

Choose when and what you want to learn with Webinars On Demand

Understanding the time and cost constraints facing credit unions, the Network is offering a number of learning opportunities through its Webinars On Demand. These sessions are distributed via web link and enable credit union professionals and volunteers to learn valuable information at a time that's convenient for them.

Last month, a number of Webinars On Demand became available, including ones focused on the SAFE Act, financial literacy, exams, the Credit Card Act and more.The new sessions include:

  • ACH Death Notification Entries & Reclamations
  • Advanced Collection Techniques That Reduce Delinquency & Loss
  • Borrowers Using Personal Tax Returns, Part 2
  • CFPB Guidance on Handling Consumer Complaints & Inquiries
  • Dissecting Reg CC: Holds, Substitute Checks & Check Clearing
  • Facebook 101: Policies, Risk Assessment & Next Steps
  • Guidelines for OREO
  • New BSA Officer Training
  • Tax Refunds: ACH Exceptions, Posting & Credit Union Liability

In addition to being convenient, Webinars On Demand enable credit unions to train multiple people for the price of one live webinar. For more information and to purchase a webinar, visit the Webinars On Demand page of the Network website.


Federal legislators show their support for credit unions
Be an engaged advocate. Be GREAT!

Credit rating changes go into effect June 11
Fed to leave interchange cap rule untouched for 2013

CO-OP Shared Branching celebrates 5,000 locations
Emergent Networks hosts event to help CUs achieve service excellence

CUNA Mutual Group unveils app that helps find a car, apply for a loan



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

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