Volume 6, Issue 11
Credit Union Data requested for Awareness Campaign
Development of the statewide public awareness and reputation campaign is in full swing. The campaign will include a series of online digital ads that drive Millennials and other consumers to a microsite to learn more about the credit union difference.
The microsite will include a searchable database of Minnesota credit unions. In addition to a listing of branch locations, the database will provide field of membership information and the ability to refine search results by product and service features.
All member credit unions were sent an email last week requesting data for the microsite. Please respond by Friday, March 17. If your credit union did not receive the request, or you have any questions in regards to filling out the spreadsheet, please contact Andrea Molnau by email or phone at 651-288-5527.
Governance Structure Bylaw Amendment Notice Mailed
Notices were recently sent by email and mail regarding proposed amendments to the Minnesota Credit Union Network bylaws. The proposed bylaw amendment vote by the membership will take place during the New Business portion of the Annual Business Meeting on Thursday, April 20.
The proposed changes are in regards to 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; 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. Reducing the number of categories of board seats allows credit unions an increased opportunity to run for a board seat and widens the pool of potential candidates.
Voting on the amendments must take place in person, and member credit unions must designate a voting representative. The proposed bylaw amendments and a voter representative form are available on the 2017 Bylaw Amendment page of our website.
All members are invited to attend the Business Meeting portion of the Annual Meeting free of charge, however, we do ask that you register by Thursday, April 6. This is an option in the Conference registration section on the website.
Please contact John Wendland, Vice President & General Counsel, with any questions about the proposal or the voting process.
Campaign for Common-Sense Regulation Resources Available
NCUA Updates Online Stabilization Fund Q&A Resource
CFPB Proposes 6-Month Delay to Prepaid Account Rule
View all Regulatory Compliance news stories
CUNA Mutual Group Named a 2017 World’s Most Ethical Company
CUNA Mutual Group has been recognized as a 2017 World’s Most Ethical Company® by the Ethisphere® Institute, a global leader in defining and advancing the standards of ethical business practices.
This year marks the 11th anniversary of Ethisphere and the World’s Most Ethical Companies designation. The honor is bestowed upon companies that influence and drive positive change in society, consider and understand how their actions impact key stakeholders, including their employees, customers, and investors, and make decisions based on their values every day.
CUNA Mutual Group has now received this honor four times in the past five years, and is one of only seven recipients in the financial services industry, underscoring the company’s commitment to leading ethical business standards and practices.
“As part of the credit union movement, we believe in people helping people and doing business with integrity,” said Robert N. Trunzo, president and CEO, CUNA Mutual Group. “Adopting agile principles has allowed us to put consumer needs at the forefront of our decisions and empower our teams to make decisions that drive value for our customers. We’re delivering insurance and investment solutions faster and smarter to help credit unions thrive and consumers build financial security for their families.”
Through in-depth research and analysis, Ethisphere recognized 124 companies from 19 countries and 52 industries as 2017 World’s Most Ethical Companies.
Timothy Erblich, CEO, Ethisphere added, “We’ve seen constant shifts in the geo-political climate, laws and regulations, and societal expectations. The World’s Most Ethical Companies respond swiftly to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long-term sustainable business practices. Congratulations to everyone at CUNA Mutual Group for being recognized as a World’s Most Ethical Company.”
The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework, which offers a quantitative assessment of a company’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance program (35 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent), and are provided to all companies that participate in the process.
The full list of the 2017 World's Most Ethical Companies can be found online.
Best practices and insights from the 2017 honorees will be released in a series of infographics and research throughout the year (view or download the 2016 insights). Organizations interested in how they compare to the World’s Most Ethical Companies are invited to participate in the Ethics Quotient.
CUNA Mutual Group is a strategic partner of the Minnesota Credit Union Network. For more information about CUNA Mutual Group, contact MnCUN Vice President – Network Service Corporation John Ferstl by email or at (651) 288-5505.