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|The Pulse 03-16-2017|
Volume 6, Issue 11.5
Mayo Employees Federal Credit Union (MEFCU) of Rochester, Minn. represents the first credit union to utilize the OnApproach M360 Enterprise service bureau and hosting services provided by the Minnesota Item Processing Corporation (MnIPC) and The Minnesota Credit Union Network (MnCUN), joining the collaborative Credit Union Data Integration and Analytics Platform.
“We are very excited to join in this collaborative credit union initiative,” stated Mary Hansen, President & CEO, Mayo Employees Federal Credit Union. “We have long considered the OnApproach platform and are excited at the advanced analytics it can bring to our credit union. We are especially proud to implement this innovative technology through the strong relationships we hold with MnIPC and the Minnesota Credit Union Network.”
“MnIPC is excited to work with Mayo Employees FCU to implement M360, as we diversify our company with technology services. The cooperative model makes it possible for credit unions of any size to perform advanced analytics without incurring the traditionally high costs. The credit union industry can take advantage of big data through collaboration, and a key step forward is the sharing of statistical data, which is made possible through OnApproach M360 Enterprise and MnPIC”, said John Ferstl, Vice President – Network Service Corporation, Minnesota Credit Union Network.
“MEFCU’s utilization of MnIPC’s hosting services signifies another major step for OnApproach and the M360 Ecosystem. Credit unions have a lot of information, but the reality is that over 95 percent of the industry lacks the volume of data and the resources to perform predictive analytics that can drive strategic decisions. As a value-added service provider to the M360 ecosystem, the Minnesota Credit Union Network and MnIPC create even more opportunities for credit unions to collaborate and make data-driven decisions”, according to Paul Ablack, CEO, OnApproach.
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.
MNCUN ANNUAL PERFORMANCE SURVEY NOW OPEN
Now is your opportunity to provide feedback to the Network staff and Board of Directors on the Network’s performance in the past year. A link to MnCUN’s Performance Survey was emailed last Friday to all credit union employees who are registered in our database, in an effort to obtain comprehensive feedback from those who regularly utilize our services. The survey will take just 10 minutes of your time, and all suggestions and comments are welcome. Please respond by Friday, March 31.
Thank you for taking the time to help us make the Network a dynamic and progressive organization, able to meet the needs of today’s credit unions around the state.
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.
The Annual Conference will be held Thursday, April 20 and Friday, April 21, at the Radisson Blu Mall of America in Bloomington. This meeting offers ideal networking and education opportunities for exhibitors and credit union professionals alike. Attended by more than 300 credit union CEOs, senior executives, staff and volunteers annually, this conference also offers the state's largest credit union exhibit hall.
Teresa joined Xceed Financial Credit Union, headquartered in El Segundo, CA, in September of 2006 as President and Chief Executive. Teresa oversees all aspects of the Credit Union’s operations and represents Xceed globally. With Financial Centers and sales offices in eight states, Xceed currently serves 70,000 members with nearly $1 billion in assets. She is a member of the Research Council for the Filene Research Institute, and a member of the Board of Directors and past chair of the California Credit Union League.
Teresa leads the Creating Awareness Advisory Group, a diverse cross-section of credit union leaders and marketing professionals from across the CUNA/League system. During the Annual Conference, she will present an update on this research-driven initiative that will help define the credit union category in financial services at the national level.
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.
Programs that received Financial Education Grants in 2016 include:
With questions, please contact the Minnesota Credit Union Foundation.
This month, members of the Foundation Scholarship Council shared their knowledge and expertise about credit unions with high school students at the Cooperative Network’s Co-ops YES! Youth Leadership Conference. The two-day conference, held March 6 and 7, offered attendees a variety of cooperative and leadership learning opportunities and focused on the theme: cooperatives build leadership.
FSC Chair Bridget Petersen of SPIRE Credit Union and Amanda Kissner of Wakota Federal Credit Union spoke on behalf of the council.
“Credit unions provide more than job opportunities,” said Petersen. “Credit unions provide careers with the chance to make a positive impact on your community.”
“Cooperative Network is committed to providing our future cooperative members and leaders with educational opportunities to learn about the cooperative business model, co-op membership benefits, career opportunities and personal leadership development,” says Ethan Giebel, Cooperative Network’s government and educational services director.
The FSC, formerly the Family Involvement Council, strives to build credit union brand awareness and strengthen member relationships through its scholarship program. The FSC annual scholarship program is made possible through its annual silent auction.