The Pulse 03-30-2017

Volume 6, Issue 13.5



MnCUN Board of Directors Election Ballots Due April 7, Results to be Announced at Annual Conference

Four seats on the Minnesota Credit Union Network Board of Directors are up for election in 2017.


  • Non-metro category (to fill the remaining 2 years of a three-year term);
  • Metro category (to fill a three-year term);
  • 2,001 – 10,000 members category (to fill a three-year term); and
  • Greater than 10,000 members category (to fill a three-year term).

The following candidacy declarations were received:


Non Metro Category:

  • Rick Odenthal, Central Minnesota Credit Union

Metro Category:

  • Dan Stoltz, SPIRE Credit Union

2,001 – 10,000 Members Category:

  • Randy Willert, Two Harbors Federal Credit Union

Greater than 10,000 Members Category:

  • Greg Worthen, Richfield Bloomington Credit Union
  • Tom Smith, TopLine Federal Credit Union
  • Dave Larson, Affinity Plus Federal Credit Union
  • Brian Sherrick, Ideal Credit Union
  • Dave Boden, Hiway Federal Credit Union

Ballots and candidate biographies were mailed to member credit unions on March 7. Ballots must be received by the election tellers, CliftonLarsonAllen, by 4:30 p.m. CDT on April 7, 2017. Results will be announced at the Network’s Annual Conference on April 20 at the Annual Business Meeting.


More information is available on the Board of Directors Election page of the MnCUN website.




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.




MnCUN Annual Conference Speaker Highlight: John Best

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.


John Best will speak on Thursday afternoon of Annual Conference. He is the founder and CEO of the financial technology firm Best Innovation Group (BIG), which focuses on industry-wide code sharing and API prototype development. He speaks regularly at industry events, hosts a weekly FinTech podcast and facilitates a highly interactive financial technology forum.


Best’s session, “Big Data and the Zombie Apocalypse,” will focus on leveraging big data analytics to keep your credit union competitive in an increasingly digital financial market.


Complete event details are available online in the Annual Convention section of the Network website. Register by the end of the day tomorrow, March 31, to receive early bird pricing.




Last Chance to Become a CU4Kids Mingle for Miracles Event Sponsor

Next month, the Minnesota Credit Unions for Kids committee will be holding their annual fundraiser at the Minnesota Credit Union Network Annual Conference. Scheduled for Thursday, April 20 at the Radisson Blu Mall of America, the Mingle for Miracles event provides a networking opportunity for credit union professionals, volunteers, and vendors as well as a chance to support Gillette Children’s Specialty Healthcare, which helps kids with disabilities and chronic conditions.


The Mingle for Miracles event will feature stakes-free casino gaming, prize drawings, and light appetizers. A cash bar will also be available. 


Participation is free and all funds are raised through event sponsorships. Cu4Kids asks that credit unions and vendors consider becoming a Mingle for Miracles sponsor and help Minnesota Credit Unions for Kids reach their goal of raising $200,000 for Gillette Children’s Specialty Healthcare in 2017.


Full details are available on the sponsorship form.



CIF investment supports financial education, Minnesota Credit Union Foundation

Credit unions can contribute to the Minnesota Credit Union Foundation (MnCUF) by investing in the National Credit Union Foundation's (Foundation's) Community Investment Fund (CIF). By investing in CIF, you help to expand the capacity of credit unions to serve members and communities, while earning a return for your credit union.


Credit unions investing in the CIF receive 50 percent of the dividend of their investment. The remaining 50 percent is distributed to the Foundation, half of which the Foundation returns, pro-rata, to the leagues or foundations of investment origin.


There are currently six partners that provide investment options for CIF. In addition to the Foundation’s general fund, there are four designated funds available to benefit specific programs for financial education, initiatives abroad, helping AACUC deliver on its promise, and support of the credit union Development Education (DE) training program.


For federal credit unions, a hybrid investment is also available in the form of a Charitable Donation Account (CDA) which permits expanded investment powers to fund charitable contributions.


For more information and investment options, see the National Credit Union Foundation’s CIF page.


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

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