The Pulse (04-29-15)



The Pulse (04-29-2015)

April 29, 2015 ● Volume 04, Issue 17


The Pulse Archive

Credit Union News


Minn. Commerce & Higher Education Commissioner visits feature credit unions’ commitment to financial education

Minnesota Department of Commerce Deputy Commissioner Shane Deal joined the Minnesota Credit Union Network (MnCUN) and Mid Minnesota Federal Credit Union at an April 21 “Your Money, Your Goals” training session at Bridges of Hope, a non-profit organization that serves Crow Wing County and surrounding communities.

“Your Money, Your Goals” is a toolkit developed by the Consumer Financial Protection Bureau (CFPB) that credit unions use to help their members set goals, choose financial products and build skills in managing money, credit, and debt. Credit unions also use “Your Money, Your Goals” to train non-profit groups, such as Bridges of Hope, that serve low-income consumers.

Deputy Commissioner Deal’s visit to Bridges of Hope highlighted the partnership between the Minnesota Department of Commerce and credit unions to provide financial education resources to consumers throughout the state.

Deal recognized Mid Minnesota Federal Credit Union’s successful training efforts. “Personal finances can be a tough topic for families to discuss,” said Deputy Commissioner Deal. “The training Mid Minnesota provides to nonprofits like Bridges of Hope helps start the conversation and gives Minnesotans of all ages a stronger foundation of financial skills.”

Later in the day, Deal joined Minnesota Department of Higher Education Commissioner Larry Pogemiller and MnCUN to visit Collegeville Community Credit Union’s Sexton Commons branch on the campus of Saint John’s University.

Collegeville Community Credit Union opened the Sexton Commons branch – the first student-run branch on a university campus in Minnesota – with support from a grant received from the Minnesota Credit Union Foundation. The visit by Deal and Pogemiller showcased the partnership between Collegeville Community Credit Union and the faculty, staff and students at Saint John’s University to provide financial education resources.

“Financial education is a lifelong learning experience,” said Commissioner Pogemiller. “Collegeville Community Credit Union’s student-run branch provides students with opportunities to share the financial knowledge they gain on the job with their classmates and to develop experience that can help them in their future careers.”

Both events were held to help celebrate Financial Literacy Month in April and to emphasize the commitment credit unions throughout the state have to financial education for people of all ages.

“As community-focused organizations, credit unions look beyond the dollars and cents on their balance sheets,” said Minnesota Credit Union Network President & CEO Mark D. Cummins. “Credit unions partner with nonprofits and schools serving all age levels in their communities to teach all Minnesotans the money management skills they’ll need for a successful future.”



Burnett family accepts “Credit Union Builder” award at Mid Minnesota FCU annual meeting

At its April 22 annual meeting, Mid Minnesota Federal Credit Union honored Ray Burnett as a Credit Union Builder by presenting his family with a commemorative plaque. The Credit Union Builder award, which is offered through the Minnesota Credit Union Foundation (MNCUF), recognizes those who have dedicated time and energy to building the credit union movement.

A veteran of the United States Marine Corps and an active member of the community, Burnett was President/CEO of Mid Minnesota Federal Credit Union from 1980 until retiring in 2003. His leadership within the credit union movement also included serving on the boards of directors of several organizations at the national level. Throughout his career, Burnett was recognized with many awards for outstanding service and social responsibility. He passed away earlier this year with his family by his side.

“Ray was a talented and tireless credit union advocate,” said Mid Minnesota Federal Credit Union President/CEO Chuck Albrecht. “He was an inspiration to all of us, and his dedication to the community was a great example of the credit union philosophy of people helping people.”

Burnett’s name joins those of thirty-two previous Credit Union Builder honorees and the contributing credit unions that are permanently on display at the Minnesota Credit Union Network’s office. To learn more about the MNCUF’s Credit Union Builder Award and to view a list of those who have received this honor, visit the Foundation website.



CUNA joins class action lawsuit against Home Depot

Recently, the Credit Union National Association (CUNA) joined the class action lawsuit pending against The Home Depot following the merchant’s data breach in the fall of 2014. Many other financial institutions, including a number of credit unions, and credit union leagues, have also joined in the action. The Minnesota Credit Union Network continues to monitor the progress of the lawsuit. If you would like more information, please feel free to contact General Counsel, John Wendland by email or at (651) 288-5519.



Credit Unions in the News

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 Director of Communications Connie Kuhn.  


Central Minnesota CU’s Cariveau helps businesses grow by volunteering with Perham Area Chamber of Commerce


SPIRE CU rated top performing credit union in Minnesota and 15th in the country


City & County CU launches new website



MnCUN launches Action Alert on Data Breaches

Minn. State House of Representatives to vote on prize-linked savings bill tomorrow

View all Governmental Affairs news stories


NCUA April Board Meeting 

April NCUA Report released


View all Regulatory Compliance news stories




You Can Help Members Save on Car Insurance This Summer

Ready-to-use marketing materials from the TruStage® Auto & Home Insurance Program make it easy to promote car insurance savings from May through July.

Summer is the peak car buying season. Plan to promote car insurance savings when assisting members with car shopping activities.

It’s Easy to Promote the Savings

Credit unions who endorse the TruStage Auto & Home Insurance Program can promote the savings with help from the new Marketing Highlight Series – a series of 2015 marketing campaigns for car, life and health insurance. All ready-to-use marketing materials can be found online and include the following:

  • Web banners
  • EmailCONNECT messages
  • Flyer
  • Newsletter article
  • Brochure, statement stuffer and more
  • Social media posting guide

Want to learn more about making TruStage insurance available to members through the TruStage Insurance Program? 

To learn more about CUNA Mutual Group and the products and services it has to offer your credit union and its members, contact MnCUN Vice President – Network Service Corporation John Ferstl by email or at (651) 288-5505.

The TruStage Insurance Agency makes coverage available from industry-leading companies including Liberty Mutual Insurance and Esurance. Your credit union can rest assured that your members will be taken care of by experienced, member-friendly experts who deliver the guidance, advice, information, support, and member-only discounts they’ve come to expect from the credit union. Members can get a quote in just minutes via phone, face-to-face or online—and it’s easy to make the switch from a current carrier at any time.

What drives Middle American car buyers? Find out in our latest webinar.
As we approach the peak car buying season, do you know what drives Middle American car buyers? About 15% of middle-income Americans are planning to buy a vehicle in the next year, so now is a great time to get some new insights about what makes them tick. The answers are both remarkably simple and surprisingly complex.

Join us as we explore the latest research, share insights and discuss emerging trends in our second What Matters NowTM webinar. All credit unions are invited to attend.

What Matters Now™: Insights from Middle American Car Buyers

May 19 at 11:00 a.m or 1:00 p.m. 

Register Here.

TruStage® Auto & Home Insurance Program is made available through TruStage Insurance Agency, LLC and issued by leading insurance companies. To the extent  permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. Please consult your policy for specific coverage and limitations. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.



If this describes you, then you are invited to join The Crew. This group 
If this describes you, then you are invited to join The Crew. This group 

 Joanna Drennen
 Nathan Dormody

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

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