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|The Pulse | 05-17-2018|
Volume 7, Issue 20.5
Wisconsin Credit Union League Partners with MnCUN, TruLync to Offer Prize-Linked Savings Accounts
The Wisconsin Credit Union League is partnering with the Minnesota Credit Union Network and its wholly-owned subsidiary, TruLync, to offer prize-linked savings accounts.
"By collaborating on a statewide scale, Wisconsin credit unions will be able to offer a high-profile, high-dollar program rivaling that of well-established, ultra-visible statewide lotteries," said The Wisconsin League Services Corp's Tara Krejcarek.
The Wisconsin Credit Union League program will be branded Saver’s Sweepstakes. MnCUN and TruLync will provide technology management for the Wisconsin Credit Union League including prize drawing administration, reporting, and technical support for Wisconsin’s participating credit unions.
"Our unity will increase the program's credibility, attract far more consumers than smaller, local prize programs, and create synergy that will boost perception and interest, ensuring the buy-in required to sustain and grow prize-linked savings as a long-term opportunity for the greater credit union Movement. We are always stronger together," she emphasized.
The first Saver’s Sweepstakes drawing will be held on International Credit Union Day, October 18, 2018.
The Minnesota Credit Union Network and TruLync offer the branded WINcentive prize-linked savings program through 21 credit unions in Minnesota, Del-One Federal Credit Union in Delaware, and through Montana’s Credit Unions. In addition, the Minnesota Credit Union Network and TruLync have partnered with the New York Credit Union Association to administer the prize-linked savings program Lucky Savers and with the Louisiana Credit Union League to create the Lucky Lagniappe Savings program.
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 Laura Whittet.
The Analytics and Financial Innovation (AXFI) Conference is the premier educational event for credit union professionals serious about analytics and financial innovation. This annual event brings together hundreds of professionals, industry experts and leading researchers in the field of analytics and financial innovation.
The conference offers three focused education tracks:
Analytics Track - We will be looking at how analytics can be implemented at any FI, regardless of size, from a number of perspectives that include, implementing a winning analytics strategy, trends in data technology what other FIs have already done.
Innovation Track - The future of finance will be built on how we take the channels we have created to the next level. We will discuss the latest developments and innovations in Artificial intelligence, digital communities, interchange erosion, and identity.
Cyber Security Track - The future of finance will be built on how we take the channels we have created to the next level. We will discuss the latest developments and innovations in Artificial intelligence, digital communities, interchange erosion, and identity.
Minnesota credit unions are invited to use the code MNCUN10 and receive a 10% discount on registration. More information and conference registration are available online.
TruLync Service Bureau applies the cooperative model to data analytics: allowing more credit unions to participate by minimizing the cost associated with increasing staff and building and maintaining an infrastructure in-house. TruLync is OnApproach’s proven technology partner for hosting M360 product and solution for dynamic report writing services. TruLync is a proud sponsor of the AXFI conference.
Foundation Scholarship Council Raises More than $11,000 During Annual Silent Auction
The Minnesota Credit Union Foundation Scholarship Council (FSC) held their annual silent auction in conjunction Minnesota Credit Union Network Annual Conference April 5 through 6 at the Radisson Blu Mall of America. After tallying up totals for the event, the FSC raised more than $11,000. These funds, raised through cash donations and bids on items will be used to provide scholarships.
“We would like to extend a special thanks to all of the credit unions and businesses that both donated items and bid on items.” said FSC member Amanda Kissner. “Thanks to the combined success of the auction and our winter Dice & Ice event, we will be able to provide $20,000 in scholarships to credit union members next year.”
Since 1997, the FSC has reviewed 15,705 applications and awarded $196,500 in scholarships to 329 credit union members.