The Pulse (07-01-15)



The Pulse (07-01-2015)

July 1, 2015 ● Volume 04, Issue 26


The Pulse Archive

Credit Union News


Registration open for MnCUN's Fall Leadership Conference

The Minnesota Credit Union Network invites credit union professionals to its annual Fall Leadership Conference on Sept. 11-13. This event features industry experts will provide insight and relevant information on top credit union issues. Held at Madden's Resort in Brainerd, Fall Leadership Conference also offers attendees many amenities for relaxation and recreation. Madden's offers first-rate dining, and unrivaled leisure activities – including top-notch golf courses. It's business casual throughout the weekend for conference participants, including at the Saturday evening banquet.

With valuable networking opportunities, informational workshops and entertainment, this conference has something for everyone!

Throughout the weekend, attendees will have a chance to learn about a variety of credit union products and services in the Fall Leadership Conference exhibit hall, in the upper level of Town Hall. Meet representatives from companies dedicated to serving the Minnesota credit union movement. Prize drawings will occur during the Friday evening reception and on Saturday morning in the exhibit hall, so be sure to meet with the companies that are exhibiting.

With questions about the 2015 Fall Leadership Conference, please contact MnCUN Vice President & General Counsel John Wendland by email or at (651) 288-5519.

Don't miss the NYIB annual education conference

Gain new insights and tools on youth financial literacy by attending the 2015 National Youth Involvement Board (NYIB) conference. Attendees will have the chance to network with their peers and gain knowledge from nationally recognized speakers, while engaging in breakout sessions to optimize learning opportunities. The conference will be held July 29-31 in San Antonio, Texas.

NYIB has put together an exciting agenda! Sessions will cover various topics, including:

  • Generational Marketing
  • Taking the Mystery Out of Money
  • Student-run Branches
  • …and many more!

Thousands of credit union professionals attend this conference to create enthusiasm for financial literacy while furthering their success in reaching out to youth. This year's conference is supported by the Credit Union National Association, the National Endowment for Financial Education and BizKid$, a PBS television series featuring kids teaching kids about money.

To learn more about the conference and to register, visit the National Youth Involvement Board website. The deadline to book rooms is July 6.


Volunteers wanted: Minnesota Credit Union Foundation Financial Literacy 5K

The Minnesota Credit UnionFoundation is seeking volunteers for the Financial Literacy 5K being held Saturday, July 11. Volunteers can work either a shift from 6:30 to 8:30 a.m. or 9 to 10 a.m. 

 Volunteer duties include: 

  • direct parking (6:30-8:30 a.m.)
  • water stop during race (9-10 a.m.)
  • helping at the race finish line (9-10 a.m.).

Credit union staff are also invited to help with kids’ activities being held during the event. Credit unions that would like to be represented with branded games, toys or giveaways may contact Minnesota Credit Union Foundation Executive Director Lyndsay Miller by email or by phone at (651) 288-5517. The kids area will be open from 8:30 to 10 a.m.


Financial Education Peer-to-Peer (P2P) 

With support from the Minnesota Credit Union Network, the Minnesota Credit Union Foundation is hosting a complimentary in-person Financial Education Peer-to-Peer (P2P) opportunity for credit union professionals on Wednesday, Aug. 5, from 12:30-3:30 p.m. at Wings Financial Credit Union at 14985 Glazier Ave., Apple Valley, MN 55124.

During this event, we will hear presentations from University of Minnesota Extension staff as well as Prepare + Prosper (formerly Accountability Minnesota). Lunch will be provided and, in addition to the presentations, you will have the opportunity to network with your peers, share experiences, and learn from each other. For more information, and to register, see our Financial Education P2P event page.

Attend the Twin Cities Chapter Golf Outing

Join your colleagues on the course for an afternoon of fun and networking at the 27th annual Twin Cities Chapter Golf Tournament on Monday, July 13! The tournament will be held at Forest Hills Golf Club in Forest Lake. Tournament proceeds will benefit Credit Unions for Kids and donations for the Credit Union Volunteer Fund (CUVOL) will also be accepted.

Download a PDF of the tournament registration form for full sign-up and payment details. Sponsorships are also welcome – see the sponsorship/donation form for more information.

With questions about this event, contact Dawn Dunkelberger of North Memorial FCU by email or phone at (763) 367-7702.


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.  

City & County Credit Union teaches teens financial literacy


Two Harbors Federal Credit Union donation supports Heritage Days


Affinity Plus Federal Credit Union’s volunteers help make Duluth’s 11th annual CHUM Rhubarb Festival sweet




Minnesota credit unions that have met their Fair Share fundraising goals


View all Governmental Affairs news stories


NCUA Releases 2014 Annual Report

OSCUI hosting upcoming free webinar, Fine Tuning Your Compliance Program

CFPB proposes eff. date of integrated mortgage disclosures to Oct. 3

Upcoming compliance dates

View all Regulatory Compliance news stories




It started with forty dollars, fourscore years ago

Article by CUNA Mutual Group

Eighty years ago, the CUNA Mutual Society issued a life insurance claim payment of $40 to the beneficiary of a Milwaukee Road railroad switchman. That payment began to fulfill the vision of the Credit Union National Association (CUNA) National Board, which had approved creation of an insurance operation devoted to protecting credit union members and their families.

Before that year of 1935 was over, the fledgling company had launched a loan protection product (paid for by credit unions), and within another year added credit life insurance, disability coverage, and outstanding loan balance coverages.

The outstanding loan balance coverage was something new, not only to credit unions but to the insurance industry overall. Credit unions saw how often members missed payments during the brief period before they died or became totally disabled. So the CUNA Mutual Society responded with a product that paid the unpaid interest that accumulates on these delinquent loans, plus the outstanding balance up to $1,000.

What Has and Has Not Changed

So much has changed in the fourscore years for this company, now called CUNA Mutual Group, and so much remains the same.

First, a sample of what has changed:

  • Forty bucks was nothing to sneeze at in 1935, when the CUNA Mutual Society paid that first claim. But think about how many lives and families have been aided by the $1.157 billion in benefits paid to credit unions and their members by CUNA Mutual Group in 2014 alone. The company paid almost 121,000 claims during that year.
  • CUNA Mutual Group now provides a comprehensive mix of commercial liability and property insurance for credit unions, in addition to a full line of consumer insurance and payment protection products. The company also offers a variety of products and services credit unions need to run their businesses, such as lending documents, online and mobile lending platforms, employee retirement plans, asset management services, and executive benefit programs.
  • About 97% of U.S. credit unions have at least one product relationship with CUNA Mutual Group.
  • Working alongside credit unions and other industry partners, CUNA Mutual advocates for our industry with legislators and regulators at the federal and state levels. Whenever the credit union industry needs to be heard in Washington or in state capitals, CUNA Mutual Group is there.
  • CUNA Mutual Group is a founding member of the Filene Research Institute—our industry’s “think and do tank,” and supports The Cooperative Trust, a community of young credit union professionals. The company also sponsors its own research and analysis, including the monthly Credit Union Trends Report.
  • Local, national, and global community groups receive millions each year from CUNA Mutual Group, often in cooperation with credit unions and industry partners.

Here’s what hasn’t changed about this company since 1935: It remains a mutual company, owned by its policyholders, dedicated first and foremost to protecting credit unions—and their hard-working members and families—against financial hardship. The company is still innovating and fulfilling credit unions’ emerging needs, while remaining an integral part of the industry that created it.

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates.  Insurance products offered to financial institutions and their affiliates are underwritten by CUMIS Insurance Society, Inc. or CUMIS Specialty Insurance Company, members of the CUNA Mutual Group.

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