The Pulse (07-15-15)



The Pulse (07-15-2015)

July 15, 2015 ● Volume 04, Issue 28


The Pulse Archive

Credit Union News


Six Minn. credit unions go all in with CUNA councils

CUNA Councils, a professional development organization run by credit union leaders, recently introduced a new multifaceted membership campaign “All In.”

The campaign, which runs through Aug. 21, encourages credit unions to go “All In” by joining all six councils.

Credit unions that join all six will be entered to win a Credit Union National Association (CUNA) prize pack valued at more than $11,000. Further, new members will only be charged mid-year dues, which cost $100 less than full-year dues.

“CUNA Councils are an unrivaled venue for credit union professionals to access valuable industry resources and network with their peers,” said Heather Moshier, executive vice president of information, San Diego County CU, and Council Forum chair.

Six Minnesota credit unions have gone “all in,” they are:

  • Accentra Credit Union
  • Hiway Federal Credit Union
  • Mid Minnesota Federal Credit Union
  • Northwoods Credit Union
  • SouthPoint Federal Credit Union
  • US Federal Credit Union

CUNA Councils also announced a charitable campaign for new members. The initiative calls for credit unions to tweet selfies with their CUNA Council members using the hashtag #ALLInCouncils. Each tweet will generate a $6 donation to the National Credit Union Foundation.

More information about CUNA council available online.



One week left for Dora, Louise, Desjardins award entries

Don’t miss out on the chance to promote the unique projects, products and services offered by your credit union. Submit your entries for the statewide Dora Maxwell, Louise Herring and Desjardins awards competition and show off the ways your credit union benefits its staff, members and communities.

The deadline for entries is next Friday, July 24. To submit an entry, visit the National Awards Programs page of the Network website. This webpage also provides descriptions of each awards program and eligible activities.

Credit unions are encouraged to enter in one or more – or all – of the national award programs. Winning submissions in the state competition will advance to the national competition for judging this fall. With questions, contact MnCUN Director of Communications Connie Kuhn by email or by calling (651) 288-5527.



National Credit Union Foundation seeking Herb Wegner Award nominations

With a deadline of July 31, credit union supporters are encouraged to nominate individuals and organizations for the Herb Wegner Memorial Awards to be presented by the National Credit Union Foundation (the Foundation). Winners will be honored at the Foundation’s annual awards dinner on February 22, 2016 in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.

Nominations will be accepted for the following awards:

  • The Outstanding Individual Achievement Award honors an individual who is dedicated to promoting the credit union philosophy, has created innovative concepts, and provided leadership that has had a significant and lasting impact on the local, regional, national and/or international credit union movement with measured results. Recognition for individuals posthumously or for retired individuals must occur within five years of death or retirement.
  • The Outstanding Organization/Program Award honors an organization, program or business for their innovative concepts, products, and services that have had a significant impact on the local and/or national and/or international credit union movement with measured results.

There has been a notable change this year to the name of the awards, as the Lifetime Achievement Award and the Individual Achievement Award have been consolidated into one award, entitled the Outstanding Individual Achievement Award.  Multiple awardees may be selected from each category.

Nominations can come from individuals and/or organizations.  The following are the three steps needed to make a nomination:

  1. Complete the Wegner Awards nomination form on the Foundation website.
  2. Gather at least five letters of recommendation citing examples of the nominee’s achievements relevant to the award criteria.
  3. Send the nomination form and recommendation letters electronically to the Foundation by July 31.

Questions about the Wegner Awards can be directed to Danielle Brown by email or by phone at (608) 556-2406.



NASCUS, CUNA to co-host symposium on cybersecurity

NASCUS and CUNA will team up again for the 2015 Cybersecurity Symposium in Denver, CO from August 24 – 25. Attendees of the two-day symposium will learn about the state of modern financial cybersecurity and gain actionable advice on how to fortify their credit unions’ cybersecurity platforms.

In addition, a live hack demonstration, a top U.S. Secret Service cybercrime expert and vulnerabilities in the payments system – Including Apple Pay and “chip and pin” will be included.

“Credit unions operate in an ever-changing digital environment where new risks emerge every day,” says Tracy Blaske, Director of Compliance Education at Credit Union National Association. “The cybersecurity symposium is an unparalleled opportunity for credit unions to prepare themselves for the countless cyber threats we face today.”

Sessions are led by a diverse team of cybersecurity experts with specializations in law enforcement, technology, hacking, insurance and more. The symposium is designed to offer valuable insights for credit union professionals in IT, security and compliance, as well as board members and executives.

Session topics will include:

  • Building Effective Internal Cyber Policies and Procedures
  • Let’s go Phishing: Training Staff and Internal Controls
  • What Credit Union Directors Should Know
  • Chip & Pin and Apple Pay: Vulnerabilities of the Changing Payment System
  • Life after a Data Breach: People, Processes and Technology
  • Understanding Cyber Insurance
  • What a Cyber Security Exam Should Look Like

For more information, visit CUNA online.



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.  


Ideal Credit Union student teller featured in New York Times

This week, New York Times “Your Money” columnist Rob Lieber described why a teenage credit union teller may have the best summer job.

“It’s a rare summer job that combines the acquisition of intensely practical knowledge and the opportunity to have conversations about important and personal topics with people two or three times your age,” Lieber wrote.

In the column Bailey Griffith, who is working this summer at Ideal Credit Union, and other teenage credit union tellers discusses the benefits of their work experience.

The full article is available on the New York Times online.

Hermantown Federal Credit Union site for Memorial Blood Centers drive

SPIRE Credit Union supports Minneapolis Recreation Development’s 363 Days Food Program

SharePoint Credit Union announces new branch manager




Effective advocacy protects credit union tax status in Senate Finance report


View all Governmental Affairs news stories


CFPB issues commentary on consumer protection and evolving payment systems

CFPB releases “newcomer’s guides to managing money"

FHA proposes new three month limit on insurance claims

View all Regulatory Compliance news stories



The Baker Group to hold credit union investment strategies conference call

Wednesday, July 15 at 11 a.m. the Baker Group will be hosting a conference call focused on credit union investment strategies for 3rd quarter 2015.

The following topics will be discussed:

  • Market conditions and the outlook for a 2015 rate hike
  • Regulatory update: perspectives from a former examiner
  • How to take advantage of the steeper yield curve in 2015
  • Strategies for selecting the right bonds to sell

Free event registration for the two hour conference call can be found online.

The Baker Group is one of the nation’s largest independently owned securities firms specializing in investment portfolio management for community financial institutions. For more information about The Baker Group, contact MnCUN Vice President  Network Service Corporation John Ferstl by email or at (651) 288-5505.


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