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|The Pulse | 08-09-2018|
Volume 7, Issue 31.5
Building Trades Federal Credit Union Latest to Join Shared Branching
Consumers have said that financial locations near their home or work is a major factor in determining their choice for a primary financial institution. CO-OP Shared Branch is the second largest branch network in the country.
Building Trades Federal Credit Union members will now have access to more than 5,600 credit union branches and hundreds of self-service Shared Branch express terminals in all 50 states through the credit union’s participation in CO-OP Shared Branching. Building Trades Federal Credit Union, based in Maple Grove, serves 16,872 union members and their families in the Midwest.
The CO-OP Shared Branch network allows members of one credit union to do a range of transactions at another credit union. Through the CO-OP Shared Branch network, participating credit unions can serve members in diverse geographical locations, even when they move or travel.
“The convenience of Shared Branching appeals to both new and existing members,” said Network Service Corporation Chief Operations Officer John Ferstl. “Through Shared Branching, credit unions are able to maintain their local touch while offering nationwide accessibility.”
MnCUSC, a CUSO managed by the Minnesota Credit Union Network, oversees the state’s Shared Service Centers under contract with CO-OP Financial Services.
A listing of service centers in Minnesota is available on the Shared Branching locator online. With questions, or to learn more about offering Shared Branching, contact MnCUN Director of Business Development Kris Jacobsen by email or by phone at 651-288-5515.
Follow the links below to read the latest news from Minnesota's credit unions. Stories sent to MnCUN are shared: on the Minnesota Credit Union News Channel; in The Pulse newsletter; and on CU Social Good, a microsite that captures credit union community impact stories. Send stories, pitches, press releases and published articles to MnCUN Director of Communications Laura Whittet.
During the upcoming BSA Officer & Compliance P2P, Kate Cole, Executive Director of Financial and Retailers Protection Association (FRPA), will discuss hot topics and current events in fraud as it relates to credit unions. Following this presentation, Kate will join in on an open discussion forum, which will include Tim Tacheny, General Counsel for the Minnesota Credit Union Network.
The Fall BSA Officer & Compliance P2P is scheduled for 12:30 to 3 p.m. on Wednesday, Sept. 26 at the Minnesota Credit Union Network in St. Paul.
This event is only available in person and lunch will be provided. More information and registration is available on the MnCUN Event Calendar online.
The Global Leadership Network will be holding their 2018 Executive Readiness Summit in Chicago November 12 through 14. The Executive Readiness Summit is a dynamic, experiential, and inspiring workshop designed specifically for U.S. credit union women working in mid to high-level positions. This unique platform will focus on building critical competencies, networking, and expanding knowledge in order to support and equip executive-track women in their career journey and inspire new insights and action.
Royal Credit Union Vice President of Branch Operations Brianne Meszaros attended the conference in 2017.
“The Executive Readiness Conference was an incredible opportunity to develop executive leadership skills, network with successful women leaders in our industry, and learn from professional, engaging speakers,” said Meszaros. “The event truly exceeded my expectations and illuminated the passion and talents that I have, while providing direction for my future. The activities and interactions during the workshop have helped me find a new confidence in myself that continues to benefit me both personally and professionally.”
Applications to attend the conference are open through Sept. 7 and decisions will be communicated early September. Full event details including lodging and eligibility can be found on the Global Women's website.
The Minnesota Credit Union Foundation (MnCUF) provides grants and scholarships to fund opportunities for credit union professionals and volunteers to continue their education and sustain the credit union movement. MnCUF is pleased to open two scholarship opportunities for attendance at industry trainings in 2019 – CUNA’s Governmental Affairs Conference and the National Credit Union Foundation’s Credit Union Development Educator Training.
Due to the advance preparations needed for both events, the application deadline is Aug. 31 and scholarships will be awarded by Sept. 30, 2018.
GAC Scholarship – The Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) is the premier national event for political impact in the credit union industry, gathering thousands of industry leaders to remind legislators and regulators why credit unions are Americans' best financial partners. MnCUF will be offering multiple $1,500 scholarships to assist with registration and travel expenses for the 2019 CUNA GAC March 10 through 13 in Washington, D.C.
CUDE Scholarship – A program of the National Credit Union Foundation, Credit Union Development Educator (CUDE) Training brings renewed relevance to the philosophy of "People Helping People." This unique and transformative training provides critical lessons in cooperative principles, credit union philosophy, and development issues, while incorporating challenges credit unions face today. MnCUF will be offering one $1,500 scholarship to supplement the cost of the training.