The Pulse (09-09-15)



The Pulse (09-09-2015)

September 9, 2015 ● Volume 04, Issue 36


The Pulse Archive

Credit Union News


Represent Minnesota at Crash the GAC 2016


The Cooperative Trust, in partnership with Credit Union National Association (CUNA), is now accepting applications for Crash the GAC 2016. Those interested in the program—which provides scholarships for up-and-coming credit union professionals to attend the CUNA Governmental Affairs Conference—must submit their applications by Oct. 31. New this year, applicants will be required to submit a 60 second video instead of an essay.

“The Cooperative Trust Crash events give young adults the opportunity to experience the power of the credit union movement in a dynamic, eye-opening environment,” says The Cooperative Trust Manager James Marshall. “Selected participants for Crash the GAC 2016 will return to their credit unions full of ideas, new industry connections, and the motivation to create positive change.” 

The Minnesota Credit Union Network is a proud supporter of Crash the GAC and will be helping to recruit representatives for the program, now in its seventh year. One credit union professional under the age of 35 from each state and the District of Columbia plus one wild card will be chosen to attend. Crashers are able to take part in keynote and breakout sessions, visit congressional leaders in Hike the Hill advocacy events and network with the more than 4,000 credit union leaders in attendance.

CUNA provides each Crasher with a full conference registration. All other costs are the responsibility of the attendees and their credit unions. Young professionals are encouraged to apply for a Professional Development Grant from the Minnesota Credit Union Foundation to assist with travel expenses. 

The application to Crash the GAC is available online.

The Crash the GAC is brought to you by The Cooperative Trust, a program of Filene Research Institute, in partnership with CUNA.




Register now for upcoming Peer-to-Peer (P2P) meetings

Credit union professionals are encouraged to join their peers at upcoming Minnesota Credit Union Network Peer-to-Peer (P2P) meetings. Each P2P includes time for personal introductions, lunch and discussion.

While participants are encouraged to attend the Peer-to-Peer (P2P) meetings in person, a webinar option is available. For more information and to register for these events, visit the MnCUN education calendar online. 


$16,500 in financial education grants available from MnCUF

The Minnesota Credit Union Foundation (MnCUF) – with the mission of providing resources for credit unions and communities to prosper and thrive – has a strong commitment to financial education. MnCUF is providing $16,500 in grants to assist Minnesota credit unions in implementing financial education projects.

Applications are being accepted through Friday, Oct. 2.

Applications will be evaluated on a variety of factors, including credit union value, community impact, collaboration and creativity. Projects/initiatives must have measurable outcomes and submit a written follow-up report within 30 days of the project completion.

Examples of financial education projects/initiatives include:

  • establishing an in-school branch
  • partnering with a community organization to teach personal finance skills
  • teaching financial literacy classes in local schools
  • creating a CU Youth Advisory Board that incorporates various learning components
  • hosting seminars on credit, debt, budgeting, etc., for members or for the community
  • coordinating retirement or estate planning workshops
  • offering youth checking or credit card products and apply required learning benchmarks
  • providing credit union services to high-risk members, coupled with education classes
  • supplying local schools with financial education curriculum

For additional information and application forms, visit the financial education grants page of the Foundation website. With questions, email MnCUF Executive Director Lyndsay Miller or call (651) 288-5517.



$10,000 in scholarships available from the Minnesota Family Involvement Council

The Family Involvement Council (FIC), a committee of the Minnesota Credit Union Foundation (MnCUF), will be awarding $10,000 in scholarships to 16 credit union members for the 2016-2017 school year. Applications are being accepted on the FIC website ( through February 1, 2016.

The FIC annual scholarship program is the focus of its mission to provide financial awareness to families and to further the education of Minnesota credit union members. Scholarship applicants are asked to submit information on their extra-curricular activities and accomplishments, as well as an essay on an FIC-selected topic. Four $1,000 Harvey Bakke scholarships and twelve $500 scholarships were awarded this year to college students in traditional (high school seniors entering college) and non-traditional categories.

Funds for the FIC’s scholarship program are raised each year during the committee’s silent auction, which is held during the Minnesota Credit Union Network’s Annual Meeting & Convention.

With questions, contact FIC Chair Bridget Petersen by email or by phone at (651) 641-2256.



National Credit Union Foundation Board Nominations Open 

The National Credit Union Foundation (the Foundation) is currently seeking nominations for three board seats. Volunteers serve up to three terms of three years each on the Foundation Board, as long as they are re-nominated by the Foundation Nominations Committee and re-elected by the Foundation Board.

Board Seats 

The qualifications for the three Foundation board seats are as follows:

  • Seat 6 –   Credit union executive or director. The candidate must be an executive officer or director of a credit union.
  • Seat 12 – System affiliate. The candidate must be and remain a director or executive officer of an organization that is national in scope, that has as its primary purpose support of credit unions or some element of the credit union movement, that has a significant portion of its ownership or membership from the credit union system and that has demonstrated a commitment to the purposes of this corporation.
  • Seat 15 – Credit union executive or director or system affiliate or at-large.

The following are currently serving in the following seats:

  • Seat 6 - Vacant;
  • Seat 12 - Stan Hollen, President/CEO of CO-OP Financial Services in Rancho Cucamonga, Calif., is completing his second three-year term on the Foundation Board; and
  • Seat 15 - Teresa Halleck, President and CEO at San Diego County Credit Union, in San Diego, Calif., is completing a partial term on the Foundation Board. 

Mr. Hollen and Ms. Halleck have both expressed interest in serving another term.

Qualified candidates interested in applying for any of these three seats can obtain the “Declaration of Candidacy” document online. Applications must be received by Oct. 30. 



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 Communications Specialist Laura Whittet

Annual Shine Bright Bash Shines a Light on Pediatric Cancer and Blood Disorder Program


NorthRidge Community Credit Union Gathers Over $500 in School Supplies


SPIRE Credit Union Breaks Ground on New Roseville, Minn. Branch



MnCUN to provide legislative advocacy insights to Grassroots Coordinators

Great River Federal Credit Union hosts Congressman Tom Emmer


View all Governmental Affairs news stories


Q2 Consumer Compliance Outlook issue released

NCUA releases new credit union locator

View all Regulatory Compliance news stories


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