The Pulse (09-30-15)



The Pulse (09-30-2015)

September 30, 2015 ● Volume 04, Issue 39


The Pulse Archive

Credit Union News

Minnesota Credit Union CEOs discuss issues and opportunities with NCUA Vice Chairman Rick Metsger

25 credit union CEOs from around the state, along with representatives from the Minnesota Department of Commerce and NCUA, had a frank conversation on Friday with NCUA Vice Chairman Rick Metsger.  Organized by the Minnesota Credit Union Network and hosted by Wings Financial Credit Union, Apple Valley, the CEO roundtable event provided an open format for CEOs to discuss various issues, obstacles and opportunities their credit unions face.

Questions and comments from CEOs ranged in topic from Risk-Based Capital and field of membership concerns, to member business lending and cybersecurity. Credit unions were encouraged to understand the risk these issues bring to their balance sheets, and then manage that risk. “The most important letter in CAMEL is ‘M’,” said Metsger.

Metsger noted he is hopeful the NCUA will have a final Member Business Lending (MBL) regulation issued within the next three months. He also shared his thoughts on how NCUA’s field of membership initiative may evolve. Some changes he would like to see include providing federally chartered credit unions “multiple [field of membership] options to accomplish what you want to do with your strategic plan.”


The NCUA budget was also discussed. Metsger noted the efforts his department has taken to improve efficiencies where they can, and use technology to make things easier on both examiners and credit unions. He encouraged credit unions to review the NCUA budget online and make suggestions and recommendations.


“We are fortunate to have the opportunity to have a frank and honest conversation with our head regulatory agency,” said Mark Cummins, Minnesota Credit Union Network President and CEO.


Metsger encouraged future dialogue. As displayed in the updates recently made to the Risk Based Capital Rule “Your comments do make huge differences,” said Metsger.


Following the roundtable, Metsger toured Star Choice Credit Union at its Bloomington headquarters.



Register now for CUNA Mutual Group's online Discovery Conference

Keeping up with the latest industry news can be easy—when you use the right sources. Credit union leaders around the world set aside time each year to attend the virtual Discovery Conference. CUNA Mutual Group’s day-long Discovery Conference is scheduled for Wednesday, Oct. 15.

Hear from well-known keynote speakers and distinguished professionals to stay ahead of the competition. Chat with speakers and credit union leaders to share ideas and grow your network.

This one-day conference allows you to pick and choose the topics of interest to you—all from the comfort of your desk. There is absolutely no cost to attend - no travel expenses and no time out of the office.

After the conference, you can download resources, attend sessions you missed and share materials and ideas with others at your credit union.
 The online event is designed for CEOs and senior leadership teams of credit unions, but all credit union and league employees are welcome. Register and view the agenda on the CUNA Mutual website.  



Upcoming Peer-to-Peer (P2P) Sessions: Compliance, Collector

Credit union professionals are encouraged to join their peers at the upcoming Minnesota Credit Union Network Peer-to-Peer (P2P) meetings. P2Ps includes time for personal introductions, lunch and discussion. A full list of upcoming P2P sessions can be found on the MnCUN calendar online.

Collector P2P – Forfeitures: Shila Walek currently serves as the Chief Deputy Isanti County Attorney. She has been a practicing attorney in the Isanti County Attorney’s Office for over nine years, primarily practicing in civil law, including forfeiture litigation. Ms. Walek will present a general overview of forfeitures, what they are and how they work; provide “best practices” for lienholders to maximize their position; give tips on how to best negotiate and work with law enforcement; and answer general forfeiture questions. More information and registration availableonline. 

Compliance P2P - Frontline ID fraud training: Joe Guy was with the Roseville Police department for 37 years. During his tenure as an investigator, he worked cases with the US Secret Service, FBI, and the US Postal Inspection.  After retiring from RPD, he went to Pakistan and taught "White Collar Crimes Investigations" at the National Police Academy in Islamabad. Upon his return from Pakistan, he worked as a Crime Analyst for the Minnesota Financial Crimes Task Force. Guy has been teaching "Identifying Counterfeit I.D." courses for more than 30 years to LE, banks, credit unions, casinos, restaurants, and retail stores. More information and registration available online.

P2Ps provide credit union professionals the opportunity to participate in cooperative meetings to network and exchange ideas.


National Credit Union Foundation Holding ICU Day Twitter Chat

In advance of International Credit Union (ICU) Day, the National Credit Union Foundation (the Foundation) is hosting a Twitter chat for credit unions on Thursday, October 8 at 3 p.m. The Foundation invites credit unions to discuss their activities around ICU Day and credit union philosophy.


“Credit unions around the world do a wide variety of activities on International Credit Union Day to celebrate their uniqueness and achievements,” said Christopher Morris, Foundation Director of Communications. “This year’s ICU Day theme is the credit union philosophy of ‘people helping people,’ which is also central to the mission of the National Credit Union Foundation. Naturally then, we’re pleased to facilitate this forum for idea sharing around these important topics.”


Credit unions and their staff are encouraged to share best practices and examples of successful ICU Day events and how they leverage credit union philosophy with staff and members via the chat. The Credit Union National Association (CUNA), will be featured in the Twitter chat as a special guest.


Foundation Twitter Chat Details

The Twitter chat is a live streaming conversation, free and open to anyone with a Twitter account. For this Twitter chat, the hashtag will be #foundationchat. Twitter users can either type #foundationchat into the Twitter search box or utilize other tools such as Tweet Chat, etc. to follow the conversation. 


Credit union professionals and organizations are invited to follow the Foundation at @NCUFoundation for news and updates. The @NCUFoundation account will be leading the Twitter chat discussion. Questions will be tweeted using a Q1, Q2, etc. format, which can be replied to with a corresponding A1, A2, etc. format. All questions and answers should contain the #foundationchat hashtag.


Click here to download/view the list of questions to be asked during the Twitter chat.



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

St. Cloud Federal Credit Union and St. Cloud City and County Employees Credit Union Announce Merger Intention


Affinity Plus Federal Credit Union Accepts Distinguished Service Award from Special Olympics Minnesota


Five northern Minn. credit unions volunteer with Habitat for Humanity



House Financial Services Committee to evaluate regulatory relief legislation

Ring in October with a GREAT month membership drive

View all Governmental Affairs news stories


NCUA issues final IRPS on amended “small entity” definition

Fed approves same day ACH processing


View all Regulatory Compliance news stories




Do the math. It's smarter for your members to lease their smart phones.

  • Either they buy 10 Samsung Galaxy S®6 from Verizon and spend $12,957 over 2 years.*
  • Or they lease them from Sprint Business and save up to $5,397 over the same period compared to Verizon.**

**Other pricing options available with different savings. Comparison based on device leasing to installment purchase devices. Does not include optional Sprint device purchase at lease-end.

Device leasing from Sprint Business gives your members the devices they want in a simple, flexible, incredible affordable way

  • Reduce their up-front device costs
  • Drive down the cost of their mobile network services
  • Turn big, fat lumps of capital into predictable operating expenses
  • And get the latest tech

Do the math. You members should never buy a device again.

With questions about the Sprint Credit Union Member Discount Program and its ability to earn your credit union income and save members money, contact MnCUN Director of Business Development, Kris Jacobsen by email or at (651) 288 - 5515.

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