The Pulse (10-11-16)

Volume 5, Issue 41

The Pulse Archive

Credit Union Young Professionals Give Back to St. Cloud


During Co-op Month, when many Minnesota credit unions are giving back to their communities, Minnesota credit union young professionals from across the state gathered together for community good.


Last week, nine members of the Crew, the Minnesota Credit Union Network young professional group, volunteered for an afternoon completing yard clean up, window washing, weeding and other needed tasks for Anna Marie’s Alliance in St. Cloud, Minnesota.


The group volunteered in central Minnesota to give more credit union young professionals in Central Minnesota an opportunity to meet and work alongside others in the credit union industry.


“Building relationships is a vital part of the credit union mission,” commented Andrew Deans, the 2016 MnCUN Crew Ambassador. “Everything credit unions do revolves around relationships, so bringing credit union young professionals together to serve, connect and grow perfectly aligns with all of our credit unions’ purposes.”


The Crew will gather again on November 2, 2016, to volunteer and participate in the Life Simulation experience, a simulation that helps employees, volunteers and leadership begin to understand what it might be like to live in a typical low-income family trying to survive from month to month.


With questions about the Crew, contact MnCUN Crew Liaison Laura Whittet by email or by phone at 651-288-5503.



Register for Cuna Mutual Group’s Free Discovery Conference Today

CUNA Mutual Group’s seventh annual, day-long Discovery Conference is Oct. 18. The virtual, no-cost event offers credit union leaders a chance to learn how to harness the power of data, a sneak peek at new research, and valuable industry insight and trends in the insurance and credit union industries, including Generation C.


“Our conference is the web-based equivalent of a face-to-face conference except without any of the expenses and travel time,” said Christy LaMasney, Discovery Conference manager, CUNA Mutual Group. “This enables more credit unions to attend and hear from experts in the field. It’s all about helping credit unions plan for the future,” LaMasney added.


Steven Rick, chief economist, CUNA Mutual Group, opens the conference with a keynote session addressing the power of data and analytics to expand credit unions’ competitive advantage. The session, “Credit Union Data & Analytics: Knowledge IS Power,” provides actionable steps credit unions can take to start or advance their data and analytics journey to capture more business today.


Six breakout sessions will follow the opening keynote covering topics, including gamification, non-prime auto lending, and the U.S. economy. Attendees will learn how millennials discuss money-related issues and personal finances, discover what compliance issues and risks are lurking in their consumer lending processes, and learn how to best serve the sandwich generation.


The conference concludes with a second keynote address given by Brian Sols, principal analyst, Altimeter Group. “Generation C: Your Connected Customer” explores the complexities of a generation of customers not bound by age but by digital behavior. Solis, a world-renowned digital analyst, anthropologist and author, shares insights to show how a shift in perspective can help lead to a more productive and lucrative business future.


Throughout the day, attendees have opportunities to network with industry leaders, pose questions, participate in “hot topic” chats, and visit exhibit hall booths. In addition, all credit union participants are entered to win the grand prize drawing – $1,000 to the credit union’s charity of choice1 – and individuals registered by Sept. 9 are entered to win an Amazon Echo.2


 Learn more and register online. All credit union employees are welcome and encouraged to attend. Content is geared toward credit union CEOs and senior leadership teams, and will be made available on-demand after the conference ends.





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NCUA releases Examination and Supervision Report


October is National Cyber Security Awareness Month


CFPB issues final prepaid card rule


NCUA issues Supervisory Guidance to Credit Unions


Letter to Credit Unions 16-CU-07: Examination Approach with the amended Military Lending Act (MLA) Regulation


View all Regulatory Compliance news stories


Maine State Credit Union Partners with OnApproach to Leverage the Full Potential of its Data

OnApproach, a leading provider of Big Data and Analytics solutions for credit unions, is pleased to announce Maine State Credit Union of Augusta, ME has signed an agreement to implement the OnApproach M360 Enterprise - A data integration and analytics platform for the credit union industry.


"We have been determining how we can best serve our members and help them obtain their financial goals. Utilizing the data solutions provided by OnApproach will make it possible for us to gain a holistic understanding of each member and allow us to provide each with the recommendations and service they deserve", said Duncan MacKellar, CFO, Maine State Credit Union.


Maine State Credit Union (asset size: $376 Million, core processor: Synergent Corp. (Episys)) was looking for a solution to integrate data from multiple sources in support of its efforts to build meaningful member relationships. Driven by an increasing number of product offerings and a widening variety of outsourced Application Service Providers and delivery channels (e.g. mobile), credit unions are facing the challenge of exponential data growth. The ability to integrate disparate data sources in order to capture value from data analytics is crucial and OnApproach M360 Enterprise will enable Maine State Credit Union to compete and thrive in an industry being constantly disrupted by FinTech Startups and outside competitors.


"We are thrilled to have the support of the Management team at Maine State Credit Union in choosing OnApproach M360 as their data integration platform for analytics. M360 is part of a collaborative Analytics Ecosystem that our CUSO is building to make this whole industry stronger. Maine State is a great addition to the OnApproach ecosystem", said Paul Ablack, CEO, OnApproach.


The Minnesota Item Processing Corporation (MnIPC), a wholly-owned subsidiary of the Minnesota Credit Union Network offers OnApproach solutions to clients in both hosted and service-bureau environments. For more information, contact MnCUN Director of Business Development Kris Jacobsen by email or by phone at (651) 288-5515 or toll free at (800) 477-1034.


Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034