The Pulse (10-24-2017)

Volume 6, Issue 42

The Pulse Archive


Budget for MnCUN Consulting Services In 2018

Through the Minnesota Credit Union Network’s business development program and compliance and audit services credit unions can contract with highly-qualified professionals for cost efficient consulting services.


Business Development Program

Through one-on-one assistance, MnCUN Director of Business Development, Kris Jacobsen, assists credit unions in tackling today's challenges and tomorrow's opportunities. Jacobsen works with Minnesota credit unions to help them operate effectively through strategic planning facilitation, training sessions for volunteers and managers, one-on-one consultations with credit union officials, and acts as a liaison between member credit unions and financial regulators.


For more information, visit the visit the Strategic Planning & Consulting Services page of the Network website.


Compliance and Audit Services

MnCUN’s Compliance & Audit Consultant, Becky Frederick, has 17 years of experience in financial institution compliance and regulatory consulting. She has a wealth of experience in compliance training, regulatory examinations and audits, and regulatory monitoring. Frederick joined the Network in August of 2017. For a complete list of services and to watch a short overview video of MnCUN’s compliance & audit consulting, visit the Compliance Services page.


As your credit union begins budgeting for next year, be sure to include the valuable services offered by MnCUN's business development program and compliance and audit services.



Governmental Affairs Conference – Register Now

More than 5,000 credit union professionals will gather in Washington, D.C., in 2018 for the foremost credit union event of the year: the 2018 CUNA Governmental Affairs Conference, set for February 25 through March 1.


As the largest credit union event in the industry, CUNA GAC unites thousands of credit union advocates in Washington to fight for credit union priorities, including regulatory relief, expanded credit union powers, the credit union tax status and data security.


During the GAC MnCUN will coordinate Hill Hikes to connect attendees with their lawmakers and federal regulators during the conference. Attendance allows credit union professionals to meet face-to-face with their members of Congress to tell their stories and compel them to support credit unions as they work to serve 110 million Americans.


More information and registration available on the GAC page of the MnCUN website.






CUNA pushes for comments on TCPA petition by Nov. 6




CFPB Provides HMDA Implementation Material

FFIEC Publishes Updated Filing Instructions for HMDA Data


View all Regulatory Compliance news stories


Co-Op Financial Services Announces Mobile Banking 3.0, Featuring Advanced Biometric Security and Other Upgrades

CO-OP Financial Services is announcing Mobile Banking 3.0, bringing powerful new features to the company’s advanced mobile banking product line.


Mobile Banking 3.0 is available for the CO-OP Mobile custom-branded credit union app and the Sprig by CO-OP turnkey mobile banking app. Upgrades include Touch ID authentication and expanded payment options that make transactions fast, secure and seamless for members wherever they go.


“Top of mobile is top of wallet today as consumers expect to be able to manage their money 24/7,” said Todd Clark, President/CEO of CO-OP Financial Services. “P2P payments specifically are growing by nearly 50 percent year over year, making it critical for credit unions to offer leading-edge technology in this space.  CO-OP’s Mobile Banking 3.0 serves today’s digitally-minded consumers with a suite of advanced tools that deliver the speed, convenience and security they require.”


Biometric Security and Custom Settings

The release of Mobile Banking 3.0 gives users of CO-OP Mobile and Sprig the added security of Touch ID fingerprint authentication. In addition to more secure transactions, the technology eliminates the need for passwords, making mobile payments fast and easy for members.


Mobile Banking 3.0 also offers push notifications for scheduled payments, which automatically notify members when transfers are completed. Push notifications can be set for any payment generated in CO-OP Mobile or Sprig, including processing and delivery tracking of RealPay by CO-OP immediate P2P payments.


New P2P Enhancements

With the release of Mobile Banking 3.0, scheduled transfer options are now available for RealPay payments made within both CO-OP Mobile and Sprig. This newest enhancement allows daily, weekly and monthly transfers to be scheduled right from the member’s smartphone.


“What members expect today digitally has been shaped by tech giants like Google, Apple, Facebook and Amazon,” said Clark. “CO-OP is a digital-first organization, and Mobile Banking 3.0 technology is built on our digital infrastructure. In addition to providing a superior mobile experience for members, our mobile banking apps connect credit unions into our digital ecosystem, making it easier for them to offer CO-OP Shared Branching and other services to members.”


For more information, visit CO-OP online.

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

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