The Pulse (10-28-15)



The Pulse (10-28-2015)

October 28, 2015 ● Volume 04, Issue 43


The Pulse Archive

Credit Union News


MnCUN, League Presidents meet with NCUA Regional Director

Yesterday, MnCUN President & CEO Mark Cummins, along with Presidents of Region IV credit union leagues and associations, met with National Credit Union Administration Region IV Director Keith Morton.

The discussion focused on various issues, obstacles and opportunities credit unions are facing. Topics ranged from interest rate risk, to cyber security and field of membership rules and the designation off rural/underserved areas.

Presidents in attendance included: Dick Ensweiler, Cornerstone Credit Union League; Scott Earl, Mountain West Credit Union Association; Tom Kane, Illinois Credit Union System; Tracie Kenyon, Montana Credit Union Network; Paul Stull, Credit Union Association of New Mexico; Scott Sullivan, Nebraska Credit Union League and the Network’s VP & General Counsel John Wendland and Associate General Counsel Lyndsay Miller.

"We appreciate the opportunity to sit down with our NCUA Regional Director” said Minnesota Credit Union Network President and CEO Mark Cummins. “These meetings are an important tool to maintain open lines of communication and to candidly discuss credit union concerns with regulators.”

The Network continues to provide advocacy on behalf of Minnesota credit unions through quarterly meetings with regulators from the NCUA and Department of Commerce as well as meetings with NCUA Board members throughout the year.

Applications to Crash the GAC close Oct. 31

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.



Foundation offers Credit Union Builder award to recognize noteworthy individuals

The credit union movement is filled with professionals and volunteers who have dedicated decades of service to building their respective institutions and the industry to what it is today. Do you know of a credit union CEO, long-time employee, or board member who is worthy of special recognition? 

If so, consider paying them tribute with a Credit Union Builder Award!


Credit Union Builder is a recognition program through the Minnesota Credit Union Foundation that allows organizations to make contributions in honor of (or in memory of) a significant individual who has been instrumental in their success. The name of the recipient and the donating organization will be permanently displayed in the Minnesota Credit Union Network's lobby as a tribute to those who have dedicated time and energy to building the credit union movement. Donors are also listed in the Foundation's annual report and on the donor page online. The honorees (or their families, in the case of a memoriam contribution) also receive recognition from the Minnesota Credit Union Foundation.    


A minimum $1,000 contribution is required for the Credit Union Builder Award. Contributions can be made online. (The Minnesota Credit Union Foundation, Inc., St. Paul, Minn., is a tax-exempt 501(c)(3) organization. For tax purposes, your contribution may be tax-deductible.)   


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

Hiway Federal Credit Union Wins Award for Military Club

From the Server Room to the Corner Office: Pereira

SharePoint Credit Union’s Employees Volunteer for Feed My Starving Children




New Member Activation Program campaign launched

View all Governmental Affairs news stories


New CUNA compliance community

NCUA hosting complaint process and fair lending oversight webinar tomorrow

Upcoming compliance dates


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