The Pulse 11-03-16

Volume 5, Issue 44.5



News from The MnCUN Board of Directors

The Network’s Board of Directors represent the interests of credit unions all of sizes and from all parts of the state. The Board works together with MnCUN’s President & CEO to ensure that all member credit unions receive high-quality service and that the interests of Minnesota credit unions are promoted both at the state and national level. Last week, the Minnesota Credit Union Network Board of Directors held their quarterly meeting at the MnCUN office in St. Paul.


The following is an overview of issues addressed by the board:


  • New table officers elected: Dan Stoltz of SPIRE Credit Union is now the Board Chair, Karen Fleming of HBI Employees Credit Union is the Vice Chair, and Mary Hansen of Mayo Employees Federal Credit Union is the Secretary/Treasurer. Per the Bylaws, the Board is in the process of appointing a representative for the vacant Board seat due to the recent resignation of Kelly McDonough. The individual appointed will serve until the next Annual Meeting which is scheduled for April 20 through 21 in Bloomington.
  • Revenue projections approved and dues factor set:  The Board approved revenue projections and set the factor by which 2017 dues are calculated. Credit unions will be receiving individualized dues amounts in the mail shortly. Invoices will be mailed in December.
  • Awareness and Reputation campaign approved: The Board also approved a 2017 Statewide Credit Union Awareness and Reputation campaign. More information about the campaign will be made available at a later date.

A full listing of Minnesota Credit Union Network Board members can be found on the MnCUN website. With question, contact MnCUN Vice President & General Council John Wendland by email or by phone at 651-288-5519.



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.



Complimentary TRID Webinar Available

Complimentary compliance training is now available on the Network website. Empower and educate your staff with the 45-minute TRID Refresher Webinar presented by PolicyWorks.

This training is a 2016 dues supported service and is available to members only. With questions about the training or benefits of MnCUN membership, contact John Wendland by email or by phone at (651) 288-5519.  



Financial & Audit Professionals Grant Application Now Open

With the support of a generous contribution from Rich Gabrielson, certified public accountant (CPA), the Minnesota Credit Union Foundation (MnCUF) established the Financial & Audit Professionals Grant Fund in late 2014. Gabrielson retired from CliftonLarsonAllen, LLP at the end of 2013, after working with Minnesota credit union supervisory committees, boards of directors and management throughout his 36-year career. 


Funding from the Financial & Audit Professionals Grant program is intended to cover or defray the costs for credit union professionals and/or volunteers to attend timely and accurate educational events, conferences and seminars on financial and audit-related topics.


Financial & Audit Professionals Grant applications are being accepted through Wednesday, Nov. 30.


Reputable course providers include, but are not limited to, the following:


  • American Institute of Certified Public Accountants (AICPA) Credit Union Conference
  • Association of Credit Union Internal Auditors (ACUIA)
  • National Association of Credit Union Supervisory & Audit Committees (NACUSAC)
  • Credit Union National Association (CUNA)
  • Minnesota Credit Union Network (MnCUN)
  • Credit Union Executive Society (CUES)

This contribution provides up to a total of $2,000 in annual grant funding. Eligible credit unions must be headquartered in the state of Minnesota, and individuals are only eligible to receive Financial & Audit Professionals Grant Fund dollars, with a maximum of $1,000, every four years. Grants will be available on an annual basis until the fund is exhausted.


Grant recipients will be notified within two weeks of the MnCUF Board’s selection. Grant funds must be used by Dec. 31 of the following year, and recipients must submit proof of registration as well as a grant follow-up form.


With questions, contact MnCUF Executive Director Lyndsay Miller by email or by phone at (651) 288-55517.

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

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