The Pulse 11-17-16

Volume 5, Issue 46.5



PolicyAid Access, Education Opportunities Available to MnCUN Members in 2017

We are excited to announce the continued partnership between the Minnesota Credit Union Network and PolicyWorks to provide credit unions with compliance and education value-add benefits.


Compliance: All MnCUN member credit unions will receive complimentary access to PolicyAid - an online policy resource which contains over 80 sample policies, and is updated quarterly to help you keep your policies current. Policies are amended on a quarterly basis based on regulations, Letters to Credit Unions, AIRES questionnaires, and best practices.


Education: The Network will also deliver two complimentary compliance training webinars through our partnership with PolicyWorks.


In addition to these benefits, as a benefit to small credit unions under $35 million in assets, the Network will provide a free webinar of each credit unions’ choosing from the Credit Union Webinar Network.


The Minnesota Credit Union Network thanks credit unions for your continued support of the movement, and we truly believe that together we are stronger. With questions about these, or other benefits of membership, contact MnCUN Vice President & General Counsel John Wendland by email or by phone at 651-288-5519.



Credit Union Magazine seeking 2017 Credit Union Heroes nominations

Credit Union Magazine is seeking nominations for 2017 Credit Union Heroes, those who serve as examples for the entire movement through their service, advocacy and commitment to the credit union movement. The nomination deadline is Dec. 9.


Qualified individuals:


  • Are credit union system employees or volunteers;
  • Are working or retired;
  • Go above and beyond to demonstrate and promote credit union philosophy;
  • Take a stand and exhibit a firm belief in credit union values;
  • Show dedication to credit union principles; and
  • Make a difference in their communities.

Credit Union Magazine will feature those selected as Credit Union Heroes in its March issue. Readers then vote at to select the 2017 Credit Union Hero of the Year, who will be honored at the America’s Credit Union Conference, June 25-28 in Las Vegas.


CSCU is sponsoring the Credit Union Hero of the Year Award for the second year. This is the campaign’s tenth year. Nominations can be made online.



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.




Minnesota Credit Union Women’s Leadership Network Event – Registration Ends Tomorrow

MnCUN will hold the second meeting of the Minnesota Credit Union Women’s Leadership Network on Tuesday, November 29. The event is scheduled from 1 to 4 p.m. at 317 on Rice Park and attendees may participate in an optional tour of the Xcel Energy Center and Minnesota Wild Hockey Facility.


Program topics will include:


  • Self-Awareness: Presented by Lisa Hayes, Leadership Coach and Facilitator, Through-The-Hayes - Self-awareness is a critical piece to personal development. Knowing yourself -  specifically what drives you, drains you and how you are perceived by others - can be a great starting point in your leadership development. During this workshop, we will spend time learning about the key areas of self-awareness, and discover the work that energizes and drains you, in order to set into motion a plan to continue this development once you leave.
  • Speed-Networking activity - This session will provide attendees with an opportunity to interact one on one with other credit union women. Similar to speed dating, participants pair up and network with each other in short intervals. During this time, attendees will have a chance to exchange business cards, and share knowledge and insights in their professional area.


The Minnesota Credit Union Women’s Leadership Network is a local chapter of the Global Women’s Leadership Network established to further Global Women’s Leadership Network’s global mission by making a local impact. The purpose is to convene Minnesota’s women credit union professionals, discuss credit union issues, exchange ideas, network with neighboring credit union leaders, and share lessons learned with Global Women’s Leadership Network members worldwide.


More information about the Minnesota Credit Union Women’s Leadership Network visit the group page online. For event registration, visit the MnCUN event calendar.



The Family Involvement Council Reveals New Name, Logo

In early 2017, the Family Involvement Council (FIC) will officially launch a new name and image, while continuing to enthusiastically pursue their mission to build credit union awareness and strengthen member relationships through their scholarship program.


After nearly two years of research and insight from fellow credit union professionals, the committee will officially be named the Minnesota Credit Union Foundation Scholarship Council (FSC) with its resolve represented in the tagline “Donate. Educate. Inspire.” 


The new logo represents the FSC being part of the Minnesota Credit Union Network (MnCUN) family, as well as a committee of the Minnesota Credit Union Foundation (MnCUF).  The green “swoosh” signifies scholarship money raised and awarded, and the graduation cap is an added flair to symbolize the commitment to higher education.


Because the committee is midst of their scholarship application season, the new name, logo and website will be officially rolled out to the general in the beginning of 2017.  All links and redirects currently in place by credit unions to the FIC Scholarship Application will remain intact until the February 1, 2017 deadline.


The FIC, soon to be referred to as the FSC, will also be launching a new event to expand the amount of scholarships awarded to your credit union members.


More details about the January fundraising event will be made available soon.



National Credit Union Foundation Calls for Proposals to Conduct “Consumer Financial Health Check-ups”

The National Credit Union Foundation (the Foundation) is looking for credit unions to submit proposals leveraging the Center for Financial Services Innovation’s (CFSI) consumer financial health assessment tool.


CFSI is one of the leading organizations dealing with the subject of consumer financial health. CFSI’s Consumer Financial Health Study found that 57% of Americans are financially unhealthy, lack daily financial systems that serve them well, struggle to weather financial shocks, and are not well-positioned to pursue their financial aspirations.


Subsequently, CFSI has been piloting a consumer financial health assessment tool with a variety of institutions to gauge consumer financial health. Specifically, two credit unions, Wright-Patt Credit Union in Ohio and Coastal FCU in North Carolina have already worked with CFSI to leverage the diagnostic tool to conduct a “financial health check-up” to understand their members’ and employees’ financial health.


The Foundation is looking to fund financial health check-up projects by additional credit unions. Funding of $108,000 total is available to “seed” up to six credit unions to conduct an assessment project at their organization. Understanding members’ financial health and what their needs and struggles are, as well as how it compares to regional benchmarks, can help galvanize interest and enthusiasm among credit union management, staff, and board members to pursue initiatives to leverage products, services, and communications to help members improve their financial health.


“The Foundation’s intent is to assist more credit unions with the opportunity to respond to the fact that half their employees and members are struggling financially,” noted Gigi Hyland, Foundation Executive Director in the RFP. “The ‘financial health check-up’ will help credit unions assess the status of their members’ and employees’ financial health and provide insights on concrete actions the credit union can take to better respond to and improve members’ and employees’ financial well-being.  Additionally, having more credit unions involved will bolster credit unions’ visibility as thought-leaders and ‘do-ers’ in the financial health arena.”


The deadline for credit unions to submit their applications is December 9, 2016.


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

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