The Pulse (12-06-16)

Volume 5, Issue 49

The Pulse Archive


MnCUN welcomes Rick Odenthal to Board of Directors

The Minnesota Credit Union Network recently welcomed Central Minnesota Credit Union CEO Rick Odenthal to the board of directors. Odenthal has been appointed to fill the vacant non-metro directors seat and will serve until the next Annual Meeting which is scheduled for April 20 through 21 in Bloomington.


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.


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.



2017 Awareness & Reputation Campaign Update

We are pleased to report the Network’s efforts to initiate our “Awareness & Reputation” campaign achieved a major milestone. We have raised just under $525,000 in pledges to date, and as a result of this support, will be moving ahead in short order.

The campaign design and microsite development will begin this month and will roll out first quarter 2017. In addition, we are working closely with CUNA and their national awareness research project. Our own state-specific research study, which we have conducted biennially for the past several years, is also on schedule for first quarter. Moreover, the Network will actively engage credit unions statewide for stories, suggestions and feedback throughout the campaign.

Thank you to the following credit unions for their leadership in funding this initiative:

Accentra Credit Union
Affinity Plus Federal Credit Union
Brainerd B. N. Credit Union
Co-Op Credit Union of Montevideo
Electrus Federal Credit Union
Embarrass Vermillion Federal Credit Union
Financial One Credit Union
Firefly Credit Union
First Alliance Credit Union
First Pace Credit Union
Floodwood Area Credit Union
H.B.I. Employees Credit Union
Heartland Credit Union
Hiway Federal Credit Union
Home Town Federal Credit Union
Mayo Employees Credit Union
Mid-Minnesota Federal Credit Union
Mill City Credit Union
Minnco Credit Union
Minnesota Power Employees Credit Union
North Memorial Federal Credit Union
Northern States Power - St. Paul Credit Union
Northwoods Credit union
Red Wing Credit Union
Riverview Credit Union
Royal Credit Union
Sharepoint Credit Union
Soo Line Credit Union
South Metro Federal Credit Union
Southpoint Financial Credit Union
Spire Credit Union
Star Choice Credit Union
STARCOR Credit Union
Topline Federal Credit Union
Toro Employees Federal Credit Union
Two Harbors Federal Credit Union


There is still time to contribute. Please use the Awareness Campaign Pledge Form as the Awareness Fund will not be listed on our annual dues invoice. And while we certainly encourage credit unions to donate at the suggested campaign level, donations of all amounts are welcome. If you have questions about the campaign, please contact Mara Humphrey or Andrea Molnau at the Network office.



Minnesota Credit Union Women’s Leadership Network Holds Second Event

Last week, the MnCUN held the second meeting of the Minnesota Credit Union Women’s Leadership Network at 317 on Rice Park in St. Paul. Attendees toured the Minnesota Wild Hockey Facility; learned about the key areas of self-awareness and a plan to continue their personal and professional development; and networked with other female credit union professionals.


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. With questions, contact MnCUN Vice President – Governmental Affairs Mara Humphrey by email or by phone at 651-288-5523.





Take the 2017 Legislative Session Survey



CFPB issues compliance bulletin regarding employee incentives


NCUA releases new video series on Financial Statements for Board Members


CFPB updates mortgage servicing guide


Visa, Mastercard push EMV liability shift for gas pumps to 2020


NCUA issues Letters to Federally Insured Credit Unions


NCUA Letter 16-CU-11: MBL Guidance added to Examiner’s Guide


View all Regulatory Compliance news stories


Join LSC® and CU Mobile Apps® and see the future of Mobile Services

LSC® and CU Mobile Apps® have ideas that can help your credit union compete no matter what your size or location.  Find out what a Mobile service can do for your bottom line and how to reach new members. Join LSC® and CU Mobile Apps® for a free webinar to learn the value of how our Mobile App provides more than just Online Banking and see the future of Mobile Services.

For more information about LSC products and services, contact MnCUN Director of Business Development Kris Jacobsen by email or by phone at 651-288-5515.

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

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