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|The Pulse (12-10-14)|
The Pulse (12-10-2014)
December 10, 2014 ● Volume 03, Issue 49
Credit Union News
Last week, the Minnesota Credit Union Network announced that Kristina Wright, Vice President – Association Services, will be leaving MnCUN at the end of the year. Wright spent 14 years at the association, starting in the communications area and transitioning into her current role where she oversees membership and all of the Network’s dues-supported services. Her last day will be Dec. 31.
Beginning next year, Wright will be stepping into a new senior management position at a Twin Cities credit union.
“Kristina has been an integral part of our management team and key to the many successes of this organization,” said MnCUN President & CEO Mark Cummins. “I am excited for her in this opportunity to expand her experiences and grow in her career, and I look forward to working with her in this new role.”
Anticipating a smooth transition, Cummins said that the Network will review its management structure to see what, if any, changes should be made. With questions, please contact MnCUN at (651) 288-5170 or (800) 477-1034.
Network President & CEO Mark Cummins was recently elected to serve as Second Vice Chairman of the American Association of Credit Union Leagues (AACUL) Executive Board. AACUL is an organization that focuses on the future of the credit union system by working to create an environment that advances the success of credit union leagues across the country.
“It’s important for credit unions to continue evolving to meet the challenges and opportunities in the financial industry,” said Cummins. “The Executive Board plays an important role in that growth, and it’s my privilege to serve and advocate on the state and national levels to help further the cooperative movement.”
Cummins has also served as Treasurer and Secretary of the AACUL Executive Board during the last several years. He also currently serves as Chair of CUNA’s Cooperative Alliances Committee and as Board Secretary of the CUNA Strategic Services Board of Directors. Cummins’s leadership on these boards and committees helps to improve coordination and cooperation, not only for Minnesota credit unions, but for credit unions nationwide.
Keenly focused on financial education and professional development initiatives, the Minnesota Credit Union Foundation is an organization dedicated to providing the resources for credit unions and communities to prosper and thrive. Each year the Foundation commits over 50 percent of its budget to fund financial education grants that positively impact credit union members and communities. Another 25 percent of grants fund professional development opportunities for credit union staff and volunteers to continue their education and sustain the credit union movement.
Foundation Donations in Action
In 2014, the Foundation funded $15,000 in financial education grants for innovative projects that show credit union value, community impact, collaboration and creativity:
Also in the Foundation provided more than 20 professional development grants to credit unions across the state, totaling just under $7,500, which enabled staff and volunteers to attend educational events and sustain the credit union movement. Foundation grants supported attendance at the CUES School of Business Lending, the CUNA Governmental Affairs Conference, various webinars, and MnCUN educational conferences.
As the year winds to a close, the staff at the Minnesota Credit Union Network is working to prepare for the upcoming year. As in 2014, and in a continuing effort to streamline fundraising activities, the 2015 dues statement will include additional contribution requests. To assist credit unions in budgeting, each fund contains a suggested contribution amount as a guide (including minimums and maximums) – however, contributions of all sizes are greatly appreciated.
Additional contribution opportunities are outlined below, describing the purpose and past expenditures.
This fund provides resources to strongly position credit unions on the legislative and political fronts. The Advocacy Fund is proactive in nature, helping to create a strong credit union environment and augment MnCUN’s advocacy efforts. As a restricted fund, expenditures are governed by a committee of credit unions and MnCUN staff. In 2014, Advocacy Fund dollars supported:
This fund is focused on increasing consumers’ awareness of credit unions, including but not limited to, commissioning research, working to expand media coverage, and coordinating other visibility opportunities. Expenditures from this fund promote the benefits and value of credit unions, helping to spread the word that credit unions are the best financial choice for consumers. As a restricted fund, expenditures are made in accordance with MnCUN’s strategic plan and upon recommendation by public affairs consultants, committee members and/or the MnCUN Board. In 2014, Awareness fund dollars supported:
There are young leaders at credit unions all across Minnesota, some whom are part of MnCUN’s young professionals group The Crew. We need you to share your skills and ambitious attitude as a Crew Ambassador!
Crew members can apply to be the 2015 Crew Ambassador and receive exclusive leadership and career development opportunities.
Through The Crew Ambassador Program, one individual, age 35 and younger, from a Minnesota credit union will be selected to serve as a leader for his or her peers who are part of The Crew. The Crew Ambassador will have the unique opportunity to grow personally and professionally through various leadership development experiences, as well as the chance to represent The Crew and other young credit union professionals in Minnesota by applying for a scholarship to attend CUNA's Governmental Affairs Conference.
The 2014 fundraising year for Minnesota Credit Unions for Kids (MnCU4Kids) is quickly coming to a close. All donations raised throughout the year must be received by the Minnesota Credit Union Foundation by Friday, Dec. 19. These funds will then be forwarded to Gillette to meet the year-end deadline.
Send in your contributions today to help MnCU4Kids reach its goal of raising $200,000 in 2014. When sending in donations, be sure to include the MnCU4Kids Reporting Form. Please forward all funds to:
Minnesota Credit Union Foundation
Checks should be made payable to the "Minnesota Credit Union Foundation” with "MnCU4Kids” written in the memo line.
With questions about MnCU4Kids, contact committee co-chairs Dave Engler of Hiway Federal Credit Union by email or at (651) 325-4144 or Brianne Meszaros of Royal Credit Union by email or at (952) 465-0909.
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 Director of Communications Connie Kuhn.