The Pulse | March 2019

THE PULSE ARCHIVE

CREDIT UNIONS IN THE NEWS

GOVERNMENTAL AFFAIRS NEWS 🔒

REGULATORY COMPLIANCE NEWS 🔒

March 27, 2019

Network News

Connect with Fellow Attendees with the New MnCUN Annual Conference App

 

If you are attending the 2019 Annual Conference, you will be able to utilize the app to meet other attendees, build your personal schedule, talk to the other attendees and access conference materials. The app can be accessed via a mobile device or desktop computerMORE

 

Have Your Voice Heard: Respond to the Performance Survey

As the trade association for Minnesota credit unions, our role is to help the industry grow market share through Leadership, Advocacy, Awareness, Regulatory Relief, Professional Development, and Strategic Partnerships. Now is your opportunity to provide feedback to the Network staff and Board of Directors on our performance in 2018. MORE


News from Minnesota’s Credit Unions

 

Check out 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 Julia MillerMORE

 

Member Tips on How to Avoid Falling Victim from an IRS Tax Scam

 

Thousands of people have lost millions of dollars and their personal information to tax scams. The attacks tend to increase during tax season and remain a major danger of identity theft. Often the scams come in the form of fake emails, text messages, websites and social media cleverly disguised to look like it’s from the IRS, and either promises a big refund or appears to be threatening in a request to obtain money. MORE

 

MnCUN-backed Bill Moving Through the Legislative Process

 The Network-sponsored bill regarding credit union mergers/conversions passed the House Commerce committee unanimously last Tuesday. MORE 🔒

 

Class Action Lawsuit Over Fees Filed Against N.Y. Credit Union

 

In Susan Roy v. ESL Federal Credit Union, a plaintiff is alleging the credit union violated its account agreement in several ways. MORE 🔒

 

 

FFIEC Releases 2019 HMDA Guide

 

The Federal Financial Institutions Examination Council (FFIEC) recently released the 2019 edition of its “Guide to HMDA Reporting: Getting It Right!” The 2019 edition was updated for changes to HMDA stemming from the Economic Growth, Regulatory Relief and Consumer Protection Act and the 2018 HMDA interpretive and procedural rule issued by the CFPB. The guide is available on the FFIEC’s website. 🔒

 

House Considers Bill Allowing Marijuana Banking

 
The House Financial Services Committee is in the process of marking up the Secure and Fair Enforcement (SAFE) Banking Act (H.R. 1595). MORE 🔒

 

Register now for the Branch Operations P2P - May 2

 The Branch Operations P2P group, started in 2018, will shift gears from last year's conversation. We know credit unions thrive on providing products and services for members' consumer needs, but what about our member businesses? MORE

 

March 20, 2019

Network News

Prominent Speakers to Present at the 2019 MnCUN Annual Conference      

Designed to provide timely and relevant education and training, along with a healthy dose of entertainment, the Minnesota Credit Union Network Annual Conference boasts a schedule full of quality speakers. MORE

 

Open Your Eyes To A Credit Union® Campaign Delivering Positive Results 

 After a month in market, the Open Your Eyes to a Credit Union® campaign is delivering positive results. MORE

 

Your Membership Further Webinar kicks off tomorrow, March 21

It’s not too late to join the Minnesota Credit Union Network's first quarterly Your Membership Further webinar! To register, please visit the event page on our calendar or go here to sign up right away. MORE

 

Minn. Credit Unions Advocate for the CU Difference in Washington D.C.

Over 100 credit union professionals and volunteers, representing over 30 credit unions, attended the Credit Union National Association’s (CUNA) annual Governmental Affairs Conference to share a unified message with their members of Congress. MORE 🔒

 


Register now for the Innovation P2P on Wed, April 3

Innovation in the financial space can mean something different, depending on your business, your focus and your target. MORE

 


Celebrate Youth Month and Engage Your Youngest Members and Their Families

This April, your credit union can celebrate National Credit Union Youth Month and encourage your youngest members to get into the savings habit early. MORE

 


Beyond IT: How to Create an Organization-wide Cybersecurity Culture

Employees may unintentionally cause data breaches by clicking on a phishing email or inadvertently downloading a malicious document or access a link on their work computer that allows hackers access to your system. MORE

 

March 13, 2019

Network News

Consumer Survey Results Provide Insights for Targeted Marketing

The Minnesota Credit Union Network worked with Fluence Media and American Strategies in January to ask 500 Minnesotans a series of questions to gauge their attitudes about and knowledge of credit unions and current issues. MORE

 

Minnesota Credit Union Foundation Providing Financial Counseling Certification

The Enhanced Financial Counseling Certification Program (FiCEP) is a unique partnership between the MnCU Foundation, CUNA's Center for Professional Development (CUNA CPD), and cu.difference, to train staff in professional financial counseling to help members better prepare for their future and assist when they are faced with financial difficulties. MORE

 

Over 100 Credit Union Professionals and Volunteers, Representing Over 30 Credit Unions Attend The 2019 CUNA GAC

The 2019 CUNA Governmental Affairs Conference isn’t over yet and expect a recap in next week’s Pulse. MORE 🔒

 

Marketing & Business Development P2P: Talk Shop at Indeed Brewing

In the financial industry, credit unions are unique in that we are locally-based, member-service driven, and cooperative with one-another. However, another industry that has seen massive growth in recent years shares many similar traits with credit unions – craft breweries! MORE

 

Reminder: Application deadline for Women’s Leadership Network Mentorship Program this week

MnCUN is piloting a brand-new Mentorship program in partnership with the Women’s Leadership Network. The program is designed to build, grow, and support professionals and inspire commitment to a career in the credit union movement. MORE

Credit Unions for Kids Invites You to Be a Rock Star at the 2019 Annual Conference

The Minnesota Credit Unions for Kids committee invites you to participate in their annual fundraiser at the MnCUN Annual Conference featuring Hurricane Karaoke! MORE

 

Support Scholarships for Members through the Annual Foundation Scholarship Committee Silent Auction

Please join the Minnesota Credit Union Foundation Scholarship Council (FSC) at the 2019 Silent Auction; to be held April 25-26 at the Radisson Blu Mall of America in Bloomington.  As a signature event of the Minnesota Credit Union Network’s Annual Meeting & Convention, hundreds of credit union employees and their affiliates will bid on auction items.  MORE


March 6, 2019

Network News

Your Membership Further Webinar Series Kicks Off Mar. 21

Join the Minnesota Credit Union Network's first quarterly Your Membership Further webinar on Thursday, March 21. The Your Membership Further webinar series is an opportunity for you to learn updates on the state of the credit union industry, as well as hear the latest efforts by the Network to advocate, educate, inspire and connect. MORE

 

Follow the CUNA GAC Crasher Experience on Instagram

Carissa Rothstein of Affinity Plus Federal Credit, Minnesota’s Crasher attending the GAC 2019, will share the experience by taking over the Minnesota Credit Union Network’s Instagram page starting Saturday, March 8. MORE

 

Update Your MnCUN Notification Preferences

Credit unions need to be aware of industry trends to best serve their members. Whether it is legislative news or upcoming regulatory changes, MnCUN provides several publications to keep you and your team informed. To ensure you receive the most up-to-date and relevant information, please take a moment to update your profile online. MORE

 


MnCUN-sponsored Legislation Passes Out of Senate Committee; Hearing for House Scheduled

The Network’s bill to amend state statutes regarding mergers and conversions from federal to state charters (H.F. 1578/S.F. 1703 ) passed out of the Senate Commerce Committee and onto the floor for a vote by the full Senate. MORE 🔒

 


Court Grants Preliminary Approval of Settlement in Wendy’s Data Breach Lawsuit

On February 26, a U.S. District Court granted preliminary approval of a proposed settlement in First Choice Federal Credit Union v. The Wendy’s Company, the lawsuit brought by Credit Union National Association (CUNA), Leagues and credit unions affected by the 2016 Wendy’s data breach. MORE 🔒

 

Elder and Vulnerable Adult Abuse Prevention for BSA Officers

Join us for a special, expanded P2P session with an extended timeframe. Starting with a morning session, Paul Talbot, investigator for Anoka County, will share insights on vulnerable adult financial abuse, including information on the Minnesota Adult Abuse Reporting Center, training under the Senior Safe Act and member privacy issues. MORE

 

Minnesota Credit Union Foundation Scholarship Council (FSC) Names 2019 Scholarship Recipients

After reading through over 800 applications, the FSC has named its scholarship recipients for 2019. A total of $12,000 in scholarships was awarded to 10 credit union members for the 2018-19 school year. MORE

 

Convert Community Members to CU Members

The trend to buy local is a movement that continues to gain steam. Your credit union is an important business in your community so get your credit union local exposure with Gas Station TV (GSTV). MORE

 

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

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