The Pulse
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A partnership between the Minnesota Credit Union Network and Coopera Consulting has produced a report outlining opportunity for multicultural membership growth for Minnesota credit unions. The report is available to view on the Member Portal Publications Page (log in required.)
Debuted at Accelerate 21, Minnesota Credit Union Network members now have access to the Minnesota Multicultural Growth Opportunity Report. The report highlights the economic and demographic dynamics of underserved and marginalized communities of color in the state. It also highlights the opportunity for membership growth and unique characteristics of the leading underserved markets. Coopera is nationally recognized within the credit union industry as a resource for underserved market growth. Formerly a Hispanic-focused company, Coopera has recently evolved to include many of the growing multicultural segments in the U.S. Coopera leads the way for diversity, equity and inclusion initiatives in the credit union space and partners with several Leagues across the country. This report and partnership with Coopera plays a part in the Minnesota Credit Union Network’s mission to ensure the growth and vitality of Minnesota credit unions, as well as to support diversity, equity and inclusion (DEI) initiatives within the credit union movement. As we celebrate Thanksgiving this week, the entire MnCUN staff would like to thank each and every member for supporting the credit union system. Our continued success as a movement depends on our ability to work together to achieve our goals. It’s what we do together that sets us apart and advances the movement.
We are grateful for the support and trust of our members and are pleased to share the following testimonials: “I’m a huge fan of our Network-inspired and led goal of introducing credit union services to 50% of all Minnesotans by 2030. I’m personally in this industry because of the impact we have on the individuals and communities we each serve. I can think of no other that leverages the collaboration and cooperation like credit unions. It’s an honor to be part of the Minnesota Credit Union Network and working towards this goal with all of my colleagues around the state.” -Frank Weidner, President and CEO of Wings Financial Credit Union “The Minnesota Credit Union Network is the voice of credit unions of all sizes, helping to make a positive difference for our members and industry. Belonging to the Network provides all levels of our team a variety of centrally located resources to support our day to day and ongoing initiatives. My staff has had the opportunity to serve on various committee and board seats, which has helped create leaders of our credit union. MnCUN also supports and recognizes both individual and credit union accomplishments, which encourage others to engage for the greater good. Centricity Credit Union values our membership for the collaboration platform, advocacy and professional development it provides.” -Doug Ralston, CEO, Centricity Credit Union "As a new credit union CEO, I have found MnCUN to be a valuable resource for me in many ways. The CEO Forum and Small CU Partners group are a wonderful way for me to connect with other credit union CEOs especially during COVID. The Friday Updates, Legislative Updates and other communications are a great way to stay up to date on current issues. The MnCUN Grant program has been a big financial help for us so we could increase the training opportunities for our staff. I am grateful for all MnCUN does to support Credit Unions in Minnesota." -Maureen Daehn, President of Catholic United Financial Credit Union Thank you all for your continued support of the Network and the credit union system. Together we are stronger!
Credit Unions Honor Colleagues during Awards Breakfast
Board Member Karen Fleming, HBI Employees CU, was presented with a gavel in honor of her contributions. Karen Fleming served as board chair from 2019 - 2021. The Outstanding Credit Union Direct of the Year Award honor was awarded to Douglas Cooke, Duluth Fire Department Credit Union. This award is to a credit union member who best represents the credit union spirit through dedication to, and belief in, the credit union movement. The Professional of the Year Award is given to a remarkable person who truly stands behind the “people helping people” credit union philosophy. This year, the Minnesota Credit Union Network’s honoree for Outstanding Credit Union Professional of the Year Award went to Chuck Albrecht, President/CEO of Mid Minnesota Federal Credit Union. Additionally, the Foundation Scholarship Council honored Angela Mattson, Minnesota Catholic Credit Union, with the Volunteer of the Year Award and the Minnesota CU4Kids Committee recognized Megan Primeau, TruStone Financial Credit Union with its Volunteer of the Year Award. Video tributes of each of the award winners are available on the Minnesota Credit Union Network’s website and a recording of the Awards Breakfast is available to members to view on the Portal Publications p Last Friday, the US House passed the Biden Administration’s Build Back Better bill. The IRS reporting provision WAS NOT included in this version, marking a tremendous victory for credit union advocacy. The bill will now move to the Senate, where it is expected to undergo significant revisions and will most likely come back to the House for a vote looking very different than it does now. MnCUN will continue to monitor the bill’s progress and keep up our communications with our Minnesota Senators but we’re cautiously optimistic that the IRS reporting provision is effectively dead.
Thank to our credit union advocates for voicing opposition on this issue. Please join us for a webinar on Monday, December 13, 2021 from 1 – 2pm, to review the analytics from the 2021 campaign, hear our most recent ad recall poll results, and learn more about what’s coming next in 2022. We will be joined by Christopher Lorence of CUNA Awareness, and Blois Olson of Fluence Media.
The Awareness program has achieved fantastic results, and we’re already building on that success towards an even brighter future. New consumer-focused website, new credit union locator, and brand new customizable marketing materials focused on elevating the credit union difference and driving consumers to take action to join a credit union. We are excited for the next phase of this incredibly important initiative, and we THANK YOU for your continued support! Check out this preview video debuted at Accelerate 21. The webinar is free although we ask that you please register. The session will be recorded. With questions, please contact Andrea Molnau, VP Communications & Engagement at amolnau@mncun.org.
The Baker Group’s Interest Rate Risk and Investment Strategies Seminar was developed specifically for managers of financial institutions. Designed to meet current financial challenges, it is an in-depth examination of topics including:
Date: Tuesday, November 30, 2021 Location: JW Marriott Minneapolis, Mall of America, 2141 Landau Lane, Minneapolis, MN 55425 Agenda: Breakfast 7:30 am Seminar 8:30 am Lunch 12:00 pm Conclusion 4:00 pm Who Should Attend: Financial institutions’ CEOs, CFOs, investment officers, board members, and those who are directly or indirectly responsible for financial management functions will benefit from this seminar. There is no cost for this seminar. The Foundation Scholarship Council (FSC) annual scholarship program is accepting applications through November 30, 2021 with recipients being announced in March 2022.
This year the council will be awarding $16,000 which includes eight $1,000 scholarships to traditional applicants and eight $1,000 scholarships to non-traditional applicants. Any member of a Minnesota Credit Union Network affiliated credit union pursuing post-secondary education in the fall 2022/spring 2023 OR is a high school senior graduating in 2022 is eligible to apply. Applications are accepted online with a submission deadline of November 30, 2021. Applicants are asked to answer the following essay question: How did the way you interact and communicate with businesses change during the pandemic and what would you like to see continue in the future? From these experiences what suggestions do you have for your credit union? The Foundation Scholarship Council (FSC) is a committee of the Minnesota Credit Union Foundation. The FSC strives to build credit union brand awareness and strengthen member relationships through their scholarship program. Since its inauguration in 1997, the FSC has awarded over $200,000 in scholarships to Minnesota credit union members. With questions about the scholarship program, contact the FSC.
Covid-19 Safety Guidelines
MnCUN is committed to the wellbeing of all attendees, guests, sponsors, speakers, and staff as we return to in person events. See the current Covid-19 guidelines and Health Attestation policy. Social Have something to share about the event? We’ll be using #ACCELERATE21 on social media. Be sure to follow MnCUN on Facebook (@MinnesotaCreditUnions), Twitter (@mncreditunions), and Instagram (@mncreditunions). Event App Attendees will have exclusive access to the conference mobile app, which will include schedules, speaker and session details, attendee engagement and information about our supporting partners! This is also where we will post speaker presentations and surveys. Download the app by visiting the app store and searching for the "Minnesota Credit Union Network." |
The PulseThe Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. Archives
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