![]() MnCUN is pleased to welcome Amy Downs as our keynote speaker for LEAD 24 – MnCUN’s Fall Leadership Conference. Amy survived a bomb exploding in the building of the credit union where she was working, which killed 168 people, including 18 of her 33 co-workers. Today, she is President and an award-winning CEO of that same organization. Allegiance Credit Union has grown by 400% and is thriving. Drawing on her recently released book "Hope Is A Verb," Amy is excited to share how leaders can respond to a crisis in a way that will make your organization come out even stronger than before you went in. Additional general session topics will include: The War on Talent; Future Needs of the Members; and an Election Update. Breakout sessions will include a Board of Directors Hot Topic session along with our 2023/2024 Trailblazers presenting their Credit Union Case Studies. We hope you can join us at Madden’s on Gull Lake in Brainerd, September 24 - 26. LEAD 24 will focus on all things Leadership, featuring industry experts providing insight and relevant information on top credit union issues. Sessions throughout the event are designed for both credit union professionals and board members. With educational sessions and recreation opportunities, this event provides an opportunity to come together in person with your credit union colleagues for a conference of learning, networking, and fun! Registration and Sponsorship opportunities are now open. See our LEAD 24 Conference page for more information. There are two opportunities this week to share the credit union advantage and support credit union causes. Tomorrow, July 25 is Miracle Treat Day! $1 or more from every Blizzard® Treat sold at participating DQ® locations will benefit Children’s Miracle Network Hospitals. Through these donations, our local CMN Hospital, Gillette Children's can fulfill their mission to provide treatments and support patients desperately need today, so that they can fulfill their potential for tomorrow! Credit Unions for Kids is a nonprofit collaboration of credit unions, chapters, leagues & business partners from across the country, engaged in fundraising activities that benefit 170 Children’s Miracle Network Hospitals. As our adopted charity of choice, credit unions are the 3rd largest sponsor of CMN Hospitals. Find Participating locations! ![]() This Friday, July 26, the credit union movement will come together to inspire authentic and high-energy conversation about why we love our credit unions under the common hashtag, #ilovemycreditunion. Here's a quick reminder on how you can make the most of #ILoveMyCreditUnion Day:
Participating in Miracle Treat Day and I Love My Credit Union Day is a fun, high impact way to increase engagement and share the Credit Union Advantage.
NCUA Board Keeps Interest Rate Ceiling: On July 18, the National Credit Union Administration (NCUA) Board met and decided to keep the interest rate ceiling at 18% effective for the next 18 months from September 11, 2024 to March 10, 2026 (same interest rate ceiling since 1987) and rejected proposals for a floating interest rate ceiling.
Proposed Rule Changing Anti-Money Laundering and Financing of Terrorism Requirements: On July 19, the National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), Department of Treasury, and Board of Governors of the Federal Reserve published a proposed rule seeking comment on amending the requirements that each agency issued for Bank Secrecy Act (BSA) to establish, implement, and maintain effective, risk-based and reasonably designed Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Programs. CFPB Announces Interpretive Rule for Cash Advances on Earned Wages: On July 18, The Consumer Financial Protection Bureau (CFPB) today proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. Labor Law Amendments for Minnesota: On July 19, the Department of Labor and Industry (DLI) provided an update on what employers and workers should know about updates to labor laws that might affect your workplace, including law changes that go into effect Aug. 1. Ahead of the graduation of this year's cohort of MnCUN’s Trailblazers Executive Readiness Training program in September, we will be highlighting the credit union professionals participating in the third year of the program. MnCUN’s Trailblazers Executive Readiness Training program is a 12-month program is designed to accelerate executive-level leadership skills and build credit union-specific knowledge needed to succeed in our industry. The cohort meets the second Thursday of the month for 12 months –virtually and in person – providing participants the opportunity to build a close network of colleagues. The program runs September - September. The deadline to apply for the next cohort is July 26, 2024. ![]() Sarah Kuesel, Senior Manager of Remote Services, Affinity Plus Federal Credit Union Why have you chosen a career in credit unions? I very intentionally moved from a career in private banking to a credit union. Knowing that I work for an organization that prioritizes member needs over profits is incredibly important to me as it aligns with my own core values as a financial professional. I find it incredibly fulfilling to be able to work in such a member focused environment, and haven't looked back since joining my credit union family! How do you think the Trailblazer program will impact your career? The Trailblazer Program has expanded my understanding of credit union operations in areas I was previously unfamiliar. It has also helped me grow stronger in areas in which I was already familiar by giving me a new perspective. I am taking away new strategies for team management and project leadership as well as a stronger understanding of strategy when it comes to compliance and risk management. I've truly enjoyed the personal growth in both knowledge and perspective. This growth will certainly impact my performance and abilities moving ahead, allowing me to continue to grow in my career. What have you enjoyed most about the program? I have truly enjoyed the material covered in this program. I valued the time many professionals gave to the students in this program as guest speakers, sharing their expertise and giving us a much broader perspective on both the possibilities and responsibilities of credit unions today. And of course, I've truly enjoyed building relationships with other credit union professionals I would have never otherwise met. I've learned as much from them as I have from the materials and speakers. It's been a wonderful experience. T.J. Trembley, Director of Mortgage Services, City & County Credit Union Why have you chosen a career in credit unions? I have always been in the mortgage industry in one capacity or another. When I started looking into the options available in the credit union world I was learning that it's one big family that enjoys collaborating and growing together and that appealed greatly to me. It's been a breath of fresh air. How do you think the Trailblazer program will impact your career? The Trailblazer program has helped me build my credit union specific knowledge and opened my eyes to how much more there is to gain and grow within my role and the greater credit union space. What have you enjoyed most about the program? Networking, collaboration and growth. Those are the three things I love about the credit union world. The trailblazer program has built a great platform to encourage and foster this for my peers, credit union, and team. Dixon Irwin, Data Analyst, Red Wing Credit Union Why have you chosen a career in credit unions? Red Wing Credit Union was a fit in many ways. Red Wing was where I was born and raised, and I saw it as an opportunity to help the community I grew up in. I've learned a lot about how a Credit Union truly helps their members and I'm happy I can be a part of that in my hometown. After interning here in college and I knew RWCU was going to be a great fit for me. How do you think the Trailblazer program will impact your career? The Trailblazer program will impact my career in many ways. Most importantly, I believe that it has introduced me to the network of wonderful people that work in Credit Unions around our state. The program has also given me insight into becoming a more well-rounded thinker when it comes to all the different facets of our organization. What have you enjoyed most about the program? I've enjoyed this program a lot. As mentioned before, the connections made here are fantastic! We all have different professional backgrounds and different viewpoints on our program's topics coming from institutions of different sizes. I've enjoyed the expertise that was brought in to lead our discussions throughout the year as well. Michael Brine, Branch Manager AVP, TruStone Financial Credit Union Why have you chosen a career in credit unions? I love how Credit Unions put their members and employees first. I previously worked for a "Big Bank". I have seen firsthand the drastic difference in cultures between Credit Unions and Banks. I know that we want what is best for our members, truly care about them and want to help them achieve financial success. How do you think the Trailblazer program will impact your career? This program has helped give me a holistic view of how Credit Unions operate outside my current role. Credit Unions are great at supporting each other while being competitors at the same time. I believe the knowledge I have learned during this program in addition to the connections I have made will help set me up for success in my career. What have you enjoyed most about the program? I have enjoyed learning more about the similarities and differences at other Credit Unions and also the connections I have made with other MN Credit Union Employees. The National Credit Union Foundation has $173,000 in available funding for credit unions of any asset size that have a desire to build programs designed to support children in foster care by establishing basic knowledge in budgeting, credit, and banking solutions.
Eligible credit unions will have the ability to open savings and checking accounts for this demographic while also providing timely financial education and well-being information for youth in preparation for aging out of the foster care system. Credit unions can apply by using this link: www.grantinterface.com/Home/Logon?urlkey=ncuf The deadline for applications is the close of business on Tuesday, August 20, 2024. Additional information can be found on the Foundations website: https://www.ncuf.coop/ Farm Credit Employees Federal Credit Union Honors Brian Lueth with a Credit Union Builder Award7/23/2024
![]() The Minnesota Credit Union Foundation (MnCUF) and Farm Credit Employees Federal Credit Union are proud to recognize Brian Lueth with a Credit Union Builder Award. Brian retired after 39 years of serving as President/CEO/Vice President of Farm Credit Employees Federal Credit Union. Brian has dedicated his career to serving the employees and families within the AgriBank district, and during his tenure, assets of the credit union grew from about $600,000 to over $18 million today. Created in 2008, the Credit Union Builder Award honors an individual’s dedication to the success, growth, and vitality of the not-for-profit financial movement in Minnesota. Dedications are typically made at a time of significance to acknowledge an individual’s contributions to credit unions. There are nearly 100 individuals that have been designated as Credit Union Builders since the award's inception. The names of the recipients and the contributing credit unions are permanently displayed in the Minnesota Credit Union Network’s lobby as a tribute to those who have dedicated time and energy to building the credit union movement. The Minnesota Credit Union Network’s Board of Directors represent the interests of credit unions of all sizes 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.
During last week's board meeting, Aaron DeJong of Red Wing Credit Union was appointed to the vacant MnCUN Board of Directors seat and Mary Matheson, Wakota FCU was appointed to serve as the Board representative on the Foundation Board. Several topics were discussed including the TruLync Medicare Advisors mid-year update, Tristate Collaborative LLC, update, advocacy update, and the upcoming Board Strategic Planning session. The Minnesota Credit Union Network is aware of radio and social media ads that antagonize credit unions and their tax status.
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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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