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As a member of MnCUN, you have the support of the only trade association that champions Minnesota Credit Unions. We ensure credit union priorities are front and center as we advocate, accelerate, collaborate, and celebrate Minnesota's thriving credit union system. We have ideas to further engage your credit union and maximize your membership - including professional development and training, strategic products, compliance, and news updates. Advocate>>Collaborate>>Save the Date for MnCUN Signature Events:
Get involved in a networking or specialized professional development program: Accelerate>>
Join the Year Ahead with MnCUN WebinarPlease join us on Wednesday, January 15th, at 11 a.m. for a virtual presentation from Minnesota Credit Union Network staff on legislative and regulatory priorities, events and initiatives, and updates credit unions can look forward to in 2025.
This event is free, however, please register to receive webinar details. With questions, please contact Director of Engagement, Xiong Lee or VP of Communications & Engagement, Andrea Molnau, via email. As we strive to continually improve our services and support our members, we invite you to participate in MnCUN's Annual Performance Survey.
In the past year, we have introduced several new initiatives aimed at enhancing member benefits and services. We are particularly interested in your feedback on these and your priorities for the upcoming year. The survey is designed to be brief and should take about 10 minutes to complete. Please complete by Jan. 31, 2025. Thank you for your time and input! If you have any questions, feel free to reach out to Andrea Molnau, VP Communications & Engagement. Today, the Minnesota Credit Union Network (MnCUN) joined 17 credit union leagues and associations in filing an amicus brief in support of America’s Credit Unions’ recent federal lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final rule that sets a fee cap on overdraft protection programs. Collectively, leagues and associations that filed the amicus brief represent 3,237 credit unions and 105,000,000 credit union members.
The amicus brief highlights the significance of credit unions’ unique member-owner relationship that is fundamental to their mission of serving their communities. The CFPB’s final rule focuses on calculating costs and assessing fees, failing to account for credit unions’ unique capital and operational realities. The final rule was developed with data from five financial institutions that does not represent the diversity of the financial services industry. “Many consumers chose overdraft protections as a financial service and credit unions are providing that option transparently in response to the needs of their members. Existing regulations ensure overdraft protection products do not cause unnecessary consumer harm," said MnCUN President and CEO Mara Humphrey. “The CFPB’s finalized rule disregards decades of precedent set by the Federal Reserve Board and they have overstepped their statutory authority by classifying overdraft services as credit under the Truth in Lending Act, completely failing to consider the broader economic and operational impacts of the rule. Ultimately, the rule threatens to reduce access to financial services in rural areas and underserved communities which directly goes against the mission of credit unions.” Contact MnCUN Chief Advocacy Officer Ryan Smith with questions. CFPB Final Rule On Medical Bills: On January 7, the Consumer Financial Protection Bureau (CFPB) finalized a rule removing medical bills from credit reports that will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.
NCUA Unified Agenda: The National Credit Union Administration (NCUA), Financial Crimes Enforcement Network (FinCEN) and the Consumer Financial Protection Bureau (CFPB) released their Fall 2024 Unified Agenda of Regulatory and Deregulatory Actions with potential timelines for upcoming agency actions.
We are thrilled to announce some exciting updates to our Peer-to-Peer programming. Introducing “CU Connect” for 2025! These sessions will be held virtually twice a year, once in the spring and once in the fall. Each session will feature a MnCUN staff member to facilitate discussions on topics relevant to your credit union’s needs and specialty area.
This new format aims to continue fostering cooperative networking and idea exchange among credit union professionals. It also provides your teams with the opportunity to dive into important topics, sparking deeper conversations within your credit union. There is no cost to attend these sessions. Sessions will take place from 1:30-2:30 p.m. virtually. Below are the different CU Connect Groups. Please watch for registrations to come. CU Connect Groups:
All are invited to join the Women's Leadership Network's annual celebration event on Tuesday, Jan. 14, from 3:00-6:00 p.m. at the Gnome Craft Pub in St. Paul.
Guest Speaker: We are thrilled to welcome back Lisa Hayes, who will provide practical tips and action steps for goal setting in the New Year. Give Back Opportunity: We'll be conducting a professional clothing drive for Dress for Success Twin Cities. Please see the following page for details on suggested and acceptable items: Donate Clothing. Monetary donations are also accepted online. Date: Tuesday, January 14 Time: 3:00 - 6:00 p.m. Location: The Gnome Craft Pub 498 Selby Ave St. Paul, MN 55102 Cost: $69 The afternoon will also include insightful conversation and networking, celebrating the accomplishments of the Women’s Leadership Network in 2024, and looking ahead to the New Year. An appetizer reception is included with your registration. For more information about the Minnesota Credit Union Women’s Leadership Network, visit the group page. With questions, contact Vice President of Communications and Engagement Andrea Molnau. We are excited to share the upcoming launch of credit union legal services in early 2025!
CU Law Partners, a new law firm founded in partnership with MnCUN General Counsel, Dan Le, will offer affordable and expert legal representation specifically tailored to meet the unique needs of credit unions. Services will be customizable through an exclusive marketing agreement with MnCUN. This marks the start of an exciting new chapter for Minnesota credit unions, and we look forward to providing valuable legal support to help you navigate any challenges that may arise. Stay tuned for more updates as we approach the official launch! The Minnesota Credit Union Network Marketing Awards acknowledges the outstanding programs credit unions have created to grow brand awareness and market to members and nonmembers alike.
Congratulations to the recipients of the Minnesota Credit Union Network Marketing Awards! This year's competition was exceptionally strong, with many outstanding entries. The judges noted that Minnesota has a wealth of talented credit union marketers creating outstanding initiatives and campaigns that share the credit union advantage broadly! Award recipients will be recognized during ACCELERATE 25, April 21-23 at Mystic Lake. Complete Campaign Less than $100 million Federated Employees Credit Union Youth Month Grand Slam Offer $100 million to $250 million Northwoods Credit Union Mastercard Debit Card Conversion Campaign $500 million to $1 billion Ideal Credit Union Get to Know Ida, Ideal's New AI Assistant More than $1 Billion Royal Credit Union 60th Anniversary Campaign Design Less than $100 million Federated Employees Credit Union FECU 90th Logo $500 million to $1 billion Ideal Credit Union Designing for the Future - Introducing Ida - Ideal's AI assistant $100 million to $250 million Associated Healthcare Credit Union Digital Marketing Advertising Award Submission More than $1 Billion City & County Credit Union Think Pink Digital Advertising Less than $100 Million Federated Employees Credit Union Celebrate Everyday Social Media Campaign $100 million to $250 million Associated Healthcare Credit Union Digital Marketing Advertising Award Submission More than $1 billion Wings Credit Union Mortgage Loyalty Discount Offer Engagement & Outreach Less than $100 million Federated Employees Credit Union Skip A Payment $100 million to $250 million Associated Healthcare Credit Union Engagement/Outreach Marketing Award Submission $500 million to $1 Billion SouthPoint Financial Credit Union Bring Hope To Those In Need More than $1 Billion City & County Credit Union My Cause, My Credit Union Video $100 million to $250 million North Star Credit Union Star Explores Her Roots $500 million to $1 billion SouthPoint Financial Credit Union Make Money Moments More than $1 Billion Royal Credit Union Money Donuts Podcast Video Series |
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