Nearly 500 credit union professionals, board members, and exhibitors will begin gathering at the Mystic Lake Center in Prior Lake for ACCELERATE 24. The theme for Minnesota Credit Union Networks annual conference is "Driving Innovation and Growth for Credit Unions," and speakers include: Jim Nussle, CEO of America’s Credit Unions, Kurt Stevenson, Senior Vice President of Payments, of Alloya Corporate Credit Union, and Kris Williams, CEO of the Federal Home Loan Bank, Susan Hochsprung, Vice President Sales at TruStage will join our opening general session.
Attendees can access schedules and speaker biographies by downloading the MnCUN app. Once the app has loaded, tap the “More” button at the bottom of the screen, and then click “Events” to access the Accelerate Conference. Fluence Media and American Strategies shared the results of the biennial public opinion poll conducted in March 2024 in a webinar last week.
The poll is designed to better understand Minnesota consumers’ perceptions of financial institutions and gauge their attitudes and knowledge about the advantage of credit unions. The study tested both attitudinal trends and public affairs opinions. Visit the Member Portal Publications page (login required) to view the recording and access the slide deck. CFPB Spring 2024 Supervisory Highlights: On April 15, the Consumer Finance Protection Bureau (CFPB) released its Spring 2024 Supervisory Highlights in connection with findings from examinations for credit reporting and furnishing completed from April 1 – December 31, 2023.
FinCEN Notice On Counterfeit Passports for Fraud at Financial Institutions: On April 15, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) released a notice to financial institutions on fraud schemes related to the use of U.S. passports. FHFA Advances Implementation of FHLBank Report Recommendations: On April 3, the Fair Housing Finance Agency (FHFA) released an update on implementation of recommendations for the Federal Home Loan Bank (FHLBank) report published in November. In Congress, Maria Cantwell (D-WA), and Cathy McMorris Rodgers (R-WA) introduced a bill called "the American Privacy Rights Act." It aims to give consumer more control over their personal data, including the right to opt out of certain data practices.
The second Peer-to-Peer (P2P) will be focused on Credit Card Fraud. MnCUN General Counsel Dan Le and Director of Compliance and Audit Services Becky Frederick will virtually present on this topic. This educational session will highlight the following key aspects on how this may affect credit unions.
We hope this new format continues to provide credit union professionals the opportunity to participate in cooperative meetings to network and exchange ideas; and provides your teams the opportunity to learn about pertinent topics that prompts additional conversations at your credit union. Stay tuned for further announcements and updates! For a list of all P2P sessions, visit our Peer-to-Peer (P2P) webpage. With questions, please contact Director of Engagement, Xiong Lee, by email. The Minnesota Credit Union Foundation is proud to launch a new grant offering to assist small credit unions. The Technology Assistance Grant is intended to support credit unions with assets of $100 million or below with technology projects to help the credit union thrive and grow. Applications will be accepted throughout the year, and grants amounts are a maximum of $10,000 or 50% of the total project cost, whichever is less. Grant Purpose examples include:
For more details or to apply, visit Technology Assistance Grant Application - Minnesota Credit Union Network (mncun.org) The Minnesota Credit Union Network again worked with Fluence Media and American Strategies in March 2024 to conduct our biennial public opinion poll. The poll is designed to better understand Minnesota consumers’ perceptions of financial institutions and gauge their attitudes and knowledge about the advantage of credit unions. The study tested both attitudinal trends and public affairs opinions.
Please join us for a webinar to hear key findings and look at the results, trends, and perceptions Minnesotans have about credit unions on Thursday, April 11 at 10:00 am. The webinar is free but we ask that you please register. On April 1, the Minnesota Credit Union Network, America’s Credit Unions, and numerous financial services trade associations filed their objections to the Consumer Financial Protection Bureau’s (CFPB) proposed rule to require more transparency and prevent NSF fees on ‘courtesy’ overdraft credit protection services by ‘very large institutions’.
Congress is back in session this week after a two-week Easter break, with the Senate Banking Committee holding two hearings and the House Financial Services committee meeting once.
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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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