 Last week, over 40 credit union professionals from credit unions all over the state participated in a National Credit Union Foundation "Exploring Why" workshop. The program provided attendees a deeper understanding of the credit union difference, history, and cooperative principles, and how these connect to their own work in the credit union movement.
The program was sponsored by the Minnesota Credit Union Foundation in an effort to support professional development and community give back for credit unions. More resources can be found at www.ncuf.coop/ and www.mncun.org/foundation.
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.
In total, 76 individuals have been designated as Credit Union Builders over the past nine years. 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. Contact Andrea Molnau, Executive Director of the MnCUF with questions. Scholarships to cover registration fees for CUNA’s Governmental Affairs Conference are still available from the Minnesota Credit Union Foundation.
The GAC scholarship was created to provide financial assistance to credit union staff and/or volunteers who are members of the Minnesota Credit Union Network (MnCUN) and wish to participate in the premier event for political impact in the credit union industry. The event will be an interactive virtual format taking place March 2-4, 2021. More information about the conference line up is available at https://www.cuna.org/gac/. Young professionals and CREW members have additional opportunities to participate in the CRASH the GAC programing. Scholarship preference will be given to applicants who have not previously attended GAC and have shown engagement with MnCUN and credit union advocacy. Apply today. As a reminder, MnCUN membership renewal for 2021 is due on January 31. It’s important to us that you make the most of your membership with the Minnesota Credit Union Network. In 2021, we invite you to:
Advocate Support a favorable legislative environment by:
Collaborate Engage in professional development and the cooperative principle:
Accelerate Ease compliance worries and enhance product and service offerings to your members:
Renewal packets were mailed in early December. With questions, contact Chief Advocacy and Engagement Officer Mara Humphrey. To get involved further, contact Ben Hering, MnCUN Director of Engagement by email at [email protected]. Credit Unions in Minnesota make a powerful impact to their members and communities they serve. By providing more access to affordable financial services, credit unions help more Minnesotans own a home, build assets and pay for their children’s education.
In response to the pandemic, credit unions offered offered assistance to their members by offering skipped payments and loan extensions, emergency loans and waiving fees. Now is the time to share that message with elected officials during Credit Union Impact Week, starting next Monday, Feb. 1. How to get involved:
Visit the CU Impact Week Resource page for more information on how to participate all week long! President Joe Biden has named Todd Harper chairman of the NCUA. Outgoing Board Chair, Rodney Hood will remain as a Board Member. Harper was nominated and confirmed in 2019 and is the first NCUA Chair and Board Member to have previously served as a NCUA staff member.
"On behalf of Minnesota credit unions, I congratulate Todd Harper on his appointment to Chair the NCUA and thank Rodney Hood for his leadership," said Mark Cummins, President and CEO of the Minnesota Credit Union Network. "I look forward to working with Chair Harper in partnership as credit unions will be critical in the economic recovery." NCUA News Release CUNA Article Registration for the new MnCUN Data Education Program closes on Monday, February 1 - register soon to join the Minnesota Credit Union Network to fall in love with your data in less time and money!
Presented by Anne Legg, author of Big Data/Big Climb and Founder & CEO of Thrive Strategic Services, this data analytics education series offers tools and a forum for knowledge exchange to help key stakeholders fill knowledge gaps and launch their data journey with the assets they have at their credit union. MnCUN Data Education Program will be held this February 9, 22, 23 and 25, 2021 and is split up into seven courses with one morning session and one afternoon session each date. You do not need to be a data lover -- or even a math lover -- to leverage your data to improve the lives of your member. Any credit union leader, staff or volunteer is encouraged to attend; the only criteria to attend is that you want to improve your members lives. Dates: February 9,11, 23 and 25 Time: 9-10 a.m. and 1-2 p.m. each day Cost: $525 This event will be made only via webinar/conference call. Webinar and call in instructions will be provided to registered attendees. With questions, please contact MnCUN Director of Engagement Ben Hering by email or by phone at 651-288-5519. 2020 Compliance Year in Review & Checklist Available
CUNA released its annual Year in Review and Year in Review Checklist for compliance changes that took place in 2020. Summary of Proposed Rules Approved by the NCUA Board At its first meeting of 2021, the NCUA Board (Board) approved a proposed rule and an advance notice of proposed rulemaking (ANPR) regarding the risk-based capital (RBC) rule as well as a proposed rule on CUSOs. PolicyAid Quarterly Update Access to PolicyAid is a member benefit available to all MnCUN member credit unions. The policies are templates that should be revised by credit unions to fit their specific needs. The entire MnCUN staff would like to thank each member for supporting the credit union system. We truly value the important work you do every day for your members, which inspires us to advocate on your behalf to make that job easier. We are also humbled by the kind words we have recently received from several members about the value of being a member of the Minnesota Credit Union Network.
“Associated Healthcare Credit Union belongs to the MN Credit Union Network because they provide many products and services specifically aligned for credit unions. They are our voice in advocacy at a local and national level. They also provide critical updates within the credit union movement, industry information and trends, education and operational resources important to our business. It is important to have an organization that supports and works on our behalf, provides expertise in areas we are not specialized in, and allows us the time needed to oversee our credit union. In some areas, you are our life-line!” Theresa Malone, President Associated Healthcare Credit Union “At Ideal Credit Union, we see great value in the Minnesota Credit Union Network being our first responder at the Minnesota Capitol and in Washington DC partnered with CUNA. We rely on them to ensure our tax status is protected, the regulatory landscape is favorable for all credit unions to operate in, and the State and Federal chartering systems remain intact to give credit unions choice on how to best serve their members. When necessary, the Network mobilizes credit unions to work with legislators to ensure our message is heard, and the value we bring our membership is recognized.” Brian Sherrick, CEO Ideal Credit Union “During the pandemic, the value of the Minnesota Credit Union Network became even more clear to me. They were able to organize credit unions from around the state to meet, sometimes daily, and discuss events affecting us all. This collaboration with other credit unions would not have been possible without the leadership of the Network, and was invaluable to me as a smaller CU. It allowed me to get help from others in and to navigate those challenges much more successfully than we could have on our own. Nicholas Mathiowetz, CEO NorthRidge Community Credit Union “The Network takes a lead role for the important work of promoting and advocating on behalf of Minnesota credit unions. Our credit union values the hard work of the trade association on the regulatory and legislative efforts toward building strong relationships with regulators and elected officials. While we are engaged in the process, their supported efforts promote the growth of the industry and help our credit union focus on serving our members. The Network team is a highly passionate and knowledgeable group of promoters in advancing the credit union movement, philosophy, and purpose. From advocacy, education, resources, and facilitating collaboration, the Network helps credit unions join together from across the state to advance our mutual success.” Jay Gostonczik, CEO SouthPoint Financial Credit Union Thank you all for your continued support of the Network and the credit union system. Together we are stronger! |
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