Brian Sherrick, Chair, MnCUN Board Election Committee and President and CEO of Ideal Credit Union has announced the results of the 2021 Board Elections.
The following candidacy declarations were received for the four seats up for election in 2021:
Four declarations were received from the incumbents listed above; one for each open seat.
Pursuant to Article IV, Section 2(b) of the Bylaws of the Minnesota Credit Union Network, since only one person was nominated for each seat to be filled, no ballots will be distributed and board candidates and the board candidates Mary Hansen, Tom Smith, Julia Havens and Debora Almirall are each elected by general consent or acclamation.
The chair may declare this at the annual business meeting on April 23, 2021.
The State of Minnesota has launched a vaccine connector for those who have not yet received a COVID-19 vaccine.
The COVID-19 Vaccine Connector is a tool that helps Minnesotans find out when, where, and how to get a COVID-19 vaccine. By filling out the form the locator will:
To sign up go to: https://mn.gov/covid19/vaccine/connector/index.jsp
Are you looking for a professional development opportunity or want to get more involved with the Network and make the most of your membership?
Network Committees are seeking interested members for appointment following the Annual Business Meeting in April.
Board Committee members serve for one year – from their appointment through the following year’s Annual Meeting. Credit union staff may apply via a short application form, to get involved by serving on the Board committees listed below.
Applications will be accepted through Friday, March 12, 2021. The Network Board Chair will appoint Board Committee members following the Annual Business Meeting in April.
Awards Committee - facilitates statewide and national awards programs and judges other states’ award program entries. On the national level, the committee coordinates Minnesota’s entries for CUNA’s Dora Maxwell and Louise Herring Awards and the Desjardins Award for Financial Education. On the state level, the committee recognizes individuals through the Professional and Volunteer of the Year Awards. Network Staff Liaison: Julia Miller
Political Involvement Committee (PIC) - provides input and recommendations on legislative efforts at the state and federal level. Policy suggestions and regulatory roadblocks are brought to the attention of PIC to collectively formulate the Network’s positions on legislation. PIC is also responsible for political fundraising, and oversees the distribution of political contributions made to credit union-friendly candidates. Network Staff Liaison: Ryan Smith
Regulatory Review Committee - provides input and recommendations on proposed rules from various federal agencies that have the potential to impact credit unions. The committee meets regularly to review proposed rules that are out for comment and determines whether or not a response is necessary. Network Staff Liaison: Tim Tacheny
CREW Advisory Group - credit union staff, 40 and under, help brainstorm, plan and facilitate programming geared toward young professionals throughout the year. The group meets quarterly and is encouraged to participate in CREW-related programming, major MnCUN events and industry initiatives. Network Staff Liaison: Ben Hering
Any specific questions can be directed to the Network Staff Liaison listed for each committee.
Additionally, the Minnesota Credit Union Foundation committees – the Foundation Scholarship Council (FSC) and the Credit Unions for Kids (CU4Kids) - are currently accepting applicants from credit unions not represented in their group.
Members of the FSC committee conduct and raise funds for the annual scholarship through the Foundation. CU4Kids committee members facilitate and raise funds for Children’s Miracle Network, for the benefit of Gillette Children’s Specialty Healthcare. Please reach out to Network Staff Liaison, Ben Hering, for more details and to apply.
The Minnesota Credit Union Network is pleased to announce the recipients of their annual Minnesota Credit Union Marketing Awards. Winners were honored during a webinar on Feb. 18. The Award program recognize outstanding efforts in the areas of branding, community impact and outreach, digital advertising, video, and complete campaigns.
“Minnesota credit unions are doing remarkable things to grow brand awareness and market to members and nonmembers alike,” said MnCUN Vice President of Communications & Engagement Andrea Molnau. “The statewide awards program recognizes the best of the best. We would like to congratulate the winners and thank all of the 2020 applicants for their participation.”
New this year is the Best in Show distinction, awarded to a high scoring entry for each category.
2020 Minnesota Credit Union Marketing Award recipients:
The nearly 50 applications were evaluated by volunteer judges.
$300 Million Settlement Reached in Remote Deposit Capture Lawsuit
United States Automobile Association (USAA) and Wells Fargo have reached a $300 million settlement in their dispute over remote deposit capture technology (RDC) patents
Summary of NCUA Board Meeting
The National Credit Union Administration Board (Board) met last Thursday (2/18). This was the first meeting under the leadership of Chairman Harper.
Training and Overview of CUNA’s Compliance Management System in March
On March 11, from 10 – 11:30 the Minnesota Credit Union Network and CUNA will host a training and overview of CUNA’s Compliance Management System (CU-CMS).
Bureau Reconsidering Recent QM Rules
The Consumer Financial Protection Bureau (Bureau) issued a statement yesterday regarding General QM Loans and the recently created Seasoned QM Loans.
The Minnesota Credit Union Foundation is pleased to announce Zinta Pone, Operations Manager at Latvian Credit Union, is a recipient of the 2020 Financial & Audit Professionals Grant.
Funding from the Financial & Audit Professionals Grant program is intended to cover or defray the costs for credit union professionals and/or volunteers to attend timely and accurate educational events, conferences and seminars on financial and audit-related topics. Pone will use the grant for four training webinars through MnCUN’s Webinar Network.
The Financial & Audit Professionals Grant Fund was established in 2014 through a generous contribution from Rich Gabrielson, a CPA who worked with Minnesota credit union supervisory committees, boards of directors and management throughout his 36-year career. Gabrielson retired from CliftonLarsonAllen, LLP at the end of 2013. The grant is available annually, with applications open in November of each year.
For more information on professional development grant opportunities, visit www.mncufoundation.org.
With the 2021 Annual Conference being held in November, the timeline for the Professional and Director (formerly Volunteer) of the Year has changed.
Nominations for both awards will open in August with winners notified in mid-September. The opening of nominations will be communicated via email and the Pulse.
Contact Julia Miller, MnCUN Director of Communications with questions. Visit the Awards page for more information and updates.
MnCUN is scheduling virtual meetings with members of the US Senate and House of Representatives to discuss issues of importance to credit unions on March 4, as part of CUNA's Government Affairs Conference.
Although encouraged, you do not need to be registered for GAC to participate in these Minnesota-specific meetings.
Credit unions subject to Home Mortgage Disclosure Act (HMDA) requirements in calendar year 2020 must submit data to the Consumer Financial Protection Bureau by March 1, 2021.
The Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information.