As employees and board members of credit unions, it’s imperative that as the state's trade association for credit unions, we keep you informed about potential threats to credit unions and your ability to provide members the best possible financial services.

​As not-for-profit financial cooperatives, credit unions do not pay the federal corporate income tax on profits. Our people-first, member-owned structure means we instead return those earnings to our members in a variety of ways, including more affordable loans and better returns on savings.

But there are Wall Street bank lobbyists and politicians in Congress who want to tax credit unions, which really means a new tax on every person who uses our credit union and the more than 140 million other Americans who choose a credit union as their financial partner.

This is a significant threat to the future of credit unions. By putting a new tax on not-for-profit credit unions, the big Wall Street banks know they can eliminate competition and increase bank profits. But it doesn’t make sense to put a new tax on credit unions – ultimately a new tax on people who choose to keep their money in a credit union instead of a bank.

You know firsthand the impact your credit unions has on the people it serves. That’s why your voice and action are so important. Minnesota Credit Unions are united in helping our members succeed financially. This effort on Capitol Hill puts our efforts – and members – at risk. 

​Please act today to contact your U.S. Representative and Senators and tell them Don’t Tax My Credit Union through our easy-to-use GREAT Action Center. ​

On March 24, the Financial Crimes Enforcement Network (FinCEN) issued a new interim rule on the Corporate Transparency Act’s Business Ownership Interest (BOI) reporting requirements, making three major changes.

Join MnCUN and Inclusiv for an interactive webinar where we’ll explore why clean energy lending matters for both communities and your credit union. It’s a great chance to see how clean energy projects align with your mission, provide value for your members, and promote sustainable growth.

What to Expect:

• Discover the "why" behind clean energy lending 
  
• Understand why credit unions should care and how they can make an impact 
  
• Learn how to get involved in clean energy projects 
  
• Participate in a live Q&A with Inclusiv Staff

Whether you're just curious or ready to take action, this session will offer valuable insights and practical takeaways!
The webinar is free to attend but we ask that you please register. 

The Minnesota Credit Union Foundation Scholarship Council (FSC) is requesting your support for our annual Silent Auction fundraiser to benefit our scholarship program! 

​​Our annual Silent Auction will be held April 22 & 23, 2025 at the Mystic Lake Center in Prior Lake. As a signature event of the Minnesota Credit Union Network’s ACCELERATE conference, hundreds of credit union employees and their affiliates will bid on auction items. All money generated from this fundraiser goes directly to students through scholarships. Our goal is to raise $15,000! Visit the FSC Page for more details. 

We hope you will consider a donation of either a silent auction item, or a monetary/cash donation to help make our goal a reality! Your support is greatly appreciated, and any donation you make is an investment in the youth of Minnesota. 

Contributions: 

Cash donations: Please submit with a contribution form to the address below. Checks should be made payable to: Minnesota Credit Union Foundation; with “FSC” in the memo line or donate online.
Foundation Scholarship Council
Minnesota Credit Union Foundation
555 Wabasha St N, Suite 200
Saint Paul, MN 55102

Item donations: Please submit with a contribution form as soon as possible for our records. The item can be sent to either the address below no later than Wednesday, April 16, 2025, or deliver in person at the FSC Silent Auction booth any time Tuesday morning, April 22, 2025.

Minnesota Credit Union Network
Attn: Xiong Lee
55 Wabasha Street N, Suite 200
St. Paul, MN 5510

The Minnesota Credit Union Foundation’s Credit Union Builder Award honors an individual’s dedication to the success, growth, and vitality of Minnesota’s credit union movement. Dedications are typically made at a special time of significance to acknowledge their contributions to credit unions. As many credit union Annual Meetings approach, consider honoring the contributions of a retiring Board Member with an award. 

​Nearly 100 individuals 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 honorees (or their families, in the case of a memoriam contribution) receive acknowledgement from the Minnesota Credit Union Foundation, and donors are also listed online and in the Foundation’s annual report. A minimum $1,500 contribution is required to designate a Credit Union Builder Award. 

​With questions, contact Andrea Molnau, Executive Director of the Minnesota Credit Union Foundation.

Last week, the Minnesota Credit Union Network (MnCUN) convened the second annual Fraud Prevention Summit. Nearly 90 attendees from over 35 credit unions from across the state participated.

The event served to connect credit unions with law enforcement, regulatory, and service vendor representatives engaged to combat financial fraud from their respective areas of expertise.

This included expert presentations on emerging fraud trends, preventive and remediation resources, and small group discussions for attendees to share information and resources. Speakers included:

• Safe Senior Financial Protection Act: Lisa Lovering, Senior Financial Exploitation Investigator; MN Department of Commerce
• Fraud Prevention: Michael Burke, Senior Robbery and Crisis Management Consultant; SHAZAM
• Fraud Detection and Prevention Product Demos: ACUTE Technology Solutions, Optimize Cyber,  and Payrailz Fraud Monitor.
• ​Fraud Schemes: Tony Ofstead; Director/Chief Law Enforcement Officer; MN Commerce Fraud Bureau

"Fraud is a persistent and evolving threat for consumers, businesses and financial institutions. Credit unions are embracing a collaborative approach to prevent and address fraud with regulatory and law enforcement partners," said Mara Humphrey, President & CEO of MnCUN.

MnCUN is announcing the formation of credit union peer fraud taskforce to combat fraud proactively across Minnesota. The goal is to leverage resources and share information to cooperatively combat fraud more effectively.

What to expect:

• Quarterly Meetings: Share experiences, resources, and information to stay ahead of evolving forms of fraud.
• Collaboration: The group will regularly engage with law enforcement representatives and other relevant regulatory authorities. 
• Dedicated Minnesota Community Page: Post real-time questions and issues related to frauds and scams.
• Focus Areas: Protect credit union members, prevent Elder and Vulnerable Person Financial Exploitation and prevent harm to credit union operations.

Participation details:
Who Should Attend: Open to all credit union staff.
Cost: Free to attend

Dates and registration:
The task force will meet on the following dates from 2-3 p.m. via webinar. Follow the links for more information and to register:

• May 20th
• August 19th
• November 18th

With questions, please contact MnCUN Director of Engagement, Xiong Lee, by email.