Greater Community Credit Union ranked fifth and Two Harbors Federal Credit Union ranked 68th in S&P Global Market Intelligence's 2024 Top Bank and Credit Union Ranking.

S&P Global Market Intelligence based these ratings on "six weighted financial metrics: member growth (20%), shares and deposits per member (20%), net worth as a percentage of total assets (20%), return on average assets (20%), delinquent loans as a percentage of total loans (10%), and net charge-offs as a percentage of average loans (10%)." 

"Congratulations to Greater Community and Two Harbors for being recognized nationally and for being good financial stewards for their members," said Minnesota Credit Union Network President Mara Humphrey. “The recognition of these two credit unions speaks to the high standards that credit unions across Minnesota maintain every day and the partnership with the communities and members they serve.”

To be included in the ranking, a credit union must have reported at least $100 million in total assets and a net worth ratio of at least 7% as of Dec. 31, 2024. Based on this criteria, 1,798 credit unions qualified for the ranking.

​Access the full list of 2024 Top Bank and Credit Union Rankings – National.

Federal and State Legislative Update: Last week, the focus in Washington, D.C. was Congress passing a continuing resolution to fund the government through the end of the fiscal year. 

Trump Executive Order Curtails CDFI Fund: President Trump signed an Executive Order limiting the Community Development Financial Institutions (CDFI) Fund to its statutory functions to the minimum permitted by law.

CU Connect sessions are webinars that bring together colleagues in similar roles and specialties from across the state facilitated by a MnCUN staff member.

​Attendees can expect:

• to discuss emerging trends, share resources and make connections with individuals in comparable roles,
• shared learning among facilitators and attendees, and
• an open forum with webcams and audio on to encourage participation, where possible. 
  

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Bring your questions, ideas and be ready to engage with your fellow CU professionals! 

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

​Early bird registration closes this Friday for ACCELERATE 25, being held April 21–23 at the Mystic Lake Center in Prior Lake. You won’t want to miss this landmark event celebrating a century of service and community impact for Minnesota Credit Unions, along with engaging guest speakers, educational sessions, networking, the state’s largest credit union tradeshow and opportunities to support great causes. 

​We're pleased to welcome acclaimed futurist and trend caster, Dr. Shawn DuBravac, who will share the Tuesday keynote Economic Insights: Navigating the Future. In today’s turbulent economic environment, leaders face unprecedented challenges, from persistent inflation to shifting conditions to an uncertain political landscape. These issues are compounded by geopolitical risks and evolving market dynamics. Dr. DuBravac will provide a critical exploration of the U.S. economic landscape tailored for credit unions.

DuBravac is an internationally-recognized thought leader, delivering pragmatic and provocative insights on the trends, technologies, and paradigms transforming the globe. He is president of the Avrio Institute, who helps leaders prepare for uncertain and divergent futures. Clients include Fortune 100 and Global 1000 companies, scrappy start-ups, government agencies, and non-profit organizations. Grounded in economics, DuBravac served over 12 years as chief economist for the Consumer Technology Association (CTA), the U.S. trade association representing more than 2,000 consumer tech companies, and owner and producer of CES. DuBravac writes extensively on disruptive technological shifts and has been widely published on the topics of technology, finance, and economics. His analysis has appeared in The Wall Street Journal, The New York Times, Financial Times, Washington Post, Wired, Los Angeles Times, Barron’s and on-air with CNBC, Bloomberg, NPR, CBS, and other media outlets.
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Early bird pricing for the conference ends March 14. 

​Are you looking for a professional development opportunity or for ways to get more involved with the Minnesota Credit Union Network and make the most of your membership? 

​MnCUN Committees are seeking interested members for appointment. The MnCUN Board Chair will appoint Committee members to serve for one year – from their appointment through the following year’s Annual Business Meeting, taking place during the ACCELERATE conference in April. 

​​Interested candidates can apply by completing an application by Friday, April 4, 2025. The application lists descriptions for each committee and any specific questions can be directed to the MnCUN Staff Liaison listed for each committee. ​

Three candidacy declarations were received by the closing date of February 28, 2025 for the three Minnesota Credit Union Network Board of Directors seats up for election:

• Aaron DeJong: At-Large
• Dana Garrett: Fewer than 10,000 members
• Trina Hoff: Fewer than 10,000 members

Because one candidacy declaration was received per open seat, no ballots will be issued in accordance with MnCUN bylaws and the election results will be announced at MnCUN’s Business Meeting during the Accelerate Conference, Tuesday April 22, 2025.

The Minnesota Credit Union Network Election Committee, appointed by the Chair of the Minnesota Credit Union Network, has the responsibility of overseeing the 2025 Network Board of Directors election process.

​Candidacy declarations and Board Election rules are available on the Member Portal Board Election page (login required.)

Minnesotans in DC for GAC: Last week, over 120 Minnesota credit union professionals and board members were in Washington D.C. for a record-breaking Governmental Affairs Conference along with more than 6,000 credit union leaders from across the country. 

State Releases Updated Budget Forecast: The big news in Minnesota was the release of the state’s budget forecast late last week. 

​Special Election Results in House Tie: Yesterday, a special election was held to fill the vacancy in House District 40B (Roseville, Shoreview).

​Make sure you register for ACCELERATE 25, April 21–23 at the Mystic Lake Center in Prior Lake. You won’t want to miss this landmark event celebrating a century of service and community impact for Minnesota Credit Unions, along with engaging guest speakers, educational sessions, networking, the state’s largest credit union tradeshow and opportunities to support great causes.

We're pleased to welcome Kevin Brown who will present The Hero Effect®: Being Your Best When It Matters The Most! In his signature keynote, Kevin shares ideas, strategies and principles that will inspire and equip participants to show up every day and make a positive difference. At the heart of Kevin’s message is a simple, yet powerful philosophy for life that drives every thought, every action and ultimately every result we achieve both personally and professionally. Your team will be motivated to reach beyond what is required and do something remarkable! The Hero Effect® framework drives organization excellence and customer loyalty and inspires individuals to create an unforgettable experience for the people they serve and serve with. 

​For two decades, Kevin was a sales and marketing executive that helped transform SERVPRO® from a little-known family business into an industry giant with annual revenues reaching two billion dollars. After a career in franchising, Kevin decided to retire from corporate America and pursue his passion for bringing The HERO Effect® message to as many people and organizations as possible. Kevin is on a mission to help people and organizations embrace a simple philosophy that separates world-class organizations and high-performance people from everybody else. He is passionate about helping people expand their vision, develop their potential, and grow their results. 

​This session is generously sponsored by Alloya Corporate Credit Union. Early bird registration ends March 14. 

Over 120 Minnesota credit union professionals and board members are in Washington D.C. for a record-breaking Governmental Affairs Conference along with more than 6,000 credit union leaders from across the country. The credit union industry's largest advocacy event, GAC, is an opportunity to amplify our collective voice in advocacy and ensure lawmakers fully understand the impact of credit unions on their communities.

​​Yesterday, the delegation met with Senators Amy Klobuchar and Tina Smith, and this afternoon, Minnesota attendees  are scheduled to meet with members of the U.S. House and their staff.​

Last weekend, two Minnesota credit union leaders, Debora Almirall, Minnesota Power Employees CU, and Brian Sherrick, Ideal CU were inducted into the Credit Union House Hall of Leaders in honor of their significant contributions to the credit union industry. Members of the Hall of Leaders are exceptional individuals that have dedicated their lives to perpetuating the credit union mission and philosophy.  ​

Also at GAC, Pat Pierce, President/CEO of City & County Credit Union, was elected as the Chair of America's Credit Unions Board of Directors. He will serve a one-year term.

​“I am honored to lead America’s Credit Unions Board of Directors after a monumental year of progress for our industry,” said Pierce. “2025 has started fast, with the potential for significant change for our industry, and I have full faith that Jim and his team will move the needle to ensure the credit union industry continues to thrive. As this momentum builds, I look forward to working alongside credit union leaders to ensure we are all working together to advocate for the movement we are all deeply passionate about.”