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Last week, nearly 500 credit union professionals, board members, and exhibitors gathered at the Mystic Lake Center in Prior Lake for ACCELERATE 24. The theme for Minnesota Credit Union Network's annual conference is "Driving Innovation and Growth for Credit Unions," and speakers included Economist Elliot Eisenberg from GraphsandLaughs and International Speaker and Violinist Diane Allen, a TEDx/TED Speaker and Thought Leader who speaks on increasing the meaning, joy and fulfillment in one's work and life by Accessing the Flow State. During the annual business meeting, the election results were announced. Three seats were up for election: two in the at-large category and one in the 10,000 or fewer credit union members category:
MnCUN Board Chair Dave Boden announced he will be stepping down as Board Chair after the Annual Meeting and stepping down from the Board later this year. Boden was recognized with a gavel award for concluding his term as Board Chair. Two Board Members concluded their service on the Board: Mary Hansen and Julia Havens are terming off the Board after twelve years of service. Dave Boden, Mary Hansen, Julia Havens were presented with framed painting of Minnesota’s state flower, the lady slipper. Part of a one-of-a-kind state flower collection, these prints are displayed at the Credit Union House on Capitol Hill in Washington, D.C. The rarity of this print represents the unique perspective, insight and wisdom they have brought to the MnCUN Board. Additionally, the Board passed an official Proclamation of Appreciation for their service and dedication to Minnesota’s Credit Unions. Following the Business Meeting, Board table officers were elected. Dana Garrett, North Memorial Federal CU will serve as Chair, Steve Ewers of Member’s Cooperative Credit Union will serve as Vice Chair, and Dave Larson, of Affinity Plus Federal Credit Union will serve as Secretary/Treasurer. Minn. Credit Unions Honor Colleagues during Awards Breakfast
Video tributes of each of the award winners are available on the Minnesota Credit Union Network’s website.
Learn more about the outstanding programs, new initiatives and well-deserved recognition received by your peers recently:
Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Director of Communications Julia Miller. NCUA Opens CDLRF Grant Round May 1: The National Credit Union Administration (NCUA) announced that credit unions can apply for the 2024 Community Development Revolving Loan Fund grants between May 1 and July 1.
CFPB HMDA Data Available: On April 5, the Bureau issued a press release announcing HMDA data supported report showing a trend that consumers are paying upfront fees seeking lower interest rates on mortgages. FTC Office of Technology Issues Reminder on Poor Company Security Practices: On April 17, the Federal Trade Commission (FTC) Office of Technology issued a reminder on security practices on its long-time effort to improve the technology security practices of companies from all industries. In Congress, the House Financial Services committee took up and passed a resolution under the Congressional Review Act to disapprove of the CFPB’s recent credit card late fees final rule. The resolution passed by a 28-22 vote and now moves to the full House for further consideration.
The last P2P of our spring series will be an open format conversation with a speaker and peers around Open Banking Topics. This event is meant to be an opportunity to meet and share with one another. The open session and forum will conclude with time to discuss questions with participants. This event will be made available only via webinar/conference call. Webinar and call-in instructions will be provided upon registration.
Date: May 22 Time: 1:00 - 3:00 p.m. Location: Webinar Cost: $49 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.
 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. |
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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