Class Action Lawsuit Against Navy FCU Instructive for Credit Unions: A recent class action lawsuit, Wilkins v. Navy FCU, may have some lessons for credit unions regarding relationships with third-party payment apps. 

Share Insurance Fund Update – Q1 of 2022: Last week the NCUA provided an update on the performance of the National Credit Union Share Insurance Fund (Fund). 

Applications are now open for the second cohort of MnCUN’s Trailblazers Executive Readiness Training program. This 12-month program is designed to accelerate executive level leadership skills and build credit union specific knowledge needed to succeed in our industry. 

​​​​Having high-potential leaders in the pipeline is critical for credit unions and the industry. Designed by Minnesota Credit Union professionals – the program is intended to prepare emerging leaders for executive level positions. Topics include Leadership Skills, Credit Union Financials, Credit Union Operations, and Strategic Planning & Growth. Courses will be facilitated by both experts in the field and current credit union leaders. Upon completion participants will receive a Minnesota Credit Union Executive Leadership Certification. 

“The Trailblazer Executive Readiness Program is a good overview of the deeper aspects of credit union management. It provides a broad range of topics to expand perspectives for those who may not have experience in other functional areas of the organization. Coming from a smaller credit union, it gave me the opportunity to meet with an amazing group of professionals from around the state to understand how other organizations are meeting the same challenges we face every day. I believe that for a person either new to their management role or looking to make a move to a new position with more authority, this training gives them an overview of the entire organizational ecosystem.” 
​
-Nicholas Mathiowetz, President/CEO NorthRidge Community Credit Union

The cohort will meet the second Thursday of the month for 12 months – virtually and in person – providing participants the opportunity to build a close network of colleagues. 

With questions, contact MnCUN Vice President of Communications and Engagement Andrea Molnau or Director of Engagement Ben Hering.

The Marketing & Business Development Peer-to-Peer (P2P) will feature winning entries from the CUNA Marketing & Business Development Council Diamond Awards. Learn about the strategies and success stories that represent the pinnacle of credit union marketing and business development.

​​P2P sessions will continue to be held as virtual roundtables, providing open forums for credit union staff throughout Minnesota, for knowledge sharing, resources and connections. This event will be made only via webinar/conference call. Webinar and call in instructions, along with recordings, session materials and resources, will be provided to registered attendees.

Date: June 14, 2022
Time: 1:00 PM - 3:00 PM CST
Location: Webinar/Video Conference

For a list of all P2P sessions, visit our Peer-to-Peer (P2P) webpage. With questions, please contact MnCUN Director of Engagement Ben Hering by email or by phone at 651-288-5519.

​Join us for a virtual Data Governance Deep Dive workshop on Wednesday, June 15, facilitated by Anne Legg, Founder of THRIVE Strategic Services. 

​The mission of a data governance program is to give a formal structure to its data. Its primary focus is on the management of data access, quality, and security throughout its life cycle. It has been called a “must-have” by consulting firm McKinsey for enterprise data success. A formal data governance program is already appearing on many regulatory audits and will likely be a mandatory feature of a data program assessment in the next year. The challenge for many credit unions lies in the creation of a launch plan and having a template for success.  This 3-hour webinar will fill these knowledge gaps by providing the following: 1) a basic foundation to data governance, 2) a framework for success 3) a detailed launch road map.

Date: June 15
Time: 8:30-11:30 a.m. CT
Location: Webinar
Cost: $595

​The National Credit Union Foundation’s Exploring Why™ Workshop is an experiential training that empowers employees of all levels to understand and leverage the Credit Union Difference to drive greater value for your members and organization. The interactive, virtual workshop incorporates lessons from the Foundation’s signature Development Education (DE) Program.

The Minnesota Credit Union Foundation is pleased to bring this programing back to Minnesota Credit Unions this year, and will be offering the workshop at no charge for MnCUN member credit union employees July 26 and 27 from 8:30 a.m. - 12:00 p.m.

Attendees will leave with a better understanding of:

• The structural and philosophical differences between credit unions and other financial institutions, and how it impacts business operations and decision-making.
• How to communicate your organization’s “why”, their personal “why”, and tell the story of how you drive value for your members.
• Opportunities to take ownership in finding new and better ways to meet the needs of your members and organization

​For engagement and participation, there is a maximum of 60 participants. Registration will be taken on a first come, first serve basis; and limited to 5 attendees from the same credit union. The deadline to register is Friday, July 15.

​For more information and to register visit the event page on our website. 

Minnesota Credit Union Network committees are made up of credit union professionals who volunteer their time to
serve the Minnesota credit union movement. Representing credit unions of all sizes and from across the state, committee members help to further a variety of objectives from political and regulatory advocacy to awareness and recognition.

​​​The following people have been appointed to serve on MnCUN Committees: ​

Today, the NCUA issued a letter to federally insured credit unions clarifies certain expectations for credit unions contemplating the use of new or emerging distributed ledger technologies (DLT)  reiterates the importance of sound governance and planning related to deploying new technologies like DL. 

The rapid emergence of financial technology is creating opportunities for credit unions to increase speed of service, improve security, and expand products and services. In this spirit, the NCUA Board is exploring how the agency can provide clarity around expectations regarding financial technology adoption to not impede safe, fair, and responsible federally insured credit union engagement.