SEC Adopts Amendments to Data Breaches: On May 16, the Securities and Exchange Commission (SEC) adopted amendments to Regulation S-P to modernize and enhance the rules that govern the treatment of consumers’ nonpublic personal information by certain financial institutions, including credit unions, for the first time since 2000. 

​​EEOC New Enforcement Guidance on Workplace Harassment: On April 29, the Equal Employment Opportunity Commission (EEOC) issued new enforcement guidance on workplace harassment effective immediately (not updated since 1999). 

During Hike the Hill visits, credit union professionals and board members meet with the Minnesota Congressional Delegation and discuss top issues impacting credit unions.

​This year, MnCUN is organizing our Hike with our Tristate partners, Montana and Wisconsin. A tentative schedule of events is below; attendees should plan to arrive by early Wednesday afternoon, September 11 for events. Meetings with legislators will be scheduled throughout the day on Thursday, followed by a Minnesota group activity in the evening. Assuming availability of staff or Board members, NCUA meetings will take place Friday morning and attendees can plan to fly out by Friday afternoon.

Date: Wednesday, September 11 - Friday, September 13, 2024

Tentative schedule:

• Wednesday, September 11th – arrive by early afternoon
  • Campaign/check presentation event in conjunction with America’s Credit Unions, the Montana Credit Union League and the Wisconsin Credit Union League – 4 PM, Capitol Hill Club
  • Group outing to Nationals game with credit union attendees from 5 other states – 5:45 PM, Nationals Park, pregame drinks and food included
• Thursday – Legislative visits
• Friday – NCUA meetings

Lodging:
Hyatt Regency Washington on Capitol Hill
400 New Jersey Avenue NW
Washington, DC 20001
Watch for room block link to come.

Please provide the home address for each attendee in the registration for this event.

Please contact Ryan Smith at [email protected] with any questions.

Join ModernFI for an insightful fireside chat with Rodney Hood, former Chairman of the NCUA, Mickey Noone, VP of Business Lending at Royal Credit Union, and Paolo Bertolotti, CEO of ModernFi. This engaging discussion will cover the evolving deposit landscape within the credit union sector, emphasizing strategic approaches to boost deposit growth and maintain stability. Don't miss this opportunity to learn from leading experts, gain critical insights, and discover strategies that could transform your credit union's approach to deposit growth and stability.

Date: Thursday, May 30th, 2024
Time: 2:00 pm – 3:00 pm EDT

​Speakers:
   • Rodney Hood - Former Chairman of the NCUA
   • Mickey Noone - VP of Business Lending at Royal Credit Union
   • Paolo Bertolotti, PhD - CEO of ModernFi

Agenda:
During this session, ModernFi CEO, Paolo Bertolotti will lead a discussion with Rodney Hood and Mickey Noone as they explore:

• Rodney’s insights on fintech trends and the credit union deposit landscape.
• The driving factors behind Rodney’s recent appointment at ModernFi and how deposit networks can address industry challenges.
• Royal Credit Union’s strategic objectives for achieving balance sheet stability and enhancing member growth.

The Minnesota Credit Union Foundation is pleased to offer Exploring Why TM - The National Credit Union Foundation’s 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 workshop incorporates lessons from the Foundation’s signature Development Education (DE) Program. This is an in-person workshop.

This program is generously sponsored by the Minnesota Credit Union Foundation and will be offered at no charge for MnCUN member credit union employees. 

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.

Date: Wednesday, July 17, 2024, 9:00 AM - 3:00 PM CST
Time: Location: Courtyard by Marriott Rochester
161 13th Avenue SW
Rochester, MN 55902
Cost: Free!

Logistics:
The workshop will be delivered in person. For engagement and participation, there is a maximum of 50 participants. Registration will be taken on a first come, first serve basis; and limited to 5 attendees from the same credit union. (If more than 5 employees are interested, please email Andrea Molnau to be placed on a wait list.) Note: participants from the same organization will likely not be grouped together for discussions or activities. 

The deadline to register is Friday, July 5th. 

Due to the popularity of this event, the Foundation is pleased to offer it twice in 2024. A second session of Exploring Why will be coming to the Duluth area Nov. 6, 2024. More details and registration for that session will be available this fall. 

The 2024 Minnesota Credit Union Advantage campaign will shift our strategies to a more grassroots effort to engage and share stories about how Minnesota credit unions give Minnesotans an advantage. One of the most important elements of the campaign is storytelling from members about how key products and services helped them in their financial lives. 

​We need your help to gather these stories! The topic areas we are looking for are as follows:

• Debt Consolidation
• Fraud 
• Financial Literacy
• Equity and Community Engagement
• Auto Loans
• Prized Linked Savings
• Medicare
• Housing/Mortgages

We want to amplify and highlight these stories in multiple channels that include the Minnesota Financial Advantage podcast presented by MN Credit Unions, as well as streaming audio ads across the state. Our podcast will be featured on the PodMN network, and our streaming ads will run across multiple podcast and radio streaming platforms in Minnesota.

In order to do this, our team asks that you share your member story and possible interviewees, so we can build a schedule of in-person or zoom interviews and discussions about topics. Those conversations and stories will then be produced and distributed to our targeted audiences beginning in June.

Please complete this form by June 14 to have your member story considered. If you have questions or want to discuss further, please reach out to Andrea Molnau, VP Communications and Engagement. 

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 following the application process: 

Department of Commerce Updates: The Minnesota Credit Union Network recently met with Director of Credit Unions, Aeton de Long-Hersh, and he noted that the following remain examination priorities for the Department. 

CFPB Late Fees Rule Halted: On May 10, the U.S. District Court of North Texas enjoined the CFPB’s rule reducing the safe harbor amount for credit card late fees from $32 to $8 by issuing an order for preliminary injunction. 

DEA Cannabis Reclassification: On April 30, the U.S. Department of Justice’s Drug Enforcement Administration (DEA) announced it will proceed with reclassifying cannabis from a Class I to a Class III drug under the Controlled Substances Act (CSA).

​Last week, an attempt to add the Credit Card Competition Act to the FAA reauthorization bill failed with an 85 to 12 vote on Wednesday.