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      • Event Policies
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      • Accelerate 25 Awards
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    • Tristate Leadership Conference
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      • Trailblazers Application
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      • CREW Spotlight
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  • Member Resources
    • 100 Year Celebration
    • Member Benefits
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    • MN CU Employee Benefits Plan >
      • Benefits Plan | Requesting a Quote
      • Guardian Life
    • Compliance >
      • Compliance and Audit Services
      • Submit a Compliance Question
      • PolicyAid
      • Elder Financial Abuse Prevention
    • CU FORWARD
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      • CDFI Resources
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      • Advantage Story Submission Form
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        • Professional of the Year Form
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The Pulse

New MnCUN.org is Now Live!

6/17/2020

 
As part of our ongoing commitment to providing you with the highest level of value and engagement, we've recently launched a new website! The new site features a new design, easier navigation, and simplified event registration. In addition, members will have access to an updated Member Portal which includes exclusive access to content and more self-service options.
 
Our website address has not changed: www.mncun.org. 
 
We encourage you check out our new Member Resources menu item, enhanced Solutions Directory, and new Job Board features. In addition, the Minnesota Credit Union Foundation website has been incorporated into the new MnCUN.org.

MnCUN members should visit our Members Only Portal so you can set up a new login and update your profile. Simply click “forgot password” and enter the email address you currently have on file with MnCUN. You will receive a Password reset link sent via email  from [email protected] with instructions to set a password. If log in assistance is needed, please contact Ben Hering.

Once signed in, you’ll be able to manage your username/password, update your contact information, update your preferences, pay invoices and take a survey to tell us what you think of the new site.

With questions or feedback, please contact Julia Miller. 

Town Hall With NCUA Chair Rodney Hood

6/17/2020

 
On Thursday, June 18, at 3:00 pm, credit unions are invited to meet for a virtual Town Hall with National Credit Union Administration Chairman Rodney Hood. All MnCUN members are encouraged to attend.

The Town Hall will cover a range of topics, including updates from the NCUA, Hood’s priorities for his term as chair, and an opportunity for attendees to ask questions.

The event is free, however we ask that you please  register .

With questions, please contact Mara Humphrey.  

CUNA Mutual Group Webinar - Moving Forward Forum: Insights and Strategies for the Credit Union New Frontier

6/17/2020

 
No one could have predicted the course of 2020 so far, and we’re all called to leverage the very best that we can bring to the table. Change is accelerating faster than ever. Plans are out of whack. Budgets are tight(er). As we look into the future, finding a new normal feels like both a tremendous responsibility and a giant guessing game.

That’s where being part of the credit union system makes a difference; we know how to pull together to share resources that help you make more informed decisions based on best practices across our industry.

Join CUNA Mutual Group on Thursday, June 25 for the Moving Forward Forum: Insights and Strategies for a New Frontier for these three sessions hosted by credit union industry experts at CUNA Mutual Group to provide ideas to help you increase agility, increase revenue, and effectively serve the growing multicultural consumer population. 

KEY DETAILS
Date: Thursday, June 25, 2020 – 11:30 am Eastern/8:30 am Pacific
Sessions: Three sessions by top industry experts
Length: 45 minutes per session
Where: Online – Register now!
Price: $0

Read More

Congratulations to Minnesota Diamond Winners!

6/16/2020

 
Five Minnesota Credit Unions were honored by the CUNA Marketing & Business Development Council Diamond Awards, picking up 11 awards including several with the Category’ Best distinction. Overall, out of 1,295 entries submitted six credit unions won Best of Show Awards, 93 won Category’s Best Awards and 255 won Diamond Awards.

Full list of award winners and categories

City & County Credit Union:
  • Annual Report - (Category’s Best)
  • Financial Education (Category’s Best)

First Alliance Credit Union:
  • Brand Awareness (Category’s Best)
​
Hiway Federal Credit Union:
  • Complete Campaign
  • Logos

Royal Credit Union
  • Website

SPIRE Credit Union:
  • Annual Report 
  • Business Development Efforts – (Category’s Best)    
  • Video (Commercial) Series (Category’s Best)             
  • Video (Non-Commercial) Series (Category’s Best)    

MnCU Foundation to offer Pandemic Relief Grants

6/16/2020

 
The Minnesota Credit Union Foundation has established a $65,000 Grant Pool for the purpose of pandemic relief fund to support MnCUN affiliate members under $100M in assets.
​
Credit unions may apply for funding to address a past, current or future expense as they transition to address the challenges that the COVID-19 crisis has created for the industry. Pandemic-related expenses that have been incurred after March 15th, 2020 will be considered.

Credit unions may apply beginning immediately and the Foundation will accept applications as funding permits or until December 1, 2020. A portion of the available funds were provided by a generous donation from Alloya Corporate Credit Union.

Grant requests can be up to $2,500 and must be used to support expenses directly related to the pandemic including but not limited to:
  • Purchase of safety and personal protective equipment (masks, plexiglass, hand sanitizer, etc.)
  • Operational or technological expenses that support infrastructure or business continuity (Laptops or other tools for working from home)
  • New/upgraded tools or services that allow for limiting contact/exposure for employees or customers (Online banking, remote deposit, signature pads, etc.)
  • Long-term expenses that will be incurred by the credit union in adjusting to changes in staffing models, member service or health and safety. (Adjustments to branches, drive-throughs, etc.)
  • Remote/virtual services to serve members or provide financial education or counseling (webcams and virtual tellers, live chat to limit branch traffic)
  • Creating programs or services which target populations that are impacted by the crisis (low-income, at-risk or unbanked, etc. to prevent fraud, provide education, counseling, etc.)
​
How to apply: Complete the application form, which includes a description of the fund use, proof of expense or detailed proposed budget, and credit union CEO approval. With questions, contact Andrea Molnau, MnCU Foundation Executive Director. 

Special Session Update

6/16/2020

 
As required by law when Governor Walz extended the state’s peacetime emergency declaration, the Minnesota legislature returned last Friday for a special session. ​
FULL ARTICLE (mEMBERS ONLY)

Regulatory and Compliance News - June 17, 2020

6/16/2020

 
President Nominates Kyle Hauptman to NCUA Board

SBA Updates Guidance on PPP

Equifax Settlement Reached

Credit Unions Must Implement a COVID-19 Preparedness Plan by June 29 
​
FULL ARTICLEs
​(Members Only)

Message from Mark: Difficult Week in Minnesota

6/3/2020

 
These past days have been incredibly difficult for Minnesota, for our members, for us. While as a credit union community we are physically unharmed, we are mentally shaken by the tragic death of George Floyd and the subsequent events that followed.  It was incredibly difficult to watch rage boil over into the destruction of a thriving, multicultural residential and commercial sector of Minneapolis. It was heartbreaking to see the unchallenged destruction of government buildings when a post office and police precinct building were over-run, vandalized and burned.  It was equally disheartening to see that a full mobilization of the Minnesota National Guard was required to help re-establish order in the streets of Minneapolis and St Paul.  

There is also hope. It was heartwarming to see brigades of volunteers from all sectors of the community converge with brooms and shovels on Sunday morning to help clean up neighborhoods that are not their own. Charities have been overwhelmed by donations of water, food, and other personal necessities of daily life.  Incredible generosity - that is also part of Minnesota.  

Yet the anger is still there - burning.  It has always been there. Mostly we as a society have chosen not to see it.  We ignore it – until we cannot.  And then we really just want to turn down the heat.  But we have never actually worked to extinguish the flame. This has to change, and credit unions cannot be bystanders. We must be participants. DEI can no longer be an industry buzzword or HR Department responsibility, but viewed by all in our industry with a much broader lens, and tangible steps taken forward at the most basic level.  

I am sure many of you have noticed the Open Your Eyes to a Credit Union bus ad that was present at the time of George Floyd’s murder, captured on video. These images will be with us for a long time as the cases against the four officers proceed through the judicial system.  For all of us, these images should be a powerful reminder that credit unions serve people – all people. And that we are present – even in the most difficult times. Over the years we have worked together and made significant contributions to our communities; you have grassroots organized, volunteered, shared acts of kindness – these strengths and values of our movement can hold us up – even when the world seems to be falling apart. 

​Your work to help members during a pandemic and now civil unrest – and the economic impacts that will follow - is vitally important and a great example of how credit unions can be a force for good in the world. I look forward to continued conversations on how we can cooperatively leverage our unique business model to serve all people, and instigate real and positive change in our communities. 

Together, we will make a difference!

Mark D. Cummins
President & CEO, Minnesota Credit Union Network


Consumer Awareness Strategy Update

6/3/2020

 
In light of the Covid-19 crisis, the Minnesota Credit Union Awareness Initiative shifted strategy to focus on how credit unions are supporting their members and communities through the pandemic. This includes paid Public Service Announcements on web, social media and radio running throughout Minnesota. This strategy will continue through the end of June. 

On the national level, CUNA paused the digital Open Your Eyes to a Credit Union® ads as of March 20 due to Covid-19. They have since retooled and calibrated the marketing assets, and are now releasing updated ads into market in several states. Minnesota will begin using the updated marketing assets in July. 

Yourmoneyfurther.com remains live, and credit unions participating financially in the Open Your Eyes to a Credit Union campaign have access to social media tools and an updated messaging guide via the Contributor Headquarters portal. 
​

With questions about the Awareness Initiative, contact VP Communications & Engagement Andrea Molnau.
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    The Pulse

    The Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. 

    ​The publication is delivered to credit unions weekly and offers timely and relevant credit union news, compliance updates and political information.

    You can subscribe to the Pulse by updating your subscriptions in the Member Portal

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