​The annual MnCUN CEO Conference was held June 21-23 at the St. James Hotel in Red Wing. This event featured presentations from speakers on a variety of pertinent credit union topics, provided opportunities to connect with other CEOs, and offered a cooperative forum in a relaxing setting to share expertise and experiences. 

​The event kicked off by focusing on creating meaningful connections, with a presentation from Sally McKay, NP Strategy and was followed by discussion roundtables.

Attendees heard from Cherie Freed, from the NCUA and Aeton de Long-Hersh from the Minnesota Department of Commerce for a regulatory update, and Economist Bill Hampel gave an economic update.

The presentation slides can be downloaded from the Members Only Publications page (login required).
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Thank you to CUNA Mutual Group for their sponsorship of the conference. With questions, please contact MnCUN Vice President Communications & Engagement Andrea Molnau by email or call (651) 288-5527.

There will be no Pulse next Wednesday, July 5 and the newsletter will resume July 12. Have a safe and happy 4th of July!

The agenda includes final and proposed rules on BSA, overdraft policies, charitable donation accounts, and chartering and field of membership.

​The Credit Unions for Kids Golf Tournament 28th Annual brought in over $32,000 at its annual event benefitting Gillette's Childrens Specialty Care.

​115 golfers participated in the event at the Refuge Golf Course in Oak Grove. Titanium level sponsors were Wings Financial and Enterprise Car Sales. 

Credit Unions for Kids is a grassroots program that involves participation from Minnesota credit unions and the Minnesota Credit Union Network. All funds raised in Minnesota’s Children's Miracle Network geographic market stay local, supporting Gillette Children’s Specialty Healthcare in St. Paul, Minnesota. The purpose of this committee is to support our local CMN hospital, encourage other credit unions and leagues to join in the program, and provide national movement recognition for Credit Unions for Kids.

​Join the Minnesota Credit Union Network and partners as we share exciting details about CU Forward Day 2023 during the informational kick-off webinar on Wednesday, July 19 at 10:00 a.m.

​CU Forward Day coordinators, credit union leadership and staff are all welcome to join as we discuss plans for this year. Please provide us your questions in the registration form. Registered attendees will receive webinar and call-in instructions prior to the session.

​Credit union coordinators who have registered their credit union via the CU Forward Day event will receive webinar/call-in instructions via calendar invite and do not need to register for this event.

With questions, please contact Director of Engagement, Xiong Lee, via email or by phone at (612) 802-7695.

The deadline for submissions for the annual Dora Maxwell, Louise Herring and Desjardins Financial Education recognition programs are due this Friday, June 23. Submitted projects should have primarily taken place during 2022. 

​Full program details and FAQs are available on the MnCUN Awards Page. Contact Julia Miller, MnCUN Director of Communications with questions. 

• ​Dora Maxwell Social Responsibility Community Service Award– recognizes credit unions that promote social responsibility. In particular, the focus of the award is to draw attention to external credit union projects and activities that benefit the community.
• Louise Herring Award for Philosophy-in-Action – focuses on the internal programs and services of a credit union. Credit unions who received the award have demonstrated the practical application of the credit union philosophy within the actual operations of the credit union.
• Desjardins Youth and Adult Financial Education Awards – recognizes the leadership of individual credit unions and chapters on behalf of youth and adult financial education. Activities eligible for consideration include those that raise awareness and marshal resources on behalf of financial literacy.

Award entries are judged by the Dakotas Credit Union Association Awards Committee to ensure unbiased results. The winners in each award category will advance to CUNA’s national contest where they will compete with credit unions across the country, with judging to take place this fall. 

According to National Credit Union Administration’s (NCUA) Quarterly U.S. Map Review, Minnesota credit unions experienced solid performance along key indicators during the first quarter of 2023.

Highlights of the Quarterly Map Review include:

• With $39 billion in assets, Minnesota credit union assets grew 2.2%, which is above the national rate of 0.1%, ranking 7th nationally.
• Membership at Minnesota credit unions grew 1.2% in median year-over-year member growth, ranking 14th in the nation and above the national average of 0.2%. 
• Annual deposit growth was 1.3%, ranking 8th nationally.
• 94% of Minnesota Credit Unions had positive year-to-date net income, compared to 85% nationally and ranking 5th in the nation.​

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​According to NCUA, credit unions in Minnesota are now serving over 2 million members! Thank you for all you do to improve the financial well-being of Minnesota consumers.